Analysts at Seaport Global Securities, assumed coverage of AK Steel Holding Corporation (NYSE:AKS) with Neutral recommendation, according to their opinion released on October 11. Analysts at Clarksons Platou issued an upgrade from Neutral to Buy for the stock, in a research note that dated back to September 11.
By watching the trading activity of corporate insiders, it will become easier to get a sense of AK Steel Holding Corporation (NYSE:AKS)’s prospects. The earliest insider trade took place on 11/27/2018. Newport Roger K gathered a total of 10 thousand shares of company at average share price of $3.03. The total for the purchase was set at $30.3 thousand. After this transaction, the CEO account balance stood at 461.3 thousand shares. The stock lost -2.64 percent since that insider purchase. On 08/15/2018, Newport Roger K, CEO, purchased 10 thousand shares at a price per share of $4.03. This added 40.3 thousand shares to the insider’s fortune and the stock saw a -26.8 percent retreat in value since the news became public. This transaction left 451.3 thousand shares in the CEO account. On 08/15/2018, VP Gen Counsel & Corp Sec Alter Joseph C performed a purchase transaction worth $10.25 thousand. This purchase at $4.1 each has added 2.5 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -28.05 percent decrease since the transaction was reported. The insider now is left with 67.1 thousand shares remaining in the account. Gerber William K, who performs the Director job, sold 12 thousand shares for $55.8 thousand. The disposal occurred on 05/31/2018 was priced at $4.65 per share. The share price plunged -36.56 percent since the reporting date. Gerber William K now left with a stake of 144.1 thousand AKS stock worth $425.08 thousand after the insider selling.
AK Steel Holding Corporation (AKS) is expected to jump by 63.73 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $6.5-month high price target. This represents a whopping 120.34 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $5, which represents a return potential of 69.49 percent when compared to the closing price of the stock of $2.95 on Thursday, December 06. The lowest price target for the stock is $3.25 — slightly more than 10.17 percent from AKS’s current share price.
The shares are currently floating around the first support level of $2.87. Below this, the next support is placed in the zone of $2.8. Till the time, the AKS stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 30.16 on daily chart, which may remain a cause for comfort. If the price breaks below $2.8 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $3.05 mark may result into a pull-back move towards $3.16 level.
AKS shares dropped -0.14 points or -4.53 percent on Thursday to $2.95 with a heavy trade volume of 14.632 million shares. After opening the session at $3.06, the shares went as high as $3.08 and as low as $2.9, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $946 million and now has 320.65 million shares outstanding. AK Steel Holding Corporation (AKS) stock has lost -22.98 percent of market value in 21 trading days.
AKS stock has a trailing 3-year beta of 2.75, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.21 a share in the trailing twelve months. The stock’s value has fallen -47.88 percent year to date (YTD) against a decline of -38.8 percent in 12 month’s time. The company’s shares still trade -56.62 percent away from its 1-year high of $6.80 and -1.01 percent down from 52-week low of $2.98. The average consensus rating on the company is 2.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of AK Steel Holding Corporation (AKS) are trading at a P/E ratio of 14.65 times earnings reported for the past 12 months. The industry AKS operates in has an average P/E of 10.53. Its P/E ratio went as low as 47.25X and as high as 47.25 over the 5-year span. Further, it is sporting a 0.14 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.55. 12.3 percent is the gross profit margin for AK Steel Holding Corporation and operating margin sits at 3.6 percent. Along with this, the net profit margin is 0.6 percent.
AKS will be showing off its Q4 earnings on January 29. Analysts are forecasting revenue to climb 14 percent to $1.71B in the next fiscal quarter, while earnings are seen soaring by nearly -316.67 percent to $0.13 per share. History has shown that shares in AK Steel Holding Corporation have gone down on 18 different earnings reaction days and are predicted to add 0.07 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.21 per share, worse than the $0.23, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.74B, worse than the $1.81B analysts expected. Earnings are estimated to increase by 453.3 percent this year, 25.73 percent next year and continue to increase by 18.54 percent annually for the next 5 years.