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Reliance Steel & Aluminum Co. (RS)
304.05  -4.1 (-1.33%)    07-26 16:00
Open: 302.01
High: 307.18
Volume: 360,448
  
Pre. Close: 308.15
Low: 301.81
Market Cap: 17,461(M)
Technical analysis
2024-07-26 4:46:57 PM
Short term     
Mid term     
Targets 6-month :  366.95 1-year :  428.59
Resists First :  314.17 Second :  366.95
Pivot price 298.05
Supports First :  291.2 Second :  277.01
MAs MA(5) :  301.97 MA(20) :  294.09
MA(100) :  304.3 MA(250) :  287.82
MACD MACD :  4.5 Signal :  3.4
%K %D K(14,3) :  67.5 D(3) :  65.5
RSI RSI(14): 58
52-week High :  342.2 Low :  237.13
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ RS ] has closed below upper band by 34.8%. Bollinger Bands are 57.4% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 7 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 308.05 - 309.76 309.76 - 311.14
Low: 296.49 - 298.93 298.93 - 300.9
Close: 300.46 - 304.08 304.08 - 307.02
Company Description

Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries. It also distributes non-ferrous metals products and tubular building products; and manufactures specialty extruded metals, fabricated parts, and welded components. As of December 31, 2021, the company operated a network of approximately 315 locations in 40 states in the United States and 13 in other countries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was founded in 1939 and is headquartered in Los Angeles, California.

Headline News

Fri, 26 Jul 2024
Reliance Steel downgraded on steel price, margin concerns By Investing.com - Investing.com Canada

Fri, 26 Jul 2024
Reliance Steel downgraded on steel price, margin concerns - Investing.com

Fri, 26 Jul 2024
Reliance Steel & Aluminum Co. (NYSE:RS) Q2 2024 Earnings Call Transcript - Insider Monkey

Mon, 15 Jul 2024
Reliance to buy certain assets of Mississippi toll processor - Steel Market Update

Tue, 30 Apr 2024
Reliance Steel & Aluminum Co. (NYSE:RS) Q1 2024 Earnings Call Transcript - Yahoo Finance

Thu, 25 Apr 2024
Reliance earnings fall 21% in tough pricing environment - Steel Market Update

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Basic Materials
Industry:
Steel
Shares Out 57 (M)
Shares Float 57 (M)
Held by Insiders 0.5 (%)
Held by Institutions 81.3 (%)
Shares Short 1,110 (K)
Shares Short P.Month 1,170 (K)
Stock Financials
EPS 21.44
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 138.13
Profit Margin 8.6 %
Operating Margin 10.7 %
Return on Assets (ttm) 9.6 %
Return on Equity (ttm) 16.4 %
Qtrly Rev. Growth -8.2 %
Gross Profit (p.s.) 0
Sales Per Share 252.3
EBITDA (p.s.) 32.56
Qtrly Earnings Growth -18.8 %
Operating Cash Flow 1,410 (M)
Levered Free Cash Flow 620 (M)
Stock Valuations
PE Ratio 14.18
PEG Ratio 23.6
Price to Book value 2.2
Price to Sales 1.2
Price to Cash Flow 12.38
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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