Steel Dynamics Stock Price on April 28, 2024
| STLD Stock | USD 135.07 0.22 0.16% |
Below is the normalized historical share price chart for Steel Dynamics extending back to November 22, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Steel Dynamics stands at 135.07, as last reported on the 15th of May 2024, with the highest price reaching 136.37 and the lowest price hitting 134.80 during the day.
If you're considering investing in Steel Stock, it is important to understand the factors that can impact its price. We consider Steel Dynamics very steady. Steel Dynamics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0972, which indicates the firm had a 0.0972% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Steel Dynamics, which you can use to evaluate the volatility of the company. Please validate Steel Dynamics' Risk Adjusted Performance of 0.0561, semi deviation of 1.58, and Coefficient Of Variation of 1245.99 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%.
At present, Steel Dynamics' Common Stock Shares Outstanding is projected to decrease significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 15.7 B, whereas Common Stock Total Equity is forecasted to decline to about 645.6 K. . At present, Steel Dynamics' Price Book Value Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price To Free Cash Flows Ratio is expected to grow to 11.09, whereas Price Earnings To Growth Ratio is projected to grow to (0.25). Steel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 21st of November 1996 | 200 Day MA 118.041 | 50 Day MA 137.9702 | Beta 1.482 |
Steel |
Sharpe Ratio = 0.0972
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Estimated Market Risk
| 1.58 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Steel Dynamics is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Steel Dynamics by adding it to a well-diversified portfolio.
Price Book 2.5051 | Enterprise Value Ebitda 6.204 | Price Sales 1.1818 | Shares Float 146.5 M | Dividend Share 1.735 |
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Steel Dynamics Valuation on April 28, 2024
It is possible to determine the worth of Steel Dynamics on a given historical date. On April 28, 2024 Steel was worth 133.0 at the beginning of the trading date compared to the closed value of 134.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Steel Dynamics stock. Still, in general, we apply an absolute valuation method to find Steel Dynamics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Steel Dynamics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Steel Dynamics' related companies.
| Open | High | Low | Close | Volume | |
| 129.16 | 133.20 | 127.05 | 133.03 | 1,447,885 | |
04/26/2024 | 133.00 | 136.28 | 133.00 | 134.04 | 1,053,994 |
| 134.10 | 135.19 | 133.29 | 135.07 | 975,317 |
| Backtest Steel Dynamics | | | Steel Dynamics History | | | Steel Dynamics Valuation | Previous | Next |
Steel Dynamics Trading Date Momentum on April 28, 2024
| On April 29 2024 Steel Dynamics was traded for 135.07 at the closing time. The top price for the day was 135.19 and the lowest listed price was 133.29 . The trading volume for the day was 975.3 K. The trading history from April 29, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 0.77% . The trading price change against the current closing price is 1.58% . |
Steel Dynamics Fundamentals Correlations and Trends
By evaluating Steel Dynamics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Steel Dynamics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Steel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Steel Dynamics Stock history
Steel Dynamics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Steel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Steel Dynamics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Steel Dynamics stock prices may prove useful in developing a viable investing in Steel Dynamics
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 167.4 M | 228 M | |
| Net Income Applicable To Common Shares | 4.4 B | 4.7 B |
Steel Dynamics Quarterly Net Working Capital |
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Steel Dynamics Stock Technical Analysis
Steel Dynamics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Steel Dynamics Period Price Range
Low | April 26, 2024
| High |
133.00 | 134.04 |
Steel Dynamics May 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Steel Dynamics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Steel Dynamics shares will generate the highest return on investment. By undertsting and applying Steel Dynamics stock market strength indicators, traders can identify Steel Dynamics entry and exit signals to maximize returns
| Accumulation Distribution | 25367.63 | |||
| Daily Balance Of Power | 0.3171 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 134.64 | |||
| Day Typical Price | 134.44 | |||
| Price Action Indicator | (0.08) | |||
| Period Momentum Indicator | 1.03 |
Steel Dynamics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Steel Dynamics' price direction in advance. Along with the technical and fundamental analysis of Steel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Steel to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0561 | |||
| Jensen Alpha | 0.024 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0311 | |||
| Treynor Ratio | 0.0896 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Dynamics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Steel Stock analysis
When running Steel Dynamics' price analysis, check to measure Steel Dynamics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Steel Dynamics is operating at the current time. Most of Steel Dynamics' value examination focuses on studying past and present price action to predict the probability of Steel Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Dynamics' price. Additionally, you may evaluate how the addition of Steel Dynamics to your portfolios can decrease your overall portfolio volatility.
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Is Steel Dynamics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steel Dynamics. If investors know Steel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steel Dynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 1.735 | Earnings Share 14.61 | Revenue Per Share 113.864 | Quarterly Revenue Growth (0.04) |
The market value of Steel Dynamics is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Steel Dynamics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steel Dynamics' market value can be influenced by many factors that don't directly affect Steel Dynamics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steel Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Dynamics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.