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
0.68USD
78.00 MUSD
3.16 BUSD
84.48 M
About Steelcase Inc.
Sector
Industry
CEO
Sara E. Armbruster
Website
Headquarters
Grand Rapids
Employees (FY)
11.3 K
Founded
1912
ISIN
US8581552036
FIGI
BBG000BLBGS2
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 SCS is 11.83 USD — it has decreased by 0.04% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NYSE exchange Steelcase Inc. stocks are traded under the ticker SCS.
Steelcase Inc. is going to release the next earnings report on Jun 19, 2024. Keep track of upcoming events with our Earnings Calendar.
SCS stock is 1.44% volatile and has beta coefficient of 0.36. Check out the list of the most volatile stocks — is Steelcase Inc. there?
One year price forecast for Steelcase Inc. has a max estimate of 16.00 USD and a min estimate of 15.18 USD.
SCS earnings for the last quarter are 0.30 USD per share, whereas the estimation was 0.23 USD resulting in a 33.33% surprise. The estimated earnings for the next quarter are 0.21 USD per share. See more details about Steelcase Inc. earnings.
Steelcase Inc. revenue for the last quarter amounts to 777.90 M USD despite the estimated figure of 796.35 M USD. In the next quarter revenue is expected to reach 780.25 M USD.
Yes, you can track Steelcase Inc. financials in yearly and quarterly reports right on TradingView.
SCS stock has fallen by 3.07% compared to the previous week, the month change is a 7.98% fall, over the last year Steelcase Inc. has showed a 39.94% increase.
SCS net income for the last quarter is 20.50 M USD, while the quarter before that showed 29.60 M USD of net income which accounts for −30.74% change. Track more Steelcase Inc. financial stats to get the full picture.
Today Steelcase Inc. has the market capitalization of 1.35 B, it has decreased by 0.61% over the last week.
Yes, SCS dividends are paid quarterly. The last dividend per share was 0.10 USD. As of today, Dividend Yield (TTM)% is 3.38%. 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.
Like other stocks, SCS 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.
As of Apr 19, 2024, the company has 11.30 K employees. See our rating of the largest employees — is Steelcase Inc. on this list?
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 sell today, and its 1 week rating is sell. 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 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.
We've gathered analysts' opinions on Steelcase Inc. future price: according to them, SCS price has a max estimate of 16.00 USD and a min estimate of 15.18 USD. Read a more detailed Steelcase Inc. forecast: see what analysts think of Steelcase Inc. and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Steelcase Inc. EBITDA is 223.90 M USD, and current EBITDA margin is 6.95%. See more stats in Steelcase Inc. financial statements.