Steelcase Inc. (NYSE:SCS) went down by -2.47% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Business Equipment & Supplies giant went up by $12.23 to trade ended Wednesday trading at $12.54. This is down from the $12.54 price recorded on Tuesday’s trading session. Thanks to this latest performance, SCS is closer to the higher price 52-week target of $14.00 and further from the lowest price target of $12.00. Its performance from the start of the year has also been negative, with SCS down by -40.22% year-to-date.
Steelcase Inc. (SCS) started the day trading at $12.7 and recorded an intraday high of $12.7. It also recorded an intraday low of $12.16 during Wednesday’s trading session. Steelcase Inc. is a very active stock that recorded a trading volume that is less than -47.28% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 646572, which is less than -47.28 of the total average daily trading volume of 952.27K.
Steelcase Inc. (NYSE:SCS) 2020 Performance Impressive
The increase in SCS’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SCS currently stands at $23.02, which is higher than the current trading price of the stock by 46.87%. However, SCS’s current trading price is -74.22% lower than the 52-week low price of $7.02. In terms of trading volume, Steelcase Inc. currently experienced healthy participation during the last trading session. 646572 shares of Steelcase Inc. were traded on the stock exchange on Wednesday, which is less than -47.28% of the 952.27K average trading volume of the stock.
The performance of the stock has been positive over the past year. SCS’s performance over the past one year has seen it plunge by -30.23%, while the stock has gone down by -36.00% in the last six months. The quarterly performance of SCS currently stands at 66.85%, and it is up by 10.08% in the last month. The only negative figure was from the weekly performance, which currently reads -5.05%. At the time of writing SCS’s report, the company has a total market cap of $1.35B, making it one of the largest publicly-traded companies in the world.Steelcase Inc. also has over 12700 employees all over the world.
SCS Insider Activities
For Steelcase Inc., insiders hold 95.90% of all company shares. The insider transactions over the past six months are up by 5.60%. During that period, insiders bought 546,616 shares in 31 transactions. In that same period, insiders sold 348,277 of their shares in 28 transactions. After these transactions, insiders at Steelcase Inc. now hold 5.76M shares, which is over 99.08% of the total company stocks. Institutional investors currently hold a large chunk of the SCS shares, as they control 5.02% of the company’s total stock.
SCS Fundamental Analysis
For Steelcase Inc., the stock’s diluted earnings per share (EPS) stands at 1.66. In the coming year, analysts expect the EPS to be 0.83. The stock’s EPS growth this year is 57.50%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Steelcase Inc.’s quarterly sales (YOY) is shrinking at -0.14, which is lower than the average annual revenue of 19.40% over the past half a decade.
The Return on Investment (ROI) on Steelcase Inc.’s stock currently stands at 14.50%, and it has a net profit margin of 5.30%. The operating margin of the company is 6.90%, and its gross margin is 32.60%.
SCS Analysts Prediction
Raymond James reiterate their Strong Buy position on the stock ($20 and $21)
At the moment, Steelcase Inc.’s Total Debt to Equity ratio stands at 0.50, and they have a long-term Debt to Equity ratio of 0.50.
SCS Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SCS currently stands at 0.02%, while the SMA50 is 12.26%. The biggest one is the SMA200, which is currently reading -22.04% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 53.50, while its price to earnings ratio (P/E) is 7.36.
