Steel Connect, Inc. (STCN), a Integrated Freight & Logistics business, was a gaining stock in the previous trading session. Steel Connect, Inc. (STCN) shares opened at $0.5500 and closed the day at $0.6070 with positive move of +8.45%. The increase movement in Steel Connect, Inc. (STCN) beat the movement in the S&P 500 for the day which losed -2.05% in previous trading day.
Steel Connect, Inc. (STCN) is focused on the Integrated Freight & Logistics sector. This stock market sector has seen some volatility from investors in recent days. Bullish investors of Steel Connect, Inc. (STCN) will be looking for positive upcoming earnings whereas bearish investors of Steel Connect, Inc. (STCN) will be looking for negative earnings. The last time Steel Connect, Inc. (STCN) had an earnings surprise was on Qtr Ending 03/20 when they reported $0.90 compared to an estimate of $0.88 which was a difference of $+0.02 resulting in a change of +2.27%. Current earnings estimates are to be released for Current Qtr 06/2020 on Steel Connect, Inc. (STCN) and out of 6 Wall Street estimates the average is saying $0.97. The high estimate is saying $1.05 whereas the low estimate is saying $0.72 and the prior year Steel Connect, Inc. (STCN) announced earnings at $1.03 a growth rate est. (year over year) of -5.83%.
The market performance of Steel Connect, Inc. (STCN) has varied recently. Year to date Steel Connect, Inc. (STCN)’s shares are down -61.66%. Over the past 12 weeks Steel Connect, Inc. (STCN) is down -61.93% and over the last 4 weeks Steel Connect, Inc. (STCN) is down -19.29%. Steel Connect, Inc. (STCN) current income statement shows revenue (ttm) of $839.08M. Gross Profit is $152.75M. This puts the current EBITDA of Steel Connect, Inc. (STCN) at $46.2M.
Wall street investors might also notice recent changes to stock analyst estimates for Steel Connect, Inc. (STCN). The stock is trading with an RSI (relative strength index) of 35.81 indicating Steel Connect, Inc. (STCN) is neither overbought nor oversold. Technically, STCN’s short term support levels are around $14.51, $13.98 and $13.01 on the downside. STCNs short term resistance levels are $23.50, $22.70 and $22.24 on the upside. The market cap of Steel Connect, Inc. (STCN) is $37.862M and institutions hold 51.12% of the stock. The outstanding share count stands at 63.39M while the short float (shares short) stands at 0.08%.
Market research indicates that these earning estimate changes look to be directly correlated with short-term shares prices. The investors can look to capitalize on the basis of ranking. Based on technical analysis, STCN has short term rating of Neutral (-0.23), Intermediate rating of Bearish (-0.49) and the long-term rating of Bearish (-0.25) giving it an overall rating of Bearish (-0.32).
The EPS growth this year on Steel Connect, Inc. (STCN) is decreased -360.50%. However, quarterly earnings (EPS) growth year over year on Steel Connect, Inc. (STCN) has increased by 67.10% and quarterly revenue (Sales) growth year over year stands at 4.50%. Gross margin is detected at 19.50% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is -5.80% while return on equity (ttm) is -75.80%.
2020-03-12 – Steel Connect Reports Q2 Loss Per Share Of $0.07.
2020-01-02 – Steel Connect Unit Entered Into Revolving Credit & Security Agreement.
2019-12-10 – Steel Connect Reports First-Quarter Earnings Per Share Of $0.06.
2019-11-25 – Steel Connect, Inc. Appoints Maria Molland to the Board as A Class III Director, Effective December 1, 2019.
2019-11-01 – Steel Connect, Inc. Announces Executive Changes, Effective November 2, 2019.