Recent exceptional negative changes in investment behavior have affected Ryerson Holding Corp (NYSE: RYI): negative upside/downside volume developed, and the stock fell on very heavy volume.
Ryerson Holding Corp (NYSE: RYI) suffers from important negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
RYI is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ryerson Holding has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ryerson Holding has a good Appreciation Score of 83 but a very low Power Rating of 15, leading to the Neutral Value Trend Rating.
Recent Price Action
Ryerson Holding Corp (NYSE: RYI) stock declined by -3.0% on 6/21/24. The shares closed at $19.65. Moreover, this decline was accompanied by exceptionally high trading volume at 322% of normal. The stock has been weak relative to the market over the last nine months and has declined -7.5% during the last week.
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