Look For Institutional Buying In Ryerson Holding Corp. (NYSE: RYI)

Ryerson Holding Corp. (RYI) concluded trading on Thursday at a closing price of $33.50, with 0.44 million shares of worth about $14.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.97% during that period and on March 28, 2024 the price saw a gain of about 1.79%. Currently the company’s common shares owned by public are about 34.04M shares, out of which, 28.97M shares are available for trading.

Stock saw a price change of 4.23% in past 5 days and over the past one month there was a price change of 6.65%. Year-to-date (YTD), RYI shares are showing a performance of -3.40% which decreased to -5.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.15 but also hit the highest price of $44.70 during that period. The average intraday trading volume for Ryerson Holding Corp. shares is 211.14K. The stock is currently trading 6.38% above its 20-day simple moving average (SMA20), while that difference is up 2.21% for SMA50 and it goes to 2.39% higher than SMA200.

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Ryerson Holding Corp. (NYSE: RYI) currently have 34.04M outstanding shares and institutions hold larger chunk of about 84.86% of that.

The stock has a current market capitalization of $1.14B and its 3Y-monthly beta is at 1.65. PE ratio of stock for trailing 12 months is 8.22, while it has posted earnings per share of $4.08 in the same period. Its PEG reads 26.51 and has Quick Ratio of 0.95 while making debt-to-equity ratio of 0.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RYI, volatility over the week remained 2.55% while standing at 2.76% over the month.

Analysts are in expectations that Ryerson Holding Corp. (RYI) stock would likely to be making an EPS of $0.53 in the current quarter, while forecast for next quarter EPS is $0.57 and it is $3.33 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.33 which is $0.73 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 $1.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -43.38% while it is estimated to increase by 45.67% in next year. EPS is likely to shrink at an annualized rate of 0.31% for next 5-years, compared to annual growth of 7.80% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on July 05, 2023 offering a Market perform rating for the stock and assigned a target price of $45 to it. Coverage by BMO Capital Markets stated Ryerson Holding Corp. (RYI) stock as an Outperform in their note to investors on August 15, 2022, suggesting a price target of $35 for the stock. Stock get a Sector weight rating from KeyBanc Capital Mkts on November 21, 2017.

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