The AK Steel Holding Corporation (NYSE:AKS) is going down by -0.85% in today’s trading session, a fall equivalent to -0.02% of the stock’s price from yesterday’s market close. A news came out on 07/29/19 stating that AK Steel Announces Second Quarter 2019 Financial Results by WSJ. The lowest point that the shares touched during the trading session was $2.33, while the peak of the day was recorded at a share price of $2.45. AKS finished the previous session at $2.36 according to the data provided by Barchart, while the trading volume was observed to be $1,874,951.
In the 100 days of trading, AKS managed to top a 2.35% Moving average. Additionally, AK Steel Holding Corporation shares have achieved a 52-week range between 1.66 and 5.11 alongside 100 days raw stochastic set at 48.54%.
The number of shares outstanding, according to the fundamentals of the company, is set at 315.80M, equal to the value of $745.29M in market capitalization. Financial analysts indicate that AKS shares should be still ranked as a “Hold”. In the last 30 days, AK Steel Holding Corporation shares went down by -23.27%, adding 3.03 to growth in value, on top of a +6.16% boost since 07/22/19.
AK Steel Holding Corporation (NYSE:AKS) Analyst’s Estimates
AK Steel Holding Corporation (AKS) could record at least $0.07 per share in quarterly earnings in the upcoming report on 10/29/2019, a number that would actually represent a decrease of -47.34% YOY.
According to the average analyst rating, AK Steel Holding Corporation would be rated as 3.23. Out of 13 different analysts monitoring AKS stock, 0 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 1 indicate that AKS is an OUTPERFORM, 1 rated the stock as a SELL, and 2 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-31-19, the stock earned a Reiterated rating due to a new analyst call from Cowen, while analysts from BofA/Merrill believe that the stock is set at Underperform, as concluded on May-31-19. Credit Suisse, is still rather wary about the stock, deciding to keep the rating at Underperform as confirmed through a call on May-23-19.
BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jan-30-19, giving the stock a Underperform from the Buy rating.
AKS Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +10.39% has been attained, while the operating margin has been recorded at +5.23%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 4.21%. Beta value of the stock is recorded at 3.05. Additionally, AK Steel Holding Corporation is recording price volatility of 6.17% for the period of the last seven days and 7.00% in the last 30 days.
AK Steel Holding Corporation (NYSE:AKS) Technical Outlook
For the period of the last 50 days, AK Steel Holding Corporation had its Raw Stochastic average set at 33.49% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 16.07%. Stochastic %K for AK Steel Holding Corporation, with the last 20 days included, was set at 20.83%, having Stochastic %D topping 21.63%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for AK Steel Holding Corporation stocks with recording -46.36% in metrics.
AK Steel Holding Corporation Insider Watch:
As far as the position of shares issued by AK Steel Holding Corporation (NYSE:AKS) for the period concluded at the market close of 08/21/19, 111 institutional investors increased their positions in AKS shares by 23,087,954, 92 decreased positions by 18,426,680 and 53 institutional investors decided to hold positions at 157,594,556. These numbers put the complete list of institutional holdings set at 199,109,190 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 30 institutional investments with 9,462,520 new shares in addition to having 34 institutional investors selling their positions in 4,063,950 shares.