SID Stock Summary and Trading Ideas (Companhia Siderurgica Nacional S.A. | NYSE:SID)

Companhia Siderurgica Nacional is an integrated steel producer. The company operate throughout the entire steel production chain, from the mining of iron ore to the production and sale of a diversified range of steel products. It operates in five segments namely, Steel, Mining, Logistics, Energy, and Cement. It generates maximum revenue from the steel segment. Geographically, it derives a majority of revenue from Asia.

Companhia Siderurgica Nacional S.A. trades on the NYSE stock market under the symbol SID.

As of May 13, 2024, SID stock price climbed to $2.76 with 2,334,392 million shares trading.

SID has a beta of 1.25, meaning it tends to be more sensitive to market movements. SID has a correlation of 0.14 to the broad based SPY ETF.

SID has a market cap of $3.66 billion. This is considered a Mid Cap stock.

In the last 3 years, SID stock traded as high as $10.06 and as low as $2.11.

The top ETF exchange traded funds that SID belongs to (by Net Assets): VWO, VXUS, SLX, AVEM, SPEM.

SID has underperformed the market in the last year with a price return of +9.5% while the SPY ETF gained +27.8%. SID has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -22.5% and -0.4%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

SID support price is $2.60 and resistance is $2.76 (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 SID stock will trade within this expected range on the day.