Market Updates

Analyst Buzz: AK Steel Holding Corporation (NYSE:AKS)

AK Steel Holding Corporation (NYSE:AKS) share price soared 8.60% or 0.54 points to reach at $6.82 during previous trading session. The stock’s price fluctuated within the range of $6.41 – $6.84 during previous trading session. A total of 31.97M shares exchanged hands, whereas the company’s average trading volume stands at 21.22M shares. AK Steel Holding Corporation (NYSE:AKS) has a market capitalization of $2.13B and most recently 314.79M outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for AK Steel Holding Corporation (NYSE:AKS) is at 43.43.

According to sentiments of 12 analysts the mean estimates of short term price target for the company’s stock is marked at $9.61. The most optimistic analyst sees the stock reaching $13.00 while the most conventional predicts the target price at $7.30.

The consensus means EPS for the current quarter is at $0.15 derived from a total of 14 estimates. According to analysts minimum EPS for the current quarter is expected at $0.07 and can go high up to $0.23. However a year ago during same quarter AK Steel Holding Corporation (NYSE:AKS) reported -$0.08 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.23 per share according to consensus of 13 analysts.

According to sentiments of 9 analysts the company is expected to report revenues of $1.48B for the current quarter. Bearish revenue estimates established at $1.4B while the bullish revenue forecast has been figured out at $1.54B.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.09 on the shares of AK Steel Holding Corporation (NYSE:AKS). Out of rating recommendations 2 have given the stock a Buy while 0 recommend the stock as Outperform. 11 have given the stock a Hold rating, 0 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. AK Steel Holding Corporation (NYSE:AKS) distance from 20 day simple moving average is -2.62% whereas its distance from 50 day simple moving average is -12.17% along with -3.40% distance from 200 day simple moving average.

An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. AK Steel Holding Corporation (NYSE:AKS) shares were trading -40.12% below from the 52-week high mark of $11.39 and 106.04% above from the 52-week bottom of $3.31. The stock hit its 52-week high price on 12/08/16, and 52-week low price on 05/19/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 3.65% in the past one week and plunged -7.96% during previous one month drive, the stock went down -28.38% during past quarter. In the last six months the stock’s performance soared 47.30% while yearly performance of the company advanced 37.50%. The company’s year to date (YTD) performance is at -32.20%.

While taking a glance at financials, we can look at a number of key indicators. AK Steel Holding Corporation (NYSE:AKS) has a Return on Assets (ROA) of -0.20%. The company currently has a Return on Equity (ROE) of 1.20% and a Return on Investment (ROI) of 14.70%. Average true range (ATR-14) of the company sets at 0.44, along with its weekly and monthly volatility of 5.55%, 5.95% respectively. Beta value of the stock stands at 2.84.

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