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SSAAY
Stock ticker: OTC
AS OF
Jan 17 closing price
Price
$2.02
Change
-$0.07 (-3.35%)
Capitalization
3.98B

SSAAY stock forecast, quote, news & analysis

SSAAY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
published price charts
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A.I.Advisor
a Summary for SSAAY with price predictions
Jan 08, 2025

SSAAY's Stochastic Oscillator remains in oversold zone for 2 days

Be on the lookout for a price bounce soon.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SSAAY's RSI Indicator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SSAAY advanced for three days, in of 105 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 08, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SSAAY as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SSAAY turned negative on January 06, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SSAAY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for SSAAY entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.661) is normal, around the industry mean (1.140). P/E Ratio (5.692) is within average values for comparable stocks, (78.993). SSAAY's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.948). SSAAY has a moderately high Dividend Yield (0.113) as compared to the industry average of (0.055). P/S Ratio (0.439) is also within normal values, averaging (0.940).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SSAAY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

A.I.Advisor
published Dividends

SSAAY paid dividends on May 17, 2024

SSab Swedish Steel AB SSAAY Stock Dividends
А dividend of $0.23 per share was paid with a record date of May 17, 2024, and an ex-dividend date of April 25, 2024. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nucor Corp (NYSE:NUE), ArcelorMittal (NYSE:MT), United States Steel Corp (NYSE:X), Cleveland-Cliffs (NYSE:CLF).

Industry description

The steel industry includes manufacturers of steel and steel-related products. Companies use iron ore and scrap steel to produce steel. The industry also includes companies involved in mining and marketing of steel products. Along with serving some of the domestic markets, U.S. steel output has, over the years, been used by international economies as well. Competition from imported steel has also increased over time. The industry could be susceptible to business cycles, since the element is an important input in industrial production. Some of the globally-renowned steel behemoths include Nucor Corporation, Vale, and ArcelorMittal SA.

Market Cap

The average market capitalization across the Steel Industry is 4.63B. The market cap for tickers in the group ranges from 39.16K to 29.24B. NUE holds the highest valuation in this group at 29.24B. The lowest valued company is ADTC at 39.16K.

High and low price notable news

The average weekly price growth across all stocks in the Steel Industry was 2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -8%. FEEXF experienced the highest price growth at 18%, while ANGGF experienced the biggest fall at -15%.

Volume

The average weekly volume growth across all stocks in the Steel Industry was -22%. For the same stocks of the Industry, the average monthly volume growth was -31% and the average quarterly volume growth was 50%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 22
P/E Growth Rating: 44
Price Growth Rating: 65
SMR Rating: 77
Profit Risk Rating: 74
Seasonality Score: 4 (-100 ... +100)
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SSAAY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Industry Steel

Profile
Fundamentals
Details
Industry
N/A
Address
Klarabergsviadukten 70, D6
Phone
+46 84545700
Employees
15126
Web
https://www.ssab.com