Steel Connect Stock Today
| STCN Stock | USD 10.00 0.34 3.29% |
Performance0 of 100
| Odds Of DistressLess than 2
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Steel Connect is selling at 10.00 as of the 22nd of November 2024; that is 3.29 percent decrease since the beginning of the trading day. The stock's open price was 10.34. Steel Connect has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Steel Connect are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain Commercial & Professional Services | IPO Date 25th of January 1994 | Category Industrials |
Steel Connect, Inc., together with its subsidiaries, provides direct marketing and supply chain services in the United States, Mainland China, and internationally. Steel Connect, Inc. was incorporated in 1986 and is headquartered in Smyrna, Tennessee. The company has 6.34 M outstanding shares of which 10.72 K shares are at this time shorted by private and institutional investors with about 0.91 trading days to cover. More on Steel Connect
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Steel Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO Corporation | Fawaz Khalil | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Data Processing & Outsourced Services, Commercial & Professional Services, Industrials, NASDAQ Composite, Industrials, Professional Services, Advertising Agencies, Communication Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsSteel Connect can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Steel Connect's financial leverage. It provides some insight into what part of Steel Connect's total assets is financed by creditors.
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Steel Connect (STCN) is traded on NASDAQ Exchange in USA. It is located in 590 Madison Avenue, New York, NY, United States, 10022 and employs 939 people. Steel Connect is listed under Data Processing & Outsourced Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 65.49 M. Steel Connect conducts business under Professional Services sector and is part of Industrials industry. The entity has 6.34 M outstanding shares of which 10.72 K shares are at this time shorted by private and institutional investors with about 0.91 trading days to cover.
Steel Connect currently holds about 49.91 M in cash with 21.85 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.84.
Check Steel Connect Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Steel Connect is $65.49 Million. Over half of Steel Connect's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Note, that even with substantial debt, if the true value of the company is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
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Steel Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Blackrock Inc | 2024-06-30 | 9.7 K | |
| Compagnie Lombard, Odier Sca | 2024-09-30 | 84.0 | |
| Bank Of America Corp | 2024-06-30 | 83.0 | |
| Royal Bank Of Canada | 2024-06-30 | 72.0 | |
| Jpmorgan Chase & Co | 2024-06-30 | 8.0 | |
| Crédit Agricole S.a. | 2024-06-30 | 3.0 | |
| Ubs Group Ag | 2024-06-30 | 1.0 | |
| Sontag Advisory Llc | 2024-06-30 | 0.0 | |
| Summit Trail Advisors, Llc | 2024-06-30 | 0.0 | |
| Steel Partners Holdings Lp | 2024-06-30 | 3.1 M | |
| Gabelli Funds Llc | 2024-09-30 | 238.5 K |
Steel Connect Historical Income Statement
Steel Stock Against Markets
Steel Connect Corporate Management
| Michael Macmanus | General VP | Profile | |
| Glenn Brower | Vice Sales | Profile | |
| Joseph Sherk | Advisor | Profile | |
| Jason Wong | Chief Officer | Profile | |
| Tim Barclay | Chief Officer | Profile |
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.