AK Steel Holding Corporation (AKS): Buy With The Insiders And Gurus

The surge in insider buying at AK Steel Holding Corporation (NYSE:AKS) is picking up steam with the current sell/buy ratio now at 0.2. AKS recorded 1 sales on the open market in the last three months. They sold nearly 28,222 shares while purchases amounted to 140,150 shares that period. Looking even further back to 12 months, corporate insiders offloaded 148,070 shares when buyers snapped up 669,280 shares. The 12-month’s totals signify about a 0.22-to-1 sell/buy ratio.

Newport Roger K gathered a total of 10 thousand shares of AK Steel Holding Corporation (AKS) at average share price of $3.03. This insider trade in the company took place on 11/27/2018. 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 -7.92 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 -30.77 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 -31.95 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 -40 percent since the reporting date. Gerber William K now left with a stake of 144.1 thousand AKS stock worth $402.03 thousand after the insider selling.

The 12-month median price target for AK Steel Holding Corporation (AKS) assigned by the analysts stands at $4.25, which represents a return potential of 52.33 percent when compared to the closing price of the stock of $2.79 on Friday, January 11. The lowest price target for the stock is $2.5 — slightly more than -10.39 percent from AKS’s current share price. The stock will probably climb 51.25 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $6-month high price target. This represents a whopping 115.05 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 53.82 on daily chart, which may remain a cause for concern. If the price breaks below $2.56 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $2.85 mark may result into a pull-back move towards $2.92 level. The stock is currently hovering around the first support level of $2.67. Below this, the next support is placed in the zone of $2.56. Till the time, the AKS stock trades above this level, bulls have nothing to fear.

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 0.13 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.

On 11th of January, AK Steel Holding Corporation (NYSE:AKS) shares ended higher after a volatile session. The shares accumulated 0.09 points or 3.33 percent at $2.79 with a light trade volume of 8.02 million shares. After opening the session at $2.68, the shares went as high as $2.8 and as low as $2.62, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $879 million and now has 314.9 million shares outstanding. AK Steel Holding Corporation (AKS) stock has gained 1.45 percent of market value in 21 trading days.

AKS stock has a trailing 3-year beta of 2.65, 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 surged 24 percent year to date (YTD) against a decline of -56.68 percent in 12 month’s time. The company’s shares still trade -58.97 percent away from its 1-year high of $6.80 and 36.1 percent up from 52-week low of $2.05. 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.