Nucor Steel Stock: Steel Stocks Are on Fire, Let Investors Beware!        

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Nucor (NUO) Stock Price Target

Nucor (NUO) Stock Price Target

Nucor stock price rose 1.00% from $119.57 to $120.77 on the last trading day. Nucor stock price today has fluctuated 4.50% from the day’s low of $117.90 to $123.21. NUE stock price has been up 7 of the last 10 days. In addition, Nucor share price increased by 15.13% in 2 weeks.

Volume dropped 1 million shares in the last day, with a total of 3 million shares traded for approximately $338.63 million. Nucor steel stock volume moved in the opposite direction with the price on the last trading day. This is not a good result for Nucor stock quote because it increases the overall risk.

Nucor stock price is at the top of a very broad and weak uptrend in the short term. According to Nucor stock forecast, we can expect a reaction towards the bottom of the trend. In this case, positive results may arise for short-term investors.

A break from the stock’s top trendline at $126.59 indicates a stronger uptrend, according to NUE stock forecast. Considering the current short-term trend, we think NUE stock price will rise in the coming months as a result of Nucor stock forecast. Nucor steel stock can rise 7.5% in 3 months and hold a price between $100.11 and $136.08 at the end of the quarter.

On the other hand, the average price target according to the Wall Street NUE stock forecast is $106.33 with a high forecast of $114.00 and a low forecast of $100.00. The average price target is 11.96% higher than Nucor stock price today.

 

Is Nucor a Buy or Sell?

Nucor stock price today has support at $118.10 from accumulated volume. As a result of the Nucor stock forecast, we think the stock will have an upward movement after testing the support.

Nucor stock price can move a lot during the day. Also, Nucor steel stock is a high-risk investment with a broad forecast range from the Bollinger Band. During the last day, NUE stock price has moved between the maximum and minimum of 4.50% and $5.31. For Nucor steel stock, this rate was 4.58% volatility last week.

Nucor stock price has an overall good trend. Also, NUE stock price has positive signals in the short term. If you want to make a nice profit from Nucor stock price, Nucor stock price today can be a good buying opportunity. The stop-loss recommended by our analysts is $115.24.

When Did Nucor Stock Split

When Did Nucor Stock Split?

Nucor (NUE) has 6 splits in our Nucor inventory cut-up records database. The first cut-up for NUE occurred on September 21, 1983. This became a 2 for 1 cut up, which means for every proportion of NUE owned pre-cut up, the shareholder now owned 2 shares.

What Is the Highest Nucor Stock Has Ever Been?

Nucor stock quote has a daily share price chart and data from 1983. In the data organized according to divisions, the highest data belongs to 2021. As of August 18, 2021, the last closing NUE stock price is 120.77. The all-time high Nucor share price close was 126.17 on 13 August 2021.

Nucor share price is a 52-week high of 128.81, 6.7% above the current share price. Nucor stock quote 52-week low share price is 44.05, 63.5% below the current share price. The average Nucor share price for the last 52 weeks is 70.74.

 

Is Nucor Publicly Traded?

Nucor stock price is indexed beneath neath the ticker image NUE at the New York Stock Exchange for the primary time. Nucor steel stock is a publicly-traded stock. Therefore, you can easily get Nucor steel stock quotes and follow the price.

 

Is Nucor a Good Stock?

It’s additionally critical to word that Style Scores paintings as a supplement to the Zacks Rank, our inventory score device that has an outstanding music report of outperformance. Nucor steel stock presently has a Zacks Rank of #1 (Strong Buy). Our studies suggest that shares rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the marketplace over the subsequent one-month period.

Is Nucor Overvalued

Is Nucor Overvalued?

One of the biggest influences on the growth of a company’s share values ​​is the growth of the company. GuruFocus research has also proven this. The more a company grows profitably, the more its shares increase.

Nucor’s 3-year average annual revenue growth rate is 1.7%. These ratios together are somewhere on average among other companies in their industry. The company’s 3-year average EBITDA growth rate is -10.8%, ahead of only 31% of companies in the Steel industry. Therefore, Nucor steel stock price has started to decline after a certain rise.

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