Olympic Story

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ZEUS -- USA Stock  

USD 28.26  0.26  0.91%

The predictive indicators we use to evaluate Olympic help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Olympic Steel. We apply different methods to arrive at the intrinsic value of Olympic based on widely used predictive technical indicators. Let's try to sum up what's happening with Olympic Steel amid unprecedented political, and economic uncertainty.
Published over three weeks ago
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Chances of Olympic Steel (NASDAQ:ZEUS) to fall in April.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Olympic Steel has an asset utilization ratio of 239.55 percent. This connotes that the company is making $2.4 for each dollar of assets. An increasing asset utilization means that Olympic Steel is more efficient with each dollar of assets it utilizes for everyday operations.
The successful prediction of Olympic Steel stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Olympic Steel, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Olympic Steel based on Olympic Steel hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Olympic Steel's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Olympic Steel's related companies.

Use Technical Analysis to project Olympic expected Price

Olympic Steel 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.
A focus of Olympic Steel technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Olympic Steel trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

How Olympic utilizes its cash?

To perform a cash flow analysis of Olympic Steel, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Olympic Steel is receiving and how much cash it distributes out in a given period. The Olympic Steel cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Olympic Steel Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Olympic Steel reported last year Net Cash Flow from Operations of 61.65 Million

Detailed Outlook On Olympic Steel

Olympic Steel reported the previous year's revenue of 1.23 B. Net Loss for the year was (5.59 M) with profit before overhead, payroll, taxes, and interest of 255.04 M.

Cost of Revenue Breakdown

Olympic Steel Cost of Revenue yearly trend continues to be relatively stable with very little volatility. Cost of Revenue is likely to drop to about 765.3 M. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. Olympic Steel Cost of Revenue is relatively stable at the moment as compared to the past year. Olympic Steel reported last year Cost of Revenue of 847.99 Million
2010
2011
2012
2013
2014
2015
2020
2021
2010302.06 Million
20111.01 Billion
20121.11 Billion
2013999.21 Million
20141.16 Billion
2015942.21 Million
2020847.99 Million
2021765.29 Million

Can Olympic Steel build up on the latest spike?

Latest sortino ratio is at 0.23. Olympic Steel shows above-average downside volatility for the selected time horizon. We advise investors to inspect Olympic Steel further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Olympic Steel future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Olympic Steel's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Olympic Steel's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Conclusion on Olympic Steel

While many other companies under the steel industry are still a bit expensive, Olympic Steel may offer a potential longer-term growth to retail investors. To conclude, as of the 27th of March 2021, our analysis shows that Olympic Steel hyperactively responds to market trends. The enterprise is overvalued and projects low chance of distress for the next 2 years. However, our overall 30 days 'Buy-vs-Sell' recommendation on the enterprise is Buy.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Olympic Steel. Please refer to our Terms of Use for any information regarding our disclosure principles.

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