Nucor Corp (NUE) concluded trading on Thursday at a closing price of $131.41, with 2.7 million shares of worth about $354.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.74% during that period and on December 12, 2024 the price saw a loss of about -5.08%. Currently the company’s common shares owned by public are about 234.81M shares, out of which, 233.30M shares are available for trading.
Stock saw a price change of -9.73% in past 5 days and over the past one month there was a price change of -14.61%. Year-to-date (YTD), NUE shares are showing a performance of -24.49% which decreased to -19.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $133.42 but also hit the highest price of $203.00 during that period. The average intraday trading volume for Nucor Corp shares is 1.87 million. The stock is currently trading -11.09% below its 20-day simple moving average (SMA20), while that difference is down -12.15% for SMA50 and it goes to -18.74% lower than SMA200.
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Nucor Corp (NYSE: NUE) currently have 234.81M outstanding shares and institutions hold larger chunk of about 78.91% of that.
The stock has a current market capitalization of $30.86B and its 3Y-monthly beta is at 1.57. PE ratio of stock for trailing 12 months is 12.70, while it has posted earnings per share of $10.35 in the same period. Its PEG reads 19.87 and has Quick Ratio of 1.61 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NUE, volatility over the week remained 3.22% while standing at 2.79% over the month.
Stock’s fiscal year EPS is expected to drop by -53.03% while it is estimated to increase by 6.50% in next year. EPS is likely to shrink at an annualized rate of 0.64% for next 5-years, compared to annual growth of 19.38% 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 UBS on Dec-13-24 offering a Neutral rating for the stock and assigned a target price range of between $171 and $156 to it. Coverage by Goldman stated Nucor Corp (NUE) stock as a Buy in their note to investors on December 02, 2024, suggesting a price target of $190 for the stock. On September 09, 2024, JP Morgan Upgrade their recommendations, while on August 15, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $176. Stock get a Hold rating from Jefferies on May 20, 2024.
