Olympic Steel Stock Today
| ZEUS Stock | USD 68.44 0.52 0.77% |
Performance4 of 100
| Odds Of DistressLess than 1
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Olympic Steel is selling for under 68.44 as of the 18th of April 2024; that is 0.77 percent up since the beginning of the trading day. The stock's lowest day price was 67.72. Olympic Steel has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Olympic Steel are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of October 2023 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Materials | IPO Date 10th of March 1994 | Category Basic Materials |
Olympic Steel, Inc. processes, distributes, and storage metal products in the United States and internationally. Olympic Steel, Inc. was founded in 1954 and is based in Bedford Heights, Ohio. Olympic Steel operates under Steel classification in the United States and is traded on NASDAQ Exchange. The company has 11.13 M outstanding shares of which 328.57 K shares are at this time shorted by private and institutional investors with about 2.86 trading days to cover. More on Olympic Steel
Moving together with Olympic Stock
| 0.63 | CSTM | Constellium Nv Earnings Call This Week | PairCorr |
Moving against Olympic Stock
| 0.41 | VALE | Vale SA ADR Earnings Call This Week | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Olympic Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Olympic Steel's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Olympic Steel or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Donald McNeeley | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | BMO Shiller Select US Index ETF | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Iron, Plastics, Stores, Materials, Metals & Mining, Steel, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Olympic Steel report their recommendations after researching Olympic Steel's financial statements, talking to executives and customers, or listening in on Olympic Steel's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Olympic Steel. The Olympic consensus assessment is calculated by taking the average forecast from all of the analysts covering Olympic Steel. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Olympic Steel's profitability, liquidity, and operating efficiency, Olympic Steel is performing exceptionally good at the present time. It has a great likelihood to report excellent financial results in May. Financial strength of Olympic Steel is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Olympic Steel's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Olympic Steel's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Olympic Steel's financial leverage. It provides some insight into what part of Olympic Steel's total assets is financed by creditors.
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Olympic Steel (ZEUS) is traded on NASDAQ Exchange in USA. It is located in 22901 Millcreek Boulevard, Highland Hills, OH, United States, 44122 and employs 2,168 people. Olympic Steel is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 760.8 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Olympic Steel's market, we take the total number of its shares issued and multiply it by Olympic Steel's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Olympic Steel conducts business under Metals & Mining sector and is part of Materials industry. The entity has 11.13 M outstanding shares of which 328.57 K shares are at this time shorted by private and institutional investors with about 2.86 trading days to cover.
Olympic Steel currently holds about 8.45 M in cash with 173.58 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.76.
Check Olympic Steel Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Olympic Steel is $760.8 Million. The majority of Olympic Steel outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Olympic Steel to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Olympic Steel. Please pay attention to any change in the institutional holdings of Olympic Steel as this could imply that something significant has changed or is about to change at the company. Also note that almost one hundred eleven thousand three hundred twenty-five invesors are currently shorting Olympic Steel expressing very little confidence in its future performance.
Check Olympic Ownership Details
Olympic Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Olympic Steel jumping above the current price in 90 days from now is about 35.88%. The Olympic Steel probability density function shows the probability of Olympic Steel stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.073. This usually means as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Olympic Steel will likely underperform. Additionally, olympic Steel has an alpha of 0.0245, implying that it can generate a 0.0245 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Olympic Steel to move above the current price in 90 days from now is about 35.88 (This Olympic Steel probability density function shows the probability of Olympic Stock to fall within a particular range of prices over 90 days) .
Olympic Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Olympic Steel that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Olympic Steel's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Olympic Steel's value.| Instituion | Recorded On | Shares | |
| American Century Companies Inc | 2023-12-31 | 206.1 K | |
| Jb Capital Partners Lp | 2023-12-31 | 197.5 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 169.2 K | |
| Ameriprise Financial Inc | 2023-12-31 | 164.1 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 154.6 K | |
| Aqr Capital Management Llc | 2023-12-31 | 153.8 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 121.2 K | |
| Jacobs Levy Equity Management, Inc. | 2023-09-30 | 109.8 K | |
| Northern Trust Corp | 2023-12-31 | 109.5 K | |
| Blackrock Inc | 2023-12-31 | 2.1 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 931.7 K |
Olympic Steel Historical Income Statement
Olympic Steel Income Statement is one of the three primary financial statements used for reporting Olympic's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Olympic Steel revenue and expense. Olympic Steel Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Olympic Steel's Interest Expense is comparatively stable compared to the past year. Operating Income is likely to gain to about 81.6 M in 2024, whereas Total Revenue is likely to drop slightly above 1.2 B in 2024. View More FundamentalsOlympic Stock Against Markets
Picking the right benchmark for Olympic Steel stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Olympic Steel stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Olympic Steel is critical whether you are bullish or bearish towards Olympic Steel at a given time. Please also check how Olympic Steel's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Olympic Steel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Olympic Steel Corporate Directors
Olympic Steel corporate directors refer to members of an Olympic Steel board of directors. The board of directors generally takes responsibility for the Olympic Steel's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Olympic Steel's board members must vote for the resolution. The Olympic Steel board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Dirk Kempthorne | Independent Director | Profile | |
| Ralph Ratta | Independent Director | Profile | |
| Idalene Kesner | Independent Director | Profile | |
| Michael Rippey | Independent Director | Profile |
How to buy Olympic Stock?
Before investing in Olympic Steel, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Olympic Steel. To buy Olympic Steel stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Olympic Steel. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Olympic Steel stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Olympic Steel stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Olympic Steel stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Olympic Steel, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.
Already Invested in Olympic Steel?
The danger of trading Olympic Steel is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Olympic Steel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Olympic Steel. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Olympic Steel is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Olympic Steel is a strong investment it is important to analyze Olympic Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Olympic Steel's future performance. For an informed investment choice regarding Olympic Stock, refer to the following important reports: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Olympic Steel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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When running Olympic Steel's price analysis, check to measure Olympic Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.
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Is Olympic Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Olympic Steel. If investors know Olympic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Olympic Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.867 | Dividend Share 0.5 | Earnings Share 3.85 | Revenue Per Share 186.483 | Quarterly Revenue Growth (0.06) |
The market value of Olympic Steel is measured differently than its book value, which is the value of Olympic that is recorded on the company's balance sheet. Investors also form their own opinion of Olympic Steel's value that differs from its market value or its book value, called intrinsic value, which is Olympic Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Olympic Steel's market value can be influenced by many factors that don't directly affect Olympic Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Olympic Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olympic Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olympic Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.