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 $2.34, down 2.09% from the previous day, and has decreased 10% in one year. It has underperformed other stocks in the Steel industry by 0.47 percentage points. National Steel Co stock is currently +4% from its 52-week low of $2.25, and -36.76% from its 52-week high of $3.70.
As of Oct 2, 2023, there are 1.33B SID shares outstanding. The market capitalization of SID is $3.10B. In the last 24 hours, 1.95M 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 pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy National Steel Co stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your method of payment and add your information.
- 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 analysis website can help you figure out 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 shares at a specific price.
- Get updates on your SID investment: Create a watchlist to important updates regarding your position in National Steel Co stock.
Step 1: Figure out where to buy National Steel Co stock
You will need a brokerage account in order to access the NYSE market and buy SID shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal information so you are able to invest in SID today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal details to start your new brokerage account.
- Send your application by hitting the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you have opened your account on the best stock app, you can securely and quickly fund your account:
Check out the tutorial below to see the process of depositing money into your investment account.
Step 4: Evaluate National Steel Co stock
Once you have chosen the best place to buy National Steel Co stock, it's very important to analyze their stock before you invest, so you can understand the risk as well as the opportunity.
National Steel Co quick stats
SID Due Diligence Checks
WallStreetZen was created to help everyday 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 undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SID's fair value.
Using relative valuations metrics:
- SID could be undervalued based on its P/E ratio of 9.96x, relative to Steel industry P/E ratio of 12.67x
- SID may be undervalued based on its P/B ratio of 0.79x, relative to Steel industry P/B ratio of 0.94x
- SID may be undervalued based on its PEG ratio of 0.04x
You can access additional valuation analysis on SID's stock here.
A look at SID Cashflows and Balance Sheet
Signs that SID is financially healthy:
- SID has $2.70B in cash and short term investments. This is enough to cover its annual cash burn of $262.94M.
- SID has cash burn of 262935140. It has sufficient cash and short-term investments to cover this for at least one year.
- Total SID debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the SID balance sheet.
Signs that SID is not financially healthy:
- There are more long-term liabilities than short-term assets on the SID balance sheet.
- SID has a relatively high debt to equity ratio of 3.26.
- SID profit margin has gone down from 25.6% to 3.5% in the past year.
Do analysts think it's a good time to buy SID stock
Out of 1 sell side analysts who give ratings on SID, the consensus analyst rating on National Steel Co is a Sell
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent SID Analyst Recommendations
Daniel Sasson, a top 39% analyst from Itau BBA downgrades SID to a sell rating and announces their SID price target of $2.30, on Jul 10, 2023.
You can dive deeper into what analysts are saying on the National Steel Co stock forecast page.
Metrics for Advanced SID Traders
Is SID Making Money?
Last year, SID earnings were $312.06M. In the last 5 year, SID's earnings have grown by 156.26% per year. This was faster than the Steel industry average of 16.91%.
Last year, SID revenue was $8.91B. Over the past five year, SID's revenue has increased by 8.43% per year. This was slower than the Steel industry average of 10.52%.
You can research SID's earnings and revenue performance here.
What are SID insiders up to?
In the past year, insiders at SID have not bought or sold any shares.
Learn more about who owns SID stock here.
Does SID provide a stable income stream?
National Steel Co pays a dividend of 24.16%, compared to the Steel industry's average dividend yield of 4.19%. If you owned $1,000 worth of SID stock, you would have received $241.56 in the past year.
National Steel Co dividend payments have consistently grown over the past decade but have not remained stable.
Get more info 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 favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your SID trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, place a limit order.
Click the Open Trade button and your broker will place your order.
If you want 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 stock purchase.
Create a watchlist to track your SID stock.
SID Feed
How to Buy Stock in National Steel Co
To summarize, here are the 6 steps to buy 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 require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in National Steel Co, hit the button below to create your watchlist.
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