RDUS Stock Summary and Trading Ideas (Radius Recycling - Class A | NASDAQ:RDUS)

Radius Recycling Inc is a North American Based company which is involved in recycling of ferrous and nonferrous metal, including end-of-life vehicles, and a manufacturer of finished steel products. As a vertically integrated organization, it offers a range of products and services to meet global demand through our network that includes fifty retail self-service auto parts stores, fifty four metals recycling facilities, and an electric arc furnace steel mill.

Radius Recycling - Class A trades on the NASDAQ stock market under the symbol RDUS.

As of April 26, 2024, RDUS stock price declined to $17.90 with 200,203 million shares trading.

RDUS has a beta of 0.87, meaning it tends to be less sensitive to market movements. RDUS has a correlation of 0.06 to the broad based SPY ETF.

RDUS has a market cap of $500.88 million. This is considered a Small Cap stock.

Last quarter Radius Recycling - Class A reported $621 million in Revenue and -$1.04 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.05.

The top ETF exchange traded funds that RDUS belongs to (by Net Assets): VTI, VB, IWM, XME, VBR.

RDUS support price is $17.49 and resistance is $18.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RDUS stock will trade within this expected range on the day.