Steel Dynamics Inc (NASDAQ: STLD) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Significant positive changes in fundamentals have recently occurred for Steel Dynamics Inc (NASDAQ: STLD). Positive developments: the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, and significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
STLD is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Steel Dynamics has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Steel Dynamics has a good Appreciation Score of 83 and a very high Power Rating of 88, producing the Highest Value Trend Rating.
Recent Price Action
On 1/3/24, Steel Dynamics Inc (NASDAQ: STLD) stock rose slightly by 0.2%, closing at $119.11. NORMAL trading volume accompanied the advance. The stock has declined -2.2% during the last week but has been strong relative to the market over the last nine months.
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