Steel Dynamics (STLD) Stock Price

Financial Performance

Steel Dynamics' revenue last quarter was $4.3B, a decrease of -6.3% from the previous quarter. This trend raises some concerns about the company's growth potential in the near term. The gross profit was $620.5M, down by -19.1% from the previous quarter and -14.1% YoY, suggesting that profitability is decreasing at a significant rate. Operating income also decreased by -29.3% QoQ and -23.7% YoY to $395.4M which indicates declining operational efficiency.

The EBITDA ratio stands at 0.04, which may suggest that the company's profitability isn't strong compared to its total operating cost.

Stock Price

The stock price is currently trading at $139.41 with an increase of 8.5% over the last month and 27% YoY indicating a bullish trend in the market for Steel Dynamics' shares.

The RSI value of 51 suggests that it's neither overbought nor oversold while its PE ratio is modestly valued at 12.54 compared to industry peers.

Alternative Data Signals

Web traffic has seen a decline both MoM (-15%) and YoY (-13%), potentially indicating lower interest or engagement with their products/services online.

The number of job openings has increased significantly (106%), possibly suggesting expansion or high employee turnover rates; either scenario could have implications for future performance.

A positive business outlook reported by an estimated 83% of employees can be considered as a positive signal for future business performance despite it being slightly lower than last year's percentage.

Conclusion

Given the mixed signals in financial performance, stock price trend and alternative data signals, the analysis is neutral towards Steel Dynamics' stock. While there are positive signs in terms of stock price and business outlook, concerns remain about its declining revenue and gross profit.

Note: This AI Stock Analysis is based on data as of November 16. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Steel Dynamics (STLD), currently trading at $123.1, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.