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 $1.48, up 1.37% from the previous day, and has decreased 28.85% in one year. It has underperformed other stocks in the Steel industry by 0.34 percentage points. National Steel Co stock is currently +19.35% from its 52-week low of $1.24, and -40.8% from its 52-week high of $2.50.
There are currently 1.33B SID shares outstanding. The market value of SID is $1.96B. In the last 24 hours, 776,000 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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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 0.93x, relative to Steel industry P/B ratio of 0.9x
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 6.87%.
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 pays a dividend of 6.43%, compared to the Steel industry's average dividend yield of 2.06%. If you owned $1,000 worth of SID stock, you would have been paid $64.32 in the past 12 months.
National Steel Co dividend payments have not consistently grown over the past decade and have not remained stable.
Find more info about National Steel Co dividend yield and history here.
What others are saying about SID
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your SID trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer 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 a particular dollar amount limit, use a limit order.
Hit the Open Trade button and your broker will place the order.
If you need more info about investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your SID investment
Now that you own some SID stock, you'll want to keep up with your investment.
Make a watchlist to keep track of your SID stock.
SID Feed
How to Buy Stock in National Steel Co
To reiterate, here are the 6 steps to buy stock in National Steel Co:
- 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 require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to track your new investment in National Steel Co, click below.
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