Is Companhia Siderurgica Nacional ADR (NYSE: SID) Proving The Doubters Wrong?

Companhia Siderurgica Nacional ADR (SID) concluded trading on Thursday at a closing price of $1.86, with 3.51 million shares of worth about $6.53 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.96% during that period and on December 12, 2024 the price saw a loss of about -4.12%. Currently the company’s common shares owned by public are about 1.33B shares, out of which, 1.33B shares are available for trading.

Stock saw a price change of -1.06% in past 5 days and over the past one month there was a price change of -4.62%. Year-to-date (YTD), SID shares are showing a performance of -52.67% which decreased to -45.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.82 but also hit the highest price of $4.03 during that period. The average intraday trading volume for Companhia Siderurgica Nacional ADR shares is 2.25 million. The stock is currently trading -3.80% below its 20-day simple moving average (SMA20), while that difference is down -8.73% for SMA50 and it goes to -22.64% lower than SMA200.

Companhia Siderurgica Nacional ADR (NYSE: SID) currently have 1.33B outstanding shares and institutions hold larger chunk of about 2.68% of that.

The stock has a current market capitalization of $2.47B and its 3Y-monthly beta is at 2.12. It has posted earnings per share of -$0.19 in the same period. It has Quick Ratio of 0.93 while making debt-to-equity ratio of 3.91. 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 4.09% while standing at 3.59% over the month.

Stock’s fiscal year EPS is expected to drop by -178.24% while it is estimated to increase by 140.35% in next year.

On November 20, 2023, BofA Securities Upgrade their recommendations, while on July 10, 2023, Itau BBA Downgrade their ratings for the stock with a price target of $2.30. Stock get an Underperform rating from BofA Securities on August 26, 2022.

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