Acerinox (Spain) Today

ACX Stock  EUR 10.16  0.06  0.59%   

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Acerinox is trading at 10.16 as of the 29th of March 2024, a 0.59 percent increase since the beginning of the trading day. The stock's open price was 10.1. Acerinox has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Acerinox are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Acerinox, S.A., through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and rest of Europe. Acerinox, S.A. was founded in 1970 and is headquartered in Madrid, Spain. ACERINOX S operates under Steel classification in Spain and is traded on Madrid SE C.A.T.S.. The company has 259.7 M outstanding shares. More on Acerinox

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Acerinox Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Acerinox's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Acerinox or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO of Acerinox AustralasiaPatricia Magarzo
Business ConcentrationMaterials, Metals & Mining, Steel, Basic Materials (View all Sectors)
Acerinox (ACX) is traded on Madrid Exchange in Spain and employs 8,282 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.47 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Acerinox's market, we take the total number of its shares issued and multiply it by Acerinox's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Acerinox operates under Metals & Mining sector and is part of Materials industry. The entity has 259.7 M outstanding shares. Acerinox has accumulated about 1.01 B in cash with 387.81 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.72.
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Ownership Allocation
Acerinox holds a total of 259.7 Million outstanding shares. 30% of Acerinox outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Acerinox Ownership Details

Acerinox Stock Price Odds Analysis

What are Acerinox's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Acerinox jumping above the current price in 90 days from now is about 30.29%. The Acerinox probability density function shows the probability of Acerinox stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Acerinox has a beta of 0.2351. This suggests as returns on the market go up, Acerinox average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Acerinox will be expected to be much smaller as well. Additionally, acerinox has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 10.16HorizonTargetOdds Above 10.16
69.39%90 days
 10.16 
30.29%
Based on a normal probability distribution, the odds of Acerinox to move above the current price in 90 days from now is about 30.29 (This Acerinox probability density function shows the probability of Acerinox Stock to fall within a particular range of prices over 90 days) .

Acerinox Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Acerinox market risk premium is the additional return an investor will receive from holding Acerinox long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Acerinox. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Acerinox's alpha and beta are two of the key measurements used to evaluate Acerinox's performance over the market, the standard measures of volatility play an important role as well.

Acerinox Stock Against Markets

Picking the right benchmark for Acerinox stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Acerinox stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Acerinox is critical whether you are bullish or bearish towards Acerinox at a given time. Please also check how Acerinox's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Acerinox without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Acerinox Corporate Directors

Acerinox corporate directors refer to members of an Acerinox board of directors. The board of directors generally takes responsibility for the Acerinox's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Acerinox's board members must vote for the resolution. The Acerinox board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Braulio CamaraIndependent DirectorProfile
Oscar MartinDirector, Representative of Feynman Capital SL (Omega)Profile
Daniel ZempCommercial DirectorProfile
Ignacio VicenteIndependent DirectorProfile

How to buy Acerinox Stock?

Before investing in Acerinox, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Acerinox. To buy Acerinox stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Acerinox. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Acerinox stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Acerinox stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Acerinox stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Acerinox, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Acerinox?

The danger of trading Acerinox is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Acerinox is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Acerinox. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Acerinox is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acerinox. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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When running Acerinox's price analysis, check to measure Acerinox's 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 Acerinox is operating at the current time. Most of Acerinox's value examination focuses on studying past and present price action to predict the probability of Acerinox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acerinox's price. Additionally, you may evaluate how the addition of Acerinox to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Acerinox's value and its price as these two are different measures arrived at by different means. Investors typically determine if Acerinox is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acerinox's 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.