Recent important negative changes in fundamentals have affected Steel Dynamics Inc (NASDAQ: STLD): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Important negative changes in Steel Dynamics Inc (NASDAQ: STLD) investment behavior have recently occurred: the stock fell on very heavy volume.
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
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 C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Steel Dynamics has a good Appreciation Score of 80 but a slightly negative Power Rating of 34, triggering the Neutral Value Trend Rating.
Recent Price Action
Steel Dynamics Inc (NASDAQ: STLD) stock declined slightly by -0.2% on 9/20/24. The stock closed at $119.83. Moreover, this decline was accompanied by exceptionally high trading volume at 485% of normal. The stock has performed in line with the market over the last nine months and has risen 8.4% during the last week.
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