StepStone Group Inc (NASDAQ:STEP) shares, rose in value on Friday, January 24, with the stock price up by 0.31% to the previous day’s close as strong demand from buyers drove the stock to $64.41.
Actively observing the price movement in the last trading, the stock closed the session at $64.21, falling within a range of $61.7 and $64.65. The value of beta (5-year monthly) was 1.265 whereas the PE ratio was 103.85 over 12-month period. Referring to stock’s 52-week performance, its high was $70.38, and the low was $32.22. On the whole, STEP has fluctuated by 10.82% over the past month.
With the market capitalization of StepStone Group Inc currently standing at about $7.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.90, with its dividend yield at 1.40%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 879.41M, with a low estimate of 212.66M and a high estimate of 245M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 225.96M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STEP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.66, with the price of STEP currently trading nearly 6.51% and 3.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.70, while the 7-day volatility ratio is showing 2.91% which for the 30-day chart, stands at 2.77%. Furthermore, StepStone Group Inc (STEP)’s beta value is 1.32, and its average true range (ATR) is 1.98.
A comparison of StepStone Group Inc (STEP) with its peers suggests the former has fared considerably weaker in the market. STEP showed an intraday change of 0.31% in last session, and over the past year, it grew by 91.11%%.
Data on historical trading for StepStone Group Inc (NASDAQ:STEP) indicates that the trading volumes over the past 10 days have averaged 0.4 and over the past 3 months, they’ve averaged 580.77K. According to company’s latest data on outstanding shares, there are 72.68 million shares outstanding.
Nearly 13.87% of StepStone Group Inc’s shares belong to company insiders and institutional investors own 91.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.02 million shares as on 2024-12-31, resulting in a short ratio of 2.86. According to the data, the short interest in StepStone Group Inc (STEP) stood at 335.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 2.4 million. The stock has risen by 11.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STEP stock heading into the next quarter.
