Steel Connect (STCN) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $9.66 to $10.03
• 50-Day Range: $9.66 to $11.50
• 52-Week Range: $7.36 to $13.00
• Volume: 4,909 shs
• Average Volume: 13,300 shs
• Market Capitalization: $63.59 million
• P/E Ratio: 3.27
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Steel Connect Stock Analysis - MarketRank™

Steel Connect scored higher than 45% of companies evaluated by MarketBeat, and ranked 468th out of 657 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Steel Connect.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Steel Connect is 3.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Steel Connect is 3.27, 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 266.76.

Price to Book Value per Share Ratio

Steel Connect has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.04% 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 0.9, 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 25.88%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Steel Connect does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.04% 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 0.9, 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 25.88%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.93

News Sentiment

Steel Connect has a news sentiment score of 0.93. 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 higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Steel Connect this week, compared to 1 article on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Steel Connect insiders have bought more of their company's stock than they have sold. Specifically, they have bought $5,276,076.00 in company stock and sold $0.00 in 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.

STCN Stock Analysis - Frequently Asked Questions

How have STCN shares performed this year?

Steel Connect's stock was trading at $9.64 at the beginning of 2024. Since then, STCN stock has increased by 4.0% and is now trading at $10.0299.
View the best growth stocks for 2024 here.

How were Steel Connect's earnings last quarter?

Steel Connect, Inc. (NASDAQ:STCN) released its earnings results on Monday, October, 16th. The technology company reported $0.00 earnings per share (EPS) for the quarter. The technology company had revenue of $99.78 million for the quarter. Steel Connect had a net margin of 50.53% and a trailing twelve-month return on equity of 14.59%.

When did Steel Connect's stock split?

Shares of Steel Connect split on the morning of Thursday, June 22nd 2023. The 375-1 split was announced on Thursday, June 22nd 2023. The newly created shares were distributed 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.

How do I buy shares of Steel Connect?

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.

What other stocks do shareholders of Steel Connect own?

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: 10/16/2017
• Today: 11/16/2024
• Next Earnings (Estimated): 12/12/2024
• Fiscal Year End: 7/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Business services, not elsewhere classified
• Sub-Industry: Data Processing & Outsourced Services
• Current Symbol: NASDAQ:STCN
• CUSIP: 60786L10
• CIK: 914712
• Web: www.moduslink.com
• Phone: (914) 461-1276
• Fax: 781-663-5100
• Employees: 1,261
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $3.07
• Trailing P/E Ratio: 3.21
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $87.98 million
• Net Margins: 50.53%
• Pretax Margin: 12.04%
• Return on Equity: 14.59%
• Return on Assets: 3.67%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.94
• Quick Ratio: 3.85

Sales & Book Value

• Annual Sales: $174.11 million
• Price / Sales: 0.37
• Cash Flow: $14.54 per share
• Price / Cash Flow: 0.69
• Book Value: $24.45 per share
• Price / Book: 0.41

Miscellaneous

• Outstanding Shares: 6,340,000
• Free Float: 5,785,000
• Market Cap: $63.59 million
• Optionable: No Data
• Beta: 0.19