AK Steel Holding Corporation (AKS): Finding A Signal Amidst The Noise

Wall Street analysts will be watching closely when AK Steel Holding Corporation (NYSE:AKS) reports its quarterly earnings next, which is scheduled for Mon 28 Jan (In 22 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.24 per share. In the preceding quarter, the company reportedly generated EPS of $0.21 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 3.60%, a profit margin of 0.60% and a gross margin of 12.30%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of AK Steel Holding Corporation (NYSE:AKS). Most recently, on October 11th, 2018, Seaport Global Securities Initiated a Neutral rating. Before that, on October 11th, 2018, Seaport Global Securities Initiated to Neutral. ClarksonsPlatou Upgrade a Buy rating on September 11th, 2018, BofA/Merrill Upgrade an Buy rating on September 7th, 2018, and Morgan Stanley Upgrade a Overweight rating on August 27th, 2018.

At its current price point, combined with the fact that this company has 314.90M shares outstanding, the current market capitalization sits at 806.14M. In the last trading day, 18,765,615 shares of AK Steel Holding Corporation were traded, which compares to its usual volume of about 10.87M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.27 in the past five trading days, resulting in a percentage change of +12.78% and a moving average of 2.34. In the past 20 days, its price changed by -$0.53 (which is -17.15%) and the stock’s moving average was 2.51. Looking back a full 50 days, shares of AKS changed by -$1.95 (which is -43.24%) and demonstrated a moving average of 3.18.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 58.57%, a 14-day Stochastic %K score of 48.42% and a 20-day Stochastic %K score of 31.13%. Using a similar metric, AK Steel Holding Corporation (AKS) shares showed a Stochastic %D of 44.87% over the past 9 days, a Stochastic %D score of 36.30% over the last 14 days, and a 20-day Stochastic %D of 23.61%. Meanwhile, this stock’s MACD Oscillator was 0.10 over the past 9 days, 0.01 over the past two weeks, and -0.11 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $2.56 level. Over the past 12 months, this stock has experienced a high price of $6.80 and a low of $2.05. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

BlackRock Fund Advisors purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from AK Steel Holding Corporation (NYSE:AKS) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 42,836,406 shares of the company’s stock following the addition of 437,499 to this investor’s holdings during the three-month period. This share count represents that BlackRock Fund Advisors now held 13.58% stake in AK Steel Holding Corporation (AKS)’s shares.

Just in the most recent trading day, AK Steel Holding Corporation (NYSE:AKS) experienced a high price of $2.63 and low point of $2.3. At the end of the last trading session, this stock was at 2.56 per share, following a gain of $0.06, or 13.78% during the full day.