How to Buy National Steel Co Stock
National Steel Co
National Steel Co is a steel company located in Brazil, which is part of the Basic Materials sector, and is traded under the ticker SID on the NYSE exchange.
National Steel Co stock last closed at $1.68, down 2.33% from the previous day, and has decreased 37.55% in one year. It has underperformed other stocks in the Steel industry by 0.26 percentage points. National Steel Co stock is currently +32.28% from its 52-week low of $1.27, and -41.26% from its 52-week high of $2.86.
There are currently 1.33B SID shares outstanding. The market value of SID is $2.23B. In the last 24 hours, 3.19M SID shares were traded.
How to Buy National Steel Co Stock
Wondering how to invest in National Steel Co stock? Here's how.
- Figure out where to buy National Steel Co stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy National Steel Co stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Select your payment method and add your info.
- Evaluate National Steel Co stock: The National Steel Co ticker symbol is SID. Is National Steel Co stock a good investment? Should you buy shares of SID? How do SID's underlying business fundamentals look? Do top analysts think National Steel Co is a good buy? Why has SID's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if SID is a good stock to buy).
- Execute your SID trade: Decide if you will purchase SID shares at the current market price or use a limit order to purchase SID stock at a particular price.
- Get updates on your SID investment: Create a watchlist to monitor your position in National Steel Co shares.
Step 1: Figure out where to buy National Steel Co stock
You need an online brokerage account to access the NYSE market and buy SID shares.
Our recommended brokerage: eToro
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Get $10 towards your share purchase by opening an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal information so you can invest in SID stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start a new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on one of the best stock trading apps, you can securely and quickly fund your account:
Watch the tutorial below if you need help depositing money into your investment account.
Step 4: Evaluate National Steel Co stock
After you have identified the best place to buy National Steel Co stock, it's crucial to analyze their stock before you buy, so you can understand the risk and opportunity.
National Steel Co shares quick numbers
SID Fundamentals
WallStreetZen was built to help average investors do more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on SID's stock page.
Is SID stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge SID's fair value.
Using relative valuations methods:
- SID could be overvalued based on its P/B ratio of 1.05x, relative to Steel industry P/B ratio of 0.81x
You can access more valuation research on SID's stock here.
A quick look at SID Financials
Signs that SID is financially healthy:
- There are more short-term assets than short-term liabilities on the SID balance sheet.
Signs that SID is not financially healthy:
- SID earnings of $794.21M is not sufficient to cover its interest payments.
- SID has a relatively high debt to equity ratio of 7.21.
- SID profit margin has gone down from -0.7% to -5.9% in the past year.
- There are more long-term liabilities than short-term assets on the SID balance sheet.
- SID's operating cash flow of $1.49B allows it to safely service it's debt of $9.80B.
- Total SID debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy SID stock
Out of 1 Wall Street analysts who monitor SID, the consensus analyst rating on SID is a Strong Sell
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the National Steel Co stock forecast page.
Metrics for Advanced SID Traders
SID Growth Numbers
Last year, SID revenue was $7.52B. Over the last five year, SID's revenue has gone up by 2.14% per year. This was slower than the Steel industry average of 5.01%.
Learn more about SID's earnings and revenue performance here.
What are SID executives and large shareholders up to?
In the past 12 months, executives and large shareholders at SID have not bought or sold any shares.
Dig into more about who owns SID stock here.
Does SID stock generate passive income?
National Steel Co pays a dividend of 13.97%, compared to the Steel industry's average dividend yield of 2.6%. If you owned $1,000 of SID stock, you would have received $139.70 last year.
National Steel Co dividend payments have not consistently grown over the past decade and have not remained stable.
Get more analysis about National Steel Co dividend yield and history here.
SID Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your SID trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, place a limit order.
Click the Open Trade button and your broker will place the order.
If you require additional help investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your SID investment
Now that you own some shares in SID, you'll want to keep up with your new shares.
Create a watchlist to get notified of the latest news about your SID stock.
SID Feed
How to Buy Stock in National Steel Co
To summarize, here are the 6 steps for buying National Steel Co stock:
- Figure out where to buy National Steel Co stock
- Open a brokerage account
- Deposit money your brokerage account
- Evaluate National Steel Co stock
- Execute your SID trade
- Get updates on your SID investment
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your new investment in National Steel Co, add SID to your watchlist below.
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