Steel Connect Stock Price on November 7, 2024
| STCN Stock | USD 10.25 0.04 0.39% |
Below is the normalized historical share price chart for Steel Connect extending back to January 25, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Steel Connect stands at 10.25, as last reported on the 29th of November, with the highest price reaching 10.36 and the lowest price hitting 9.96 during the day.
If you're considering investing in Steel Stock, it is important to understand the factors that can impact its price. Steel Connect owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0175, which indicates the firm had a -0.0175% return per unit of risk over the last 3 months. Steel Connect exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steel Connect's Coefficient Of Variation of (1,671), variance of 9.63, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide.
At this time, Steel Connect's Common Stock Shares Outstanding is very stable compared to the past year. As of the 29th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 680.6 M, while Total Stockholder Equity is likely to drop about 146.5 M. . At this time, Steel Connect's Price To Operating Cash Flows Ratio is very stable compared to the past year. As of the 29th of November 2024, Price To Free Cash Flows Ratio is likely to grow to 4.71, while Price To Sales Ratio is likely to drop 0.44. Steel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 25th of January 1994 | 200 Day MA 10.9414 | 50 Day MA 10.3118 | Beta 0.201 |
Steel |
Sharpe Ratio = -0.0175
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Estimated Market Risk
| 2.98 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Steel Connect is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Steel Connect by adding Steel Connect to a well-diversified portfolio.
Price Book 0.4212 | Enterprise Value Ebitda 3.2206 | Price Sales 0.373 | Shares Float 2.2 M | Wall Street Target Price 22.5 |
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Steel Connect Valuation on November 7, 2024
It is possible to determine the worth of Steel Connect on a given historical date. On November 7, 2024 Steel was worth 10.11 at the beginning of the trading date compared to the closed value of 10.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Steel Connect stock. Still, in general, we apply an absolute valuation method to find Steel Connect's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Steel Connect where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Steel Connect's related companies.
| Open | High | Low | Close | Volume | |
| 10.31 | 10.65 | 10.20 | 10.30 | 33,865 | |
11/07/2024 | 10.11 | 10.94 | 10.11 | 10.60 | 22,395 |
| 10.49 | 10.50 | 10.30 | 10.50 | 2,813 |
| Backtest Steel Connect | | | Steel Connect History | | | Steel Connect Valuation | Previous | Next |
Steel Connect Trading Date Momentum on November 7, 2024
| On November 08 2024 Steel Connect was traded for 10.50 at the closing time. The top price for the day was 10.50 and the lowest listed price was 10.30 . The trading volume for the day was 2.8 K. The trading history from November 8, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.94% . The trading price change against the current closing price is 6.32% . |
Steel Connect Fundamentals Correlations and Trends
By evaluating Steel Connect's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Steel Connect's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Steel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Steel Connect Stock history
Steel Connect investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Steel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Steel Connect will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Steel Connect stock prices may prove useful in developing a viable investing in Steel Connect
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 28.6 M | 30 M | |
| Net Loss | -11.8 M | -11.2 M |
Steel Connect Stock Technical Analysis
Steel Connect technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Steel Connect Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Steel Connect cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Steel Connect November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Steel Connect stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Steel Connect shares will generate the highest return on investment. By undertsting and applying Steel Connect stock market strength indicators, traders can identify Steel Connect entry and exit signals to maximize returns
Steel Connect Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Steel Connect's price direction in advance. Along with the technical and fundamental analysis of Steel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Steel to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (2.41) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Data Processing & Outsourced Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steel Connect. If investors know Steel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steel Connect listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Earnings Share 3.11 | Revenue Per Share 28.001 | Quarterly Revenue Growth 0.124 | Return On Assets 0.0104 |
The market value of Steel Connect is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Connect's value that differs from its market value or its book value, called intrinsic value, which is Steel Connect's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steel Connect's market value can be influenced by many factors that don't directly affect Steel Connect's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steel Connect's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Connect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Connect's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.