Alert: Negative Investment/Fundamental Signals (4/4/24)-Schnitzer Steel Industries Inc (NASDAQ: SCHN)


Recent extremely meaningful negative changes in investment behavior have impacted Schnitzer Steel Industries Inc (NASDAQ: SCHN): negative upside/downside volume developed, and the stock fell on very heavy volume.

Schnitzer Steel Industries Inc (NASDAQ: SCHN) has recently experienced notable negative changes in fundamentals. Negative developments: significant quarterly sales deceleration occurred, the consensus estimate for August, 2024 decreased significantly, and the consensus estimate for August, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

SCHN’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.

Schnitzer Steel Industries has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Schnitzer Steel Industries has a good Appreciation Score of 72 but a very low Power Rating of 1, leading to the Negative Value Trend Rating.

Recent Price Action

Schnitzer Steel Industries Inc (NASDAQ: SCHN) stock declined by -2.7% on 4/4/24. The shares closed at $19.61. Moreover, exceptionally high trading volume at 279% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months but has risen 1.5% during the last week.

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