SCS Long Tradema cross 33/72 moving average on weekly
Looking to take a 1.50 risk to reward ratio on this trade.
15.00 target
10.00 stop
Next report date
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Report period
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EPS estimate
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Revenue estimate
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0.63EUR
72.19 MEUR
2.92 BEUR
85.07 M
About Steelcase Inc.
Sector
Industry
CEO
Sara E. Armbruster
Website
Headquarters
Grand Rapids
Employees (FY)
11.3 K
Founded
1912
Steelcase, Inc. engages in the manufacture and distribution of office environments. It operates through the following segments: Americas, EMEA, and Other. The Americas segment serves customers in the US, Canada, the Caribbean Islands, and Latin America through the Steelcase, AMQ, Coalesse, HALCON, Orangebox, Smith System, and Viccarbe brands. The EMEA segment provides service to customers in Europe, the Middle East, and Africa under the Steelcase, Coalesse, Orangebox and Viccarbe brands. The Other segment includes Asia Pacific and Designtex. The company was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI.
SCS , Bull Expanding TriangleBull expanding Triangle off the move from good earnings.
Expect move to 15 dollars
SCS Entry, Volume, Target, StopSHORT TRADE IDEA
Entry: with price below 10.82
Volume: with volume greater than average
Target: 8.90 area (this is an area, no guarantee it reaches this price, but you should be selling on the way down)
Stop: Depending on your risk tolerance; I would have a hard stop set at 11.39, 1 penny ov
September Trades (SCS, BUY, 9.20-9.20, 10%)Steelcase (SCS) reported earnings of $0.31 per share on revenue of $854.60 million for the fiscal second quarter ended August 2023. The consensus earnings estimate was $0.198 per share on revenue of $854.6million. The company beat consensus estimates by 56.96% while revenue beat expectations by 3.11
SCS - Trying to Find a BottomPotential bottom may emerge at the bottom of this little channel formed. If not a recovery here then recovery at the green horizontal line below. This will be the test if the channel is valid.
Multiple bottom on quality company that pays a 5% dividend. SCSBuilding a large position in $SCS here @$11. Would add on any further breakdown. Top tier company that will benefit from our return to the office.
$SCS Steelcase 15% potential upside
Alert set for break above Moving average and Fibonacci resistance.
Potential target $17.50.
All indicators bullish, as is volume.
Growth channelEntry price – 11.61 $.
TP1 – 11.84(+1,98%), TP2 – 12.07(+3,91%), TP3 – 12.39(+6,69%). SL – 11.26(-3,04%).
$SCS Steelcase upgraded to buy
7 P/E ratio
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other Category segments. The firms furniture portfolio includes panel, fence and beam-based furniture systems
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Frequently Asked Questions
The current price of GJB is 12.20 EUR — it has increased by 0.83% in the past 24 hours. Watch STEELCASE INC stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on GETTEX exchange STEELCASE INC stocks are traded under the ticker GJB.
GJB stock hasn't changed in a week, the month change is a 9.91% rise, over the last year STEELCASE INC has showed a 84.85% increase.
We've gathered analysts' opinions on STEELCASE INC future price: according to them, GJB price has a max estimate of 14.99 EUR and a min estimate of 14.22 EUR. Watch GJB chart and read a more detailed STEELCASE INC stock forecast: see what analysts think of STEELCASE INC and suggest that you do with its stocks.
GJB stock is 1.65% volatile and has beta coefficient of 0.55. Track STEELCASE INC stock price on the chart and check out the list of the most volatile stocks — is STEELCASE INC there?
Today STEELCASE INC has the market capitalization of 1.39 B, it has increased by 3.96% over the last week.
Yes, you can track STEELCASE INC financials in yearly and quarterly reports right on TradingView.
STEELCASE INC is going to release the next earnings report on Jun 19, 2024. Keep track of upcoming events with our Earnings Calendar.
GJB earnings for the last quarter are 0.21 EUR per share, whereas the estimation was 0.19 EUR resulting in a 10.84% surprise. The estimated earnings for the next quarter are 0.09 EUR per share. See more details about STEELCASE INC earnings.
STEELCASE INC revenue for the last quarter amounts to 717.48 M EUR despite the estimated figure of 722.15 M EUR. In the next quarter revenue is expected to reach 671.59 M EUR.
GJB net income for the last quarter is 18.97 M EUR, while the quarter before that showed 27.19 M EUR of net income which accounts for −30.22% change. Track more STEELCASE INC financial stats to get the full picture.
Yes, GJB dividends are paid quarterly. The last dividend per share was 0.09 EUR. As of today, Dividend Yield (TTM)% is 3.03%. Tracking STEELCASE INC dividends might help you take more informed decisions.
STEELCASE INC dividend yield was 3.13% in 2023, and payout ratio reached 58.72%. The year before the numbers were 6.24% and 163.12% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of May 28, 2024, the company has 11.30 K employees. See our rating of the largest employees — is STEELCASE INC on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. STEELCASE INC EBITDA is 207.23 M EUR, and current EBITDA margin is 6.95%. See more stats in STEELCASE INC financial statements.
Like other stocks, GJB shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade STEELCASE INC stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So STEELCASE INC technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating STEELCASE INC stock shows the strong buy signal. See more of STEELCASE INC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.