TimkenSteel Corporation (TMST) Is Touching $16.17: At This Price, The Risk Is Justified. – Stocks Register
Home  »  Companies   »  TimkenSteel Corporation (TMST) Is Touching $16.17:...

TimkenSteel Corporation (TMST) Is Touching $16.17: At This Price, The Risk Is Justified.

TimkenSteel Corporation (NYSE:TMST) concluded the trading at $16.17 on Thursday, January 13 with a fall of -3.41% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $16.74 and 5Y monthly beta was reading 1.96 with its price kept floating in the range of $16.065 and $17.13 on the day. Company’s P/E ratio for the trailing 12 months is 8.77. Considering stock’s 52-week price range provides that TMST hit a high price of $18.70 and saw its price falling to a low level of $4.78 during that period. Over a period of past 1-month, stock came adding 13.71% in its value.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


With its current market valuation of $752.39 million, TimkenSteel Corporation is set to declare its quarterly results on Feb 23, 2022 – Feb 28, 2022. Analysts are in estimates of $0.6 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $2.95 for 2021 with estimates of that growing to $2.63 in next year. These estimates are suggesting current year growth of 417.20% for EPS and -10.80% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $315.5 million. They suggested that in the process company could generate revenue of as low as $315.5 million which could climb up to $315.5 million to hit a high. The average estimate is representing an increase of 49.40% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $1.24 billion in 2021, which will be 49.40% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review TMST stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the TMST stock which is currently positioned at 0. It further provides that stock’s current price level is 0.43% away from its 20-day simple moving average and is 4.81% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 51.13 while volatility remained at 5.06% over the past week which changes to 5.31% when measuring it over the past month. Beta is valued at 1.96, while measure of average true range or ATR is currently at 0.83.

In comparing TimkenSteel Corporation (TMST)’s stock with other industry players reveals that stock’s current price change of -3.41% and that of 179.76% over the past 12 months is in competing position with that of Nucor Corporation (NUE) which saw its stock price fall by -1.74% in the last trading and went through an increase of 98.87% in past 12-month trading. Industry’s another major player Steel Dynamics Inc. (STLD) has fall -1.23% down in previous session, but over the past year has faced a rise of 55.57%, while Universal Stainless & Alloy Products Inc. (USAP) was also up 0.87% however its price remained floating in the green at 11.85% over the same period. TimkenSteel Corporation has a P/E ratio of 8.77 against that of Nucor Corporation’s 6.68 while Steel Dynamics Inc. is showing 5.66 for the same. On the other hand, the S&P 500 Index was down -1.42% in the last trading session while the Dow Jones Industrial closed the session lower at -0.49%.

Having a second look at TimkenSteel Corporation (NYSE:TMST) provides that stock’s average daily trading volume for 3 months was 675.02K, while it jumped to 0.81 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 46.20 million.

>> 7 Top Picks for the Post-Pandemic Economy <<

The percentage of outstanding shares held by the insiders is 0.50% while it is 77.00% for the institutional holders. The figures also indicate that as of Dec 14, 2021, number of stock’s short shares was 5.2 million which implies a short ratio of 7.96. This shows down a 11.25% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 5.32 million in the previous month. Subtraction of -2.00% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Videos

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam