While Steelcase, Inc has overperformed by 1.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SCS fell by -7.70%, with highs and lows ranging from $14.74 to $9.31, whereas the simple moving average fell by -6.03% in the last 200 days.
On October 09, 2024, Noble Capital Markets started tracking Steelcase, Inc (NYSE: SCS) recommending Outperform. A report published by The Benchmark Company on November 30, 2022, Downgraded its rating to ‘Hold’ for SCS. Sidoti also Upgraded SCS shares as ‘Buy’, setting a target price of $11 on the company’s shares in a report dated October 04, 2022. Berenberg initiated its ‘Buy’ rating for SCS, as published in its report on May 11, 2021. The Benchmark Company’s report from May 07, 2021 suggests a price prediction of $17 for SCS shares, giving the stock a ‘Buy’ rating. Sidoti also rated the stock as ‘Buy’.
Analysis of Steelcase, Inc (SCS)
It’s important to note that SCS shareholders are currently getting $0.40 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 7.11%, showing a positive trend in the upcoming months.
Steelcase, Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 12.87% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.15, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and SCS is registering an average volume of 817.23K. On a monthly basis, the volatility of the stock is set at 3.61%, whereas on a weekly basis, it is put at 2.46%, with a loss of -2.76% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.25, showing growth from the present price of $10.91, which can serve as yet another indication of whether SCS is worth investing in or should be passed over.
How Do You Analyze Steelcase, Inc Shares?
A giant in the Furnishings, Fixtures & Appliances market, Steelcase, Inc (SCS) is based in the USA. When comparing Steelcase, Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.57, there is a growth in quarterly earnings of 24.84%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 25.09%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SCS shares are owned by institutional investors to the tune of 73.50% at present.
