Steel Dynamics, Inc. shares have been in strong demand lately. The technical chart pattern looks positive which may give rise to new gains. Investors have an opportunity to buy the stock and target the $ 47.36.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
As regards fundamentals, the enterprise value to sales ratio is at 1.09 for the current period. Therefore, the company is undervalued.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
For the past twelve months, EPS forecast has been revised upwards.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
The stock is in a well-established, long-term rising trend above the technical support level at 27.41 USD
The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
ę MarketScreener.com 2021
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