How to Buy Steel Dynamics Stock
Steel Dynamics Inc
Steel Dynamics, Inc. , together with its subsidiaries, operates as a steel producer and metal recycler in the United States.
Steel Dynamics stock last closed at $136.90, up 0.61% from the previous day, and has increased 28.88% in one year. It has overperformed other stocks in the Steel industry by 0.1 percentage points. Steel Dynamics stock is currently +51.19% from its 52-week low of $90.55, and -9.54% from its 52-week high of $151.34.
There are currently 158.15M shares of STLD outstanding. The market capitalization of STLD is $21.65B. In the last 24 hours, 983,231 STLD shares were traded.
How to Buy Steel Dynamics Stock
Not sure how to invest in Steel Dynamics stock? Here's how.
- Decide where to buy Steel Dynamics stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Steel Dynamics stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Choose your method of payment and add your info.
- Evaluate Steel Dynamics stock: The Steel Dynamics ticker symbol is STLD. Is Steel Dynamics stock a good investment? Should you buy shares of STLD? How do STLD's underlying business fundamentals look? Do top analysts think Steel Dynamics is a good buy? Why has STLD's stock price moved recently? (Hint: Our stock research website can help you figure out if STLD is a good stock to buy).
- Make your STLD trade: Decide if you will purchase STLD shares at the current market price or use a limit order to buy STLD stock at a particular price.
- Keep tabs on your investment in STLD: Create a watchlist to important notifications about your position in Steel Dynamics stock.
Step 1: Decide where to buy Steel Dynamics stock
You need a brokerage account to access the NASDAQ market and buy STLD stock.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. eToro gives you:
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you are able to invest in STLD stock today.
How to Start 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 your new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've created your account on the best stock trading app, you can securely and quickly fund your account:
Check out this video walkthrough if you need help transferring funds into your brokerage account.
Step 4: Evaluate Steel Dynamics stock
After you have identified the best place to buy Steel Dynamics stock, it's crucial to research their stock before you invest, so you actually understand the risk and opportunity.
Steel Dynamics Numbers
STLD Fundamentals
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on STLD's stock page.
How is STLD stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge STLD's fair value.
Using relative valuations measures:
- STLD may be undervalued based on its P/E ratio of 9.3x, relative to Steel industry P/E ratio of 13.84x
- STLD could be overvalued based on its P/B ratio of 2.44x, relative to Steel industry P/B ratio of 0.99x
You can access more valuation research on STLD's stock here.
STLD Financials at a glance
Signs that STLD is financially healthy:
- There are more short-term assets than long-term liabilities on the STLD balance sheet.
- STLD's operating cash flow of $3.52B allows it to safely service it's debt of $3.07B.
- There are more short-term assets than short-term liabilities on the STLD balance sheet.
- Total STLD debt is lower than 5 years ago, relative to shareholder equity.
- STLD earnings of $3.28B is not enough to cover its interest payments.
Signs that STLD is not financially healthy:
- STLD has a relatively high debt to equity ratio of 0.68.
- STLD profit margin has gone down from 17.4% to 13% in the past year.
Is it a good time to buy STLD stock, according to analysts?
Out of 5 Wall Street analysts who research STLD, the consensus analyst rating on STLD is a Hold
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Steel Dynamics stock forecast page.
Metrics for Advanced STLD Traders
STLD Growth Metrics
Last year, STLD earnings were $2.45B. During the last 5 year, STLD's earnings have gone up by 22.3% per year. This was faster than the Steel industry average of 10.86%.
Last year, STLD revenue was $18.80B. Over the last five year, STLD's revenue has gone up by 9.72% per year. This was faster than the Steel industry average of 7.99%.
You can analyze STLD's earnings and revenue performance here.
What are STLD insiders up to?
In the last year, executives and large shareholders at STLD have sold more shares than they have bought.
Christopher A. Graham, Senior Vice President of STLD, was the latest STLD insider to sell. They sold $430,443.52 worth of STLD shares on Mar 21, 2024.
Learn more about who owns STLD shares here.
Does STLD stock generate passive income?
Steel Dynamics pays a dividend of 1.27%, compared to the Steel industry's average dividend yield of 2.89%. If you owned $1,000 of STLD stock, you would have received $12.67 in the past 12 months.
Steel Dynamics dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Steel Dynamics dividend yield and history here.
What others are saying about STLD
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your STLD trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, place a limit order.
Hit the Open button and eToro will execute the order.
If you need more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your investment in STLD
Now that you own some shares in STLD, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to keep tabs on your STLD stock.
STLD Feed
How to Buy Stock in Steel Dynamics
To summarize, here are the 6 steps to buy stock in Steel Dynamics:
- Decide where to buy Steel Dynamics stock
- Open a brokerage account
- Fund your investment account
- Evaluate Steel Dynamics stock
- Make your STLD trade
- Keep tabs on your investment in STLD
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your investment in Steel Dynamics, hit the button below to create your watchlist.
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