Do Investors Have Much Faith In Companhia Siderurgica Nacional ADR (NYSE: SID)

Companhia Siderurgica Nacional ADR (NYSE:SID) does about 2.43M shares in volume on a normal day but saw 2036085 shares change hands in Tuesday trading. The company now has a market cap of 3.05B USD. Its current market price is $2.30, marking no change compared to the previous close of $2.30. The 52 week high reached by this stock is $4.03 whilst the lowest price level in 52 weeks is $2.01.

Companhia Siderurgica Nacional ADR (SID) has a 20-day trading average at $2.32 and the current price is -42.93% off the 52-week high compared with 14.24% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.54 and its 200-day simple moving average is $2.95. If we look at the stock’s price movements over the week, volatility stands at 2.29%, which increases to 2.65% 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 41.05 to suggest the stock is neutral.

The consensus objective for the share price is $3.03, suggesting that the stock has a potential upside of 24.09% over the period.

Its price is -41.48% year-to-date and -6.93% 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 0.03 below consensus estimates by -0.08. The company’s next earnings report forecasts estimating quarterly EPS at 0.06 and 0.19 for whole year.

To reach the target analysts have set, the stock logically needs to grow 24.09 percent from here.

The company has a return on investment of 0.03% and return on equity of 0.09%. The price to earnings ratio (P/E ratio) amounts to 958.33 while the forward price to earnings ratio is 6.85. The beta has a value of 2.18. Price to book ratio is 0.88 and price to sales ratio is 0.34.