The Vanguard Group, Inc. has recently announced that it has increased stake in Companhia Siderurgica Nacional ADR (NYSE:SID) by 3.38%. After grabbing 4.85 million shares, the institutional investor is now in possession of 0.16 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 0.37% having worth around $15.95 million. Moreover, Merrill Lynch International increased its share by 1.82 million to have a control over 1.82 million shares. And NFJ Investment Group LLC raised its holdings to 0.17 million shares by acquiring 1.69 million shares or 0.13% of the stake.
Companhia Siderurgica Nacional ADR (SID) concluded trading on 12/28/23 at a closing price of $3.99, with 2.56 million shares of worth about $10.2 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.78% during that period and on Thursday the price saw a loss of about -0.25%. Currently the company’s common shares owned by public are about 1.33B shares, out of which, 1.33B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the SID stock and their offered price forecasts bring an average price target of $16.01. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $21.00 and could fall to a lowest price of $11.00. The stock’s current price level is -19.46% below of average price target set by the analysts, while a dip to estimated low would result in gain of 63.73% for the stock. However, touching the estimated high of $21.00 would mean a gain of 81.0% for the stock.
DFA Emerging Markets Core Equity, Vanguard Emerging Markets Stock I, and Vanguard Total International Stoc are the top 3 mutual funds which are holding stakes in Companhia Siderurgica Nacional ADR DFA Emerging Markets Core Equity is currently holding 2.82 million shares of worth totaling $9.27 million. The company recently came buying 0.0 shares which brought its stake up to 0.21% of the company’s outstanding shares. Vanguard Total International Stoc, after buying 1.59 million shares, have now control over 0.12% of the stake in the company. It holds 0.0 shares of worth $5.23 million.
Companhia Siderurgica Nacional ADR (NYSE: SID) started trading at $3.97, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 4.0100, or with a loss of -0.25%. Stock saw a price change of 8.72% in past 5 days and over the past one month there was a price change of 22.02%. Year-to-date (YTD), SID shares are showing a performance of 50.24% which increased to 49.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.11 but also hit the highest price of $4.03 during that period. The average intraday trading volume for Companhia Siderurgica Nacional ADR shares is 2.09 million. The stock is currently trading 11.61% above its 20-day simple moving average (SMA20), while that difference is up 33.43% for SMA50 and it goes to 46.11% higher than SMA200.
The Vanguard Group, Inc. acquired 4.85 million shares of Companhia Siderurgica Nacional ADR having value of about $15.95 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.16 million shares in the company valued at close to $631804.53, or have control over 3.38% stake in the company. Companhia Siderurgica Nacional ADR (NYSE: SID) currently have 1.33B outstanding shares and institutions hold larger chunk of about 2.48% of that. Holding of mutual funds in the company is about 1.16% while other institutional holders and individual stake holders have control over 1.32% and — of the stake respectively.
The stock has a current market capitalization of $5.29B and its 3Y-monthly beta is at 2.12. It has posted earnings per share of -$0.13 in the same period. It has Quick Ratio of 1.08 while making debt-to-equity ratio of 2.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SID, volatility over the week remained 1.65% while standing at 2.44% over the month.
Analysts are in expectations that Companhia Siderurgica Nacional ADR (SID) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.37 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.03 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -116.93% while it is estimated to increase by 1010.61% in next year. EPS is likely to shrink at an annualized rate of 3.91% for next 5-years, compared to annual growth of 148.36% made by the stock over the past 5-years.
Analysts at 9 brokerage firms have issued recommendations for the Companhia Siderurgica Nacional ADR (SID)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 9 Wall Street analysts, 2 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
