STCN Stock Summary and Trading Ideas (Steel Connect | NASDAQ:STCN)

Steel Connect Inc is a diversified holding company. The company's operating segment include Direct Marketing and Supply Chain. It generates maximum revenue from the Direct Marketing segment. Geographically, it derives a majority of revenue from the United States and also has a presence in China; Netherlands, and others. The company serves clients in various industries including consumer electronics, communications, computing, software, storage, and retail industries.

Steel Connect trades on the NASDAQ stock market under the symbol STCN.

As of April 25, 2024, STCN stock price climbed to $12.15 with 9,766 million shares trading.

STCN has a market cap of $76.60 million. This is considered a Micro Cap stock.

In the last 3 years, STCN stock traded as high as $8,575.13 and as low as $7.36.

The top ETF exchange traded funds that STCN belongs to (by Net Assets): VTI, VXF, IWC, DFAC.

STCN stock has underperformed the market in the last year with a return of -99.6%, while SPY returned +22.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in STCN shares. However, STCN has outperformed the market in the last 3 month and 2 week periods, returning +29.0% and +35.0%, while SPY returned +3.0% and -3.0%, respectively. This indicates STCN has been having a stronger performance recently.

STCN support price is $11.59 and resistance is $12.69 (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 STCN stock will trade within this expected range on the day.