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 $1.59, up 0.63% from the previous day, and has decreased 14.97% in one year. It has underperformed other stocks in the Steel industry by 0.13 percentage points. National Steel Co stock is currently +28.23% from its 52-week low of $1.24, and -19.7% from its 52-week high of $1.98.
There are currently 1.33B SID shares outstanding. The market value of SID is $2.11B. In the last 24 hours, 1.85M 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
We believe that eToro is the best online stock brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Tech to Utilities, New York to Shanghai (for US users, only US stocks are available) — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
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 undervalued based on its P/B ratio of 1x, relative to Steel industry P/B ratio of 1.03x
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.
You can dig deeper into what analysts are projecting on the National Steel Co stock forecast page.
SID Technical Indicators
SID Performance Metrics
Last year, SID revenue was $7.52B. During the past five year, SID's revenue has grown by 2.14% per year. This was slower than the Steel industry average of 6.73%.
Learn more about SID's earnings and revenue performance here.
Latest Insiders Trades at SID
Over the past year, insiders at SID have not bought or sold any shares.
Dig into more about who owns SID stock here.
Does SID provide a stable income stream?
National Steel Co dividend payments have not consistently grown over the past decade and have not remained stable.
Find more analysis about National Steel Co dividend yield and history here.
What do other traders have to say about SID?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders 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 security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.
Hit the Open button and your broker will execute your order.
If you need additional help with buying stocks on eToro, click the helpful video below:
Step 6: Get updates on your SID investment
Now that you own some SID stock, you'll want to stay up-to-date on your new shares.
Put SID on a watchlist to get notified of important updates regarding 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 brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your new investment in National Steel Co, create a watchlist today.
Trending "How To" Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.