28-Mar-2024
Accenture, AutoZone And 2 Other Stocks Insiders Are Selling
Benzinga (Wed, 27-Mar 8:24 AM ET)
Steelcase to Webcast Fourth Quarter and Fiscal 2024 Conference Call
Globe Newswire (Thu, 29-Feb 8:30 AM ET)
Steelcase Earns Top Score in Industry for Climate Change Disclosure From CDP
PRNewswire (Mon, 19-Feb 9:00 AM ET)
PRNewswire (Thu, 1-Feb 8:00 AM ET)
Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions. Majority of revenue is generated from Americas segment.
Steelcase trades on the NYSE stock market under the symbol SCS.
As of March 28, 2024, SCS stock price climbed to $13.08 with 1,282,544 million shares trading.
SCS has a beta of 0.37, meaning it tends to be less sensitive to market movements. SCS has a correlation of 0.01 to the broad based SPY ETF.
SCS has a market cap of $1.49 billion. This is considered a Small Cap stock.
Last quarter Steelcase reported $775 million in Revenue and $.23 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.02.
In the last 3 years, SCS stock traded as high as $15.84 and as low as $6.20.
The top ETF exchange traded funds that SCS belongs to (by Net Assets): VTI, VB, IWM, AVUV, VBR.
SCS has outperformed the market in the last year with a price return of +54.2% while the SPY ETF gained +33.6%. However, in the short term, SCS had mixed performance relative to the market. It has underperformed in the last 3 months, returning -3.9% vs +10.1% return in SPY. But in the last 2 weeks, SCS shares have fared better than the market returning +2.3% compared to SPY +1.7%.
SCS support price is $12.62 and resistance is $13.12 (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 SCS stock will trade within this expected range on the day.