Steelcase, Inc (NYSE:SCS) shares, rose in value on Friday, January 03, with the stock price down by -0.43% to the previous day’s close as strong demand from buyers drove the stock to $11.61.
Actively observing the price movement in the last trading, the stock closed the session at $11.66, falling within a range of $11.435 and $11.729. The value of beta (5-year monthly) was 1.326 whereas the PE ratio was 12.16 over 12-month period. Referring to stock’s 52-week performance, its high was $14.74, and the low was $11.47. On the whole, SCS has fluctuated by -14.13% over the past month.
With the market capitalization of Steelcase, Inc currently standing at about $1.32 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 4.31%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.17B, with a low estimate of 775M and a high estimate of 828M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 790.9M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SCS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.22, with the price of SCS currently trading nearly -6.81% and -9.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.24, while the 7-day volatility ratio is showing 2.45% which for the 30-day chart, stands at 3.02%. Furthermore, Steelcase, Inc (SCS)’s beta value is 1.34, and its average true range (ATR) is 0.38.
A comparison of Steelcase, Inc (SCS) with its peers suggests the former has fared considerably weaker in the market. SCS showed an intraday change of -0.43% in last session, and over the past year, it shrunk by -11.37%%.
Data on historical trading for Steelcase, Inc (NYSE:SCS) indicates that the trading volumes over the past 10 days have averaged 0.79 and over the past 3 months, they’ve averaged 539.80K. According to company’s latest data on outstanding shares, there are 94.08 million shares outstanding.
Nearly 25.48% of Steelcase, Inc’s shares belong to company insiders and institutional investors own 73.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.57 million shares as on 2024-11-29, resulting in a short ratio of 3.02. According to the data, the short interest in Steelcase, Inc (SCS) stood at 191.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 1.88 million. The stock has fallen by -1.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SCS stock heading into the next quarter.
