Estimating Price Trends For Nucor Corp. (NYSE: NUE)

Nucor Corp. (NYSE:NUE) does about 1.33M shares in volume on a normal day but saw 1707008 shares change hands in Monday trading. The company now has a market cap of 37.72B USD. Its current market price is $157.31, marking a decrease of -2.29% compared to the previous close of $161.00. The 52 week high reached by this stock is $203.00 whilst the lowest price level in 52 weeks is $140.07.

Nucor Corp. (NUE) has a 20-day trading average at $168.35 and the current price is -22.51% off the 52-week high compared with 12.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $178.52 and its 200-day simple moving average is $171.39. If we look at the stock’s price movements over the week, volatility stands at 2.12%, which decreases to 1.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 27.43 to suggest the stock is oversold.

The consensus objective for the share price is $204.78, suggesting that the stock has a potential upside of 23.18% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 20, 2024 when Jefferies initiated the stock to “Hold” and issued a price target of $190. Citigroup upgraded the stock to “Buy” from Neutral on March 13, 2024 at a price target of $180-$240. UBS initiated its price target at $210.

Nucor Corp. (NUE) stock is down -5.70% over the week and -9.78% over the past month. Its price is -9.61% year-to-date and 7.13% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of 5.81 above consensus estimates by 0.28. The company’s next earnings report forecasts estimating quarterly EPS at 3.13 and 12.48 for whole year. Expected sales for next quarter are $7.94B, which analysts say will come at $31.64B for the current fiscal year and next year at $32.26B. In addition, estimates put the company’s current quarterly revenue at an average of $8.02B.

To reach the target analysts have set, the stock logically needs to grow 23.18 percent from here.

The company has a return on investment of 15.42% and return on equity of 21.23%. The price to earnings ratio (P/E ratio) amounts to 9.26 while the forward price to earnings ratio is 12.18. The beta has a value of 1.60. Price to book ratio is 1.82 and price to sales ratio is 1.10.