Companhia Siderurgica Nacional [SID] gain 20.17% so far this year. What now?

 Companhia Siderurgica Nacional [SID] gain 20.17% so far this year. What now?

Companhia Siderurgica Nacional [NYSE: SID] traded at a high on 01/14/21, posting a 5.15 gain after which it closed the day’ session at $7.15. The company report on January 17, 2020 that CSN Resources S.A. Announces Tender Offer for Any and All of its 2020 Notes.

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Companhia Siderúrgica Nacional (“CSN”) (NYSE: SID) announced that its subsidiary, CSN Resources S.A. (“CSN Resources”), has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 6.50% Senior Unsecured Guaranteed Notes due 2020 (the “Notes”) (144A CUSIP / ISIN Nos. 12644VAA6 / US12644VAA61 and Reg S CUSIP / ISIN Nos. L21779AA8/USL21779AA88).

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The Notes are fully, unconditionally and irrevocably guaranteed by CSN.

The results of the trading session contributed to over 4565764 shares changing hands. Over the past one week, the price volatility of Companhia Siderurgica Nacional stands at 3.75% while the volatility over the past one month is 3.41%.

The market cap for SID stock reached $9.90 billion, with 1.38 billion shares outstanding and 649.81 million shares in the current float. Compared to the average trading volume of 2.64M shares, SID reached a trading volume of 4565764 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Companhia Siderurgica Nacional [SID]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SID shares is $2.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SID stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Companhia Siderurgica Nacional shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 15, 2020. The new note on the price target was released on September 02, 2020, representing the official price target for Companhia Siderurgica Nacional stock.

The Average True Range (ATR) for Companhia Siderurgica Nacional is set at 0.31, with the Price to Sales ratio for SID stock in the period of the last 12 months amounting to 2.00. The Price to Book ratio for the last quarter was 10.67, with the Price to Cash per share for the same quarter was set at 1.14. Price to Free Cash Flow for SID in the course of the last twelve months was 11.88 with Quick ratio for the last quarter at 1.10.

How has SID stock performed recently?

Companhia Siderurgica Nacional [SID] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.13. With this latest performance, SID shares gained by 34.40% in over the last four-week period, additionally plugging by 232.56% over the last 6 months – not to mention a rise of 106.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SID stock in for the last two-week period is set at 69.47, with the RSI for the last a single of trading hit 68.16, and the three-weeks RSI is set at 69.99 for Companhia Siderurgica Nacional [SID]. The present Moving Average for the last 50 days of trading for this stock 5.12, while it was recorded at 7.01 for the last single week of trading, and 3.01 for the last 200 days.

Companhia Siderurgica Nacional [SID]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Companhia Siderurgica Nacional [SID] shares currently have an operating margin of +17.04 and a Gross Margin at +31.28. Companhia Siderurgica Nacional’s Net Margin is presently recorded at +7.03.

Return on Total Capital for SID is now 11.03, given the latest momentum, and Return on Invested Capital for the company is 5.48. Return on Equity for this stock inclined to 18.95, with Return on Assets sitting at 3.64. When it comes to the capital structure of this company, Companhia Siderurgica Nacional [SID] has a Total Debt to Total Equity ratio set at 279.54. Additionally, SID Total Debt to Total Capital is recorded at 73.65, with Total Debt to Total Assets ending up at 55.91. Long-Term Debt to Equity for the company is recorded at 228.81, with the Long-Term Debt to Total Capital now at 60.29.

Reflecting on the efficiency of the workforce at the company, Companhia Siderurgica Nacional [SID] managed to generate an average of $46,707 per employee. Receivables Turnover for the company is 7.28 with a Total Asset Turnover recorded at a value of 0.52.Companhia Siderurgica Nacional’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.

Earnings analysis for Companhia Siderurgica Nacional [SID]

With the latest financial reports released by the company, Companhia Siderurgica Nacional posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 41.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SID. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Companhia Siderurgica Nacional go to -3.31%.

Insider trade positions for Companhia Siderurgica Nacional [SID]

There are presently around $318 million, or 2.70% of SID stock, in the hands of institutional investors. The top three institutional holders of SID stocks are: CAPITAL GROWTH MANAGEMENT LP with ownership of 9,400,000, which is approximately New of the company’s market cap and around 54.50% of the total institutional ownership; CGM TRUST, holding 9,400,000 shares of the stock with an approximate value of $67.21 million in SID stocks shares; and VANGUARD GROUP INC, currently with $53.35 million in SID stock with ownership of nearly -3.028% of the company’s market capitalization.

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Positions in Companhia Siderurgica Nacional stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 39 institutional holders increased their position in Companhia Siderurgica Nacional [NYSE:SID] by around 20,800,746 shares. Additionally, 34 investors decreased positions by around 4,454,471 shares, while 15 investors held positions by with 19,203,491 shares. The mentioned changes placed institutional holdings at 44,458,708 shares, according to the latest SEC report filing. SID stock had 16 new institutional investments in for a total of 20,274,055 shares, while 10 institutional investors sold positions of 266,981 shares during the same period.

An article written by Edison Baldwin on

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