Steelcase, Inc (NYSE:SCS) price on Friday, June 13, fall -3.24% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.16.
A look at the stock’s price movement, the close in the last trading session was $10.50. The PE ratio in trailing twelve months stood at 10.07. Turning to its 52-week performance, $14.74 and $9.31 were the 52-week high and 52-week low respectively. Overall, SCS moved -3.61% over the past month.
Steelcase, Inc’s market cap currently stands at around $1.17 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 0.40, with its dividend yield at 3.94%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend SCS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SCS’s current price about -1.85% and -0.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.03, while 7-day volatility ratio is 1.97% and 1.86% in the 30-day chart. Further, Steelcase, Inc (SCS) has a beta value of 1.13, and an average true range (ATR) of 0.29.
If we refocus on Steelcase, Inc (NYSE:SCS), historical trading data shows that trading volumes averaged 775.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 94.09 million shares.
The 25.72% of Steelcase, Inc’s shares are in the hands of company insiders while institutional holders own 74.40% of the company’s shares. Current price change has pushed the stock -14.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SCS stock continues to rise going into the next quarter.
