Steel Connect Stock Crosses Above 200 Day Moving Average of 1.34
STCNDelisted Stock | USD 12.18 0.26 2.09% |
About 62% of Steel Connect's investor base is looking to short. The analysis of overall sentiment of trading Steel Connect stock suggests that many investors are alarmed at this time. Steel Connect's investing sentiment overview a quick insight into current market opportunities from investing in Steel Connect. Many technical investors use Steel Connect stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Steel |
Steel Connect, Inc. passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of 1.34 and traded as high as 1.36. Steel Connect shares last traded at 1.29, with a volume of 24,016 shares trading hands. Analyst Upgrades and Downgrades Separately, TheStreet raised
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Steel Connect Fundamental Analysis
We analyze Steel Connect's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Steel Connect using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Steel Connect based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Operating Margin
Operating Margin Comparative Analysis
Steel Connect is currently under evaluation in operating margin category among its peers. Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Steel Connect Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Steel Connect stock to make a market-neutral strategy. Peer analysis of Steel Connect could also be used in its relative valuation, which is a method of valuing Steel Connect by comparing valuation metrics with similar companies.
Peers
Steel Connect Related Equities
BAOS | Baosheng Media | 17.77 | ||||
ADV | Advantage Solutions | 3.70 | ||||
EVC | Entravision Communications | 2.61 | ||||
TSQ | Townsquare Media | 2.40 | ||||
CYGIY | CyberAgent | 0.88 | ||||
MGOL | MGO Global | 0 | ||||
DRCT | Direct Digital | 2.27 |
Check out World Market Map to better understand how to build diversified portfolios. 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. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Consideration for investing in Steel Stock
If you are still planning to invest in Steel Connect check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Steel Connect's history and understand the potential risks before investing.
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