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NASDAQ:RDUS

Radius Recycling (RDUS) Stock Price, News & Analysis

Radius Recycling logo
$15.52 -0.39 (-2.45%)
(As of 12/20/2024 05:31 PM ET)

About Radius Recycling Stock (NASDAQ:RDUS)

Key Stats

Today's Range
$15.43
$16.37
50-Day Range
$15.52
$20.60
52-Week Range
$12.69
$31.70
Volume
758,126 shs
Average Volume
220,211 shs
Market Capitalization
$435.17 million
P/E Ratio
N/A
Dividend Yield
4.83%
Price Target
$22.00
Consensus Rating
Hold

Company Overview

Radius Recycling, Inc. recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys. The company also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its retail self-service auto parts stores. In addition, it produces various finished steel products using ferrous recycled metal and other raw materials, as well as semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. Further, the company sells catalytic converters to specialty processors that extract the nonferrous precious metals, including platinum, palladium, and rhodium; and ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors, as well as finished steel customers, such as steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and major farm and wood products suppliers. It also provides recycling and related services, including scrap brokerage, certified destruction, automotive parts recycling, railcar dismantling, and reverse logistics under 3PR brand name. Radius Recycling, Inc. was formerly known as Schnitzer Steel Industries, Inc. and changed its name to Radius Recycling, Inc. in January 2024. Radius Recycling, Inc. was founded in 1906 and is headquartered in Portland, Oregon.

Radius Recycling Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
86th Percentile Overall Score

RDUS MarketRank™: 

Radius Recycling scored higher than 86% of companies evaluated by MarketBeat, and ranked 52nd out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Radius Recycling has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Radius Recycling has only been the subject of 1 research reports in the past 90 days.

  • Read more about Radius Recycling's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Radius Recycling is -1.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Radius Recycling is -1.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Radius Recycling has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.71% of the float of Radius Recycling has been sold short.
  • Short Interest Ratio / Days to Cover

    Radius Recycling has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Radius Recycling has recently decreased by 13.67%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Radius Recycling is a leading dividend payer. It pays a dividend yield of 4.40%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Radius Recycling does not have a long track record of dividend growth.

  • Read more about Radius Recycling's dividend.
  • Percentage of Shares Shorted

    1.71% of the float of Radius Recycling has been sold short.
  • Short Interest Ratio / Days to Cover

    Radius Recycling has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Radius Recycling has recently decreased by 13.67%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Radius Recycling has a news sentiment score of 0.50. 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 0.60 average news sentiment score of Business Services companies.
  • Search Interest

    9 people have searched for RDUS on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Radius Recycling insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $324,822.00 in company stock.

  • Percentage Held by Insiders

    Only 5.70% of the stock of Radius Recycling is held by insiders.

  • Percentage Held by Institutions

    78.11% of the stock of Radius Recycling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Radius Recycling's insider trading history.
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RDUS Stock News Headlines

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RDUS Stock Analysis - Frequently Asked Questions

Radius Recycling's stock was trading at $30.16 on January 1st, 2024. Since then, RDUS shares have decreased by 48.5% and is now trading at $15.52.
View the best growth stocks for 2024 here
.

Radius Recycling, Inc. (NASDAQ:RDUS) announced its earnings results on Thursday, October, 24th. The basic materials company reported ($0.41) EPS for the quarter, topping analysts' consensus estimates of ($0.59) by $0.18. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year.

Radius Recycling's top institutional shareholders include State Street Corp (3.69%), FMR LLC (3.39%), Segall Bryant & Hamill LLC (3.00%) and Geode Capital Management LLC (2.30%). Insiders that own company stock include Steven Heiskell, Michael R Henderson, Stefano R Gaggini, Peter B Saba, Brian Souza, James Matthew Vaughn, Mark Schuessler and Wayland R Hicks.
View institutional ownership trends
.

Shares of RDUS 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 Radius Recycling investors own include Waste Connections (WCN), American Water Works (AWK), AUO (AUOTY), The RMR Group (RMR), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR) and Humana (HUM).

Company Calendar

Last Earnings
10/24/2024
Ex-Dividend for 11/26 Dividend
11/12/2024
Dividend Payable
11/26/2024
Today
12/21/2024
Fiscal Year End
8/31/2025

Industry, Sector and Symbol

Industry
Miscellaneous durable goods
Sub-Industry
Steel
Current Symbol
NASDAQ:RDUS
CUSIP
80688210
Employees
3,011
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.00
High Stock Price Target
$22.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+41.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-266,410,000.00
Pretax Margin
-11.74%

Debt

Sales & Book Value

Annual Sales
$223.36 million
Cash Flow
$0.65 per share
Book Value
$22.32 per share

Miscellaneous

Free Float
26,441,000
Market Cap
$435.17 million
Optionable
Optionable
Beta
1.59

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This page (NASDAQ:RDUS) was last updated on 12/21/2024 by MarketBeat.com Staff
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