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NASDAQ:STCN

Steel Connect (STCN) Stock Price, News & Analysis

Steel Connect logo
$12.50 +0.16 (+1.30%)
(As of 12/20/2024 05:16 PM ET)

About Steel Connect Stock (NASDAQ:STCN)

Key Stats

Today's Range
$12.29
$12.50
50-Day Range
$9.52
$12.56
52-Week Range
$7.36
$13.00
Volume
10,923 shs
Average Volume
14,205 shs
Market Capitalization
$79.20 million
P/E Ratio
4.07
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Steel Connect, Inc., together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services. The company provides fulfillment services comprising order management, pick, pack and ship, retail compliance, and demand planning services; and reverse logistics services that simplifies the returns process for retailers and manufacturers, as well as operates a cloud-based e-commerce platform. In addition, it offers warehousing and inventory management services; and software licenses, maintenance, and support services. Further, the company offers its supply chain services to customers in the consumer electronics, communications, computing, medical devices, software, and retail markets. The company was formerly known as ModusLink Global Solutions, Inc. and changed its name to Steel Connect, Inc. in February 2018. Steel Connect, Inc. was incorporated in 1986 and is headquartered in New York, New York.

Steel Connect Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
21st Percentile Overall Score

STCN MarketRank™: 

Steel Connect scored higher than 21% of companies evaluated by MarketBeat, and ranked 549th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Steel Connect.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Steel Connect is 4.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Steel Connect is 4.07, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 237.66.

  • Price to Book Value per Share Ratio

    Steel Connect has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.03% of the float of Steel Connect has been sold short.
  • Short Interest Ratio / Days to Cover

    Steel Connect has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Steel Connect has recently increased by 41.18%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Steel Connect does not currently pay a dividend.

  • Dividend Growth

    Steel Connect does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.03% of the float of Steel Connect has been sold short.
  • Short Interest Ratio / Days to Cover

    Steel Connect has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Steel Connect has recently increased by 41.18%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Steel Connect has a news sentiment score of -0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Steel Connect this week, compared to 1 article on an average week.
  • Search Interest

    1 people have searched for STCN on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Steel Connect insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 8.70% of the stock of Steel Connect is held by insiders.

  • Percentage Held by Institutions

    47.28% of the stock of Steel Connect is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Steel Connect's insider trading history.
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STCN Stock News Headlines

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STCN Stock Analysis - Frequently Asked Questions

Steel Connect's stock was trading at $9.64 at the beginning of the year. Since then, STCN stock has increased by 29.7% and is now trading at $12.50.
View the best growth stocks for 2024 here
.

Steel Connect, Inc. (NASDAQ:STCN) released its quarterly earnings data on Thursday, December, 12th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Steel Connect had a net margin of 50.53% and a trailing twelve-month return on equity of 14.59%.

Steel Connect's stock split before market open on Thursday, June 22nd 2023. The 375-1 split was announced on Thursday, June 22nd 2023. The newly minted shares were payable to shareholders after the closing bell on Thursday, June 22nd 2023. An investor that had 100 shares of stock prior to the split would have 37,500 shares after the split.

Top institutional investors of Steel Connect include Oddo BHF Asset Management Sas (2.19%).
View institutional ownership trends
.

Shares of STCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Steel Connect investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), General Electric (GE), Adobe (ADBE), Novo Nordisk A/S (NVO) and Arista Networks (ANET).

Company Calendar

Last Earnings
12/12/2024
Today
12/22/2024
Fiscal Year End
7/31/2025

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:STCN
CUSIP
60786L10
Employees
1,261
Year Founded
N/A

Profitability

Net Income
$87.98 million
Pretax Margin
12.04%

Debt

Sales & Book Value

Annual Sales
$183.26 million
Cash Flow
$15.24 per share
Book Value
$24.45 per share

Miscellaneous

Free Float
5,785,000
Market Cap
$79.20 million
Optionable
No Data
Beta
0.25
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This page (NASDAQ:STCN) was last updated on 12/22/2024 by MarketBeat.com Staff
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