The trading price of Companhia Siderurgica Nacional ADR (NYSE:SID) closed higher on Monday, October 28, and closing at $2.13, 1.91% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.1 and $2.1483. In examining the 52-week price action we see that the stock hit a 52-week high of $4.03 and a 52-week low of $1.89. Over the past month, the stock has lost -13.41% in value.
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Companhia Siderurgica Nacional ADR, whose market valuation is $2.82 billion at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.2 per share this quarter, however they have predicted annual earnings per share of 0.15 for current year and 0.2 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 7.53B.
On the technical side, indicators suggest SID has a 75% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that SID’s price is currently -2.20% off the SMA20 and -2.33% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.94, and weekly volatility stands at 2.65%. When measured over the past 30 days, the indicator reaches 2.75%. Companhia Siderurgica Nacional ADR (NYSE:SID)’s beta value is currently sitting at 2.17, while the Average True Range indicator is currently displaying 0.07.
To see how Companhia Siderurgica Nacional ADR stock has been performing in comparison to its peers in the industry, here are the numbers: SID stock’s performance was 1.91% in the latest trading, and -0.34% in the past year.
An evaluation of the daily trading volume of Companhia Siderurgica Nacional ADR (NYSE:SID) indicates that the 3-month average is 1.84 million. However, this figure has increased over the past 10 days to an average of 1.98.
Currently, records show that 1.33 billion of the company’s shares remain outstanding. The insiders hold 0.01% of outstanding shares, whereas institutions hold 2.51%. The stats also highlight that short interest as of 2024-10-15, stood at 5.86 million shares, resulting in a short ratio of 2.45 at that time. From this, we can conclude that short interest is 91.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 7.38 million. However, since the stock’s price has seen -45.80% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
