Olympic Steel Stock Analysis

Olympic Stock Analysis Notes

About 12.0% of the company outstanding shares are owned by insiders. The company has Price to Book (P/B) ratio of 1.37. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Olympic Steel has Price/Earnings To Growth (PEG) ratio of 0.46. The entity last dividend was issued on the 1st of March 2024. 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. It employs 1644 people. For more information please call Donald McNeeley at 216 292 3800 or visit https://www.olysteel.com.

Olympic Steel Investment Alerts

Olympic Steel Upcoming and Recent Events

Olympic Largest EPS Surprises

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Olympic Steel Thematic Classifications

Olympic Stock Institutional Investors

Note, although Olympic Steel's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Olympic Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 767.36 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 Profitablity

The company has Profit Margin (PM) of 0.02 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.03 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.03.

Management Efficiency

Olympic Steel has return on total asset (ROA) of 0.0555 % which means that it generated a profit of $0.0555 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0831 %, meaning that it created $0.0831 on every $100 dollars invested by stockholders. Olympic Steel's management efficiency ratios could be used to measure how well Olympic Steel manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Olympic Steel's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.05 in 2024, whereas Return On Capital Employed is likely to drop 0.08 in 2024. At this time, Olympic Steel's Non Current Assets Total are comparatively stable compared to the past year. Intangible Assets is likely to gain to about 97.3 M in 2024, despite the fact that Non Currrent Assets Other are likely to grow to (72.3 M).

Technical Drivers

As of the 25th of April, Olympic Steel holds the Coefficient Of Variation of 1567.77, semi deviation of 1.96, and Risk Adjusted Performance of 0.0468. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Olympic Steel, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We are able to break down and analyze data for nineteen technical drivers for Olympic Steel, which can be compared to its competitors. Please check Olympic Steel standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Olympic Steel is priced some-what accurately, providing market reflects its current price of 67.56 per share. Given that Olympic Steel has jensen alpha of (0.06), we recommend you to check out Olympic Steel's recent market performance to make sure the company can sustain itself at a future point.

Olympic Steel Price Movement Analysis

Olympic Steel Insider Trading Activities

Olympic Steel Predictive Daily Indicators

Olympic Steel Corporate Filings

Olympic Steel Forecast Models

Olympic Steel's time-series forecasting models are one of many Olympic Steel's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Olympic Steel's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Olympic Steel prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Olympic shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Olympic Steel. By using and applying Olympic Stock analysis, traders can create a robust methodology for identifying Olympic entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Olympic analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Olympic analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Olympic Steel stock analysis indicators help investors evaluate how Olympic Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Olympic Steel shares will generate the highest return on investment. By understating and applying Olympic Steel stock analysis, traders can identify Olympic Steel position entry and exit signals to maximize returns.

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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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.

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.

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.