Growing Through Challenges? – Ryerson Holding Corp. (RYI)

Currently, there are 34.04M common shares owned by the public and among those 28.17M shares have been available to trade.

The company’s stock has a 5-day price change of -1.18% and -15.71% over the past three months. RYI shares are trading -42.27% year to date (YTD), with the 12-month market performance down to -33.86% lower. It has a 12-month low price of $17.57 and touched a high of $36.20 over the same period. RYI has an average intraday trading volume of 392.46K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.73%, -3.06%, and -27.91% respectively.

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Institutional ownership of Ryerson Holding Corp. (NYSE: RYI) shares accounts for 86.24% of the company’s 34.04M shares outstanding.

It has a market capitalization of $664.66M and a beta (3y monthly) value of 1.58. The stock’s trailing 12-month PE ratio is 11.06, while the earnings-per-share (ttm) stands at $1.81. The company has a PEG of 35.66 and a Quick Ratio of 1.11 with the debt-to-equity ratio at 1.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.93% over the week and 3.68% over the month.

Earnings per share for the fiscal year are expected to decrease by -93.75%, and 556.86% over the next financial year. EPS should shrink at an annualized rate of 0.31% over the next five years, compared to 7.80% over the past 5-year period.

Looking at the support for the RYI, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on July 05, 2023, with the firm’s price target at $45. BMO Capital Markets coverage for the Ryerson Holding Corp. (RYI) stock in a research note released on August 15, 2022 offered a Outperform rating with a price target of $35. KeyBanc Capital Mkts on their part issued Sector Weight rating on November 21, 2017.

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