On 11/6/24, Schnitzer Steel Industries Inc (NASDAQ: RDUS) stock enjoyed a major increase of 20.7%, closing at $20.49. Moreover, this advance was accompanied by exceptionally high trading volume at 259% of normal. The stock has risen 19.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SCHN is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Schnitzer Steel Industries has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Schnitzer Steel Industries has a neutral Appreciation Score of 53 but a poor Power Rating of 18, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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