On 11/6/24, Steel Dynamics Inc (NASDAQ: STLD) stock enjoyed a major increase of 13.8%, closing at $154.32. Moreover, this advance was accompanied by exceptionally high trading volume at 304% of normal. The stock has risen 14.2% during the last week but has been weak relative to the market over the last nine months.
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 (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Steel Dynamics has a good Appreciation Score of 75 but a poor Power Rating of 17, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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