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SSAAY
Stock ticker: OTC
AS OF
Dec 17 closing price
Price
$2.15
Change
-$0.06 (-2.73%)
Capitalization
4.15B

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
A.I.Advisor
a Summary for SSAAY with price predictions
Dec 17, 2024

SSAAY in downward trend: 10-day moving average crossed below 50-day moving average on November 21, 2024

The 10-day moving average for SSAAY crossed bearishly below the 50-day moving average on November 21, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 21 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for SSAAY moved out of overbought territory on November 11, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SSAAY as a result. In of 79 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 December 12, 2024. 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

SSAAY moved below its 50-day moving average on December 11, 2024 date and that indicates a change from an upward trend to a downward trend.

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 December 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SSAAY advanced for three days, in of 100 cases, the price rose further within the following month. The odds of a continued upward trend are .

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 (0.668) is normal, around the industry mean (1.150). P/E Ratio (5.751) is within average values for comparable stocks, (74.341). SSAAY's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.989). SSAAY has a moderately high Dividend Yield (0.110) as compared to the industry average of (0.051). P/S Ratio (0.443) is also within normal values, averaging (0.944).

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 70, 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.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued 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.

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 4.69B. The market cap for tickers in the group ranges from 39.16K to 28.41B. NUE holds the highest valuation in this group at 28.41B. 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 -5%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -3%. FEEXF experienced the highest price growth at 16%, while OUTFF experienced the biggest fall at -19%.

Volume

The average weekly volume growth across all stocks in the Steel Industry was 21%. For the same stocks of the Industry, the average monthly volume growth was 25% and the average quarterly volume growth was 59%

Fundamental Analysis Ratings

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

Valuation Rating: 23
P/E Growth Rating: 43
Price Growth Rating: 61
SMR Rating: 75
Profit Risk Rating: 70
Seasonality Score: 36 (-100 ... +100)
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SSAAY
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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