Long-Term Investments: Companhia Siderurgica Nacional (SID) and GameStop Corp. (GME)

The recent price movement of SID means that it is now down by -35.88% from its 52-week high and 43.81% up against its 52-week low prices. Over the past one week, the price volatility of SID stands at 3.82% while the volatility over the past one month is 3.59%. The beta score for this stock is 1.93. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 07/31/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.14 earnings per share (EPS) during that period. This report was above the expectations of analysts of 0.09 by 0.05. The revenue by the firm was 1.58B for the quarter.

The shares of Companhia Siderurgica Nacional (SID) dropped by -4.73%, leading to a loss of -$0.15 per share, and saw SID end the trading session at $3.02 on Tuesday 10/08/19. SID started the trading session at $3.03, before reaching a daily high of $3.095. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $3.00.

The trading volume on Tuesday stood at 6442216, which was below the stock’s 3-month average volume of 3.80 million shares, out of a total 341.84M shares. As the price of the stock dipped, the market valuation of the company dropped to 4.08 billion.

The shares of GameStop Corp. (NYSE: GME) went down by -4.74% by the end of the recent trading session. This movement saw its price plunge to close at $5.23, which was lower than the previous closing price of $5.49. Over the past one week, the price of GME has slipped by -6.27%, while it has recorded a gain of 9.87% over the past one month. Its three-month performance saw GME gain 0.97% while its six-month performance saw it drop by -46.74%. The situation is different though over the past one year, as the stock price went down by -64.37%, while its year-to-date (YTD) price performance slipped by -58.56%. The stock price has gone up by +66.03% compared to its 90-day low, while it is down -10.06% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 9,244,850 shares, with the short-term indicators averagely rating the stock as a Hold. A look at its medium-term indicators reveals that it has a 50-Day average volume of 8,090,038 shares and the indicators have an average rating of 50% Sell. The last indicators, the long-term see GME stock with a 100-Day average volume of 7,556,027 shares, giving it an average rating of 50% Sell. A look at the general picture of all short, medium and long-term indicators leaves GME with an average rating of 24% Sell.

Several brokerage firms sent out their reports GME stock not long ago. In its report sent out on August 20, 2019, BofA/Merrill lowered its ratings on GME to a Underperform. In an earlier report on June 05, 2019, The Benchmark Company Reiterated the stock to a Sell. Credit Suisse meanwhile in its report on May 20, 2019 Reiterated its rating of the stock to “Underperform”.

In related news to the company’s stock, around 95.00% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 322 institutions currently hold the GME stock. In the last quarter, a 128,697,232 GME shares were in the possession of institutions. On the other hand, the company recorded 49 new institutions who bought it their stock, while 72 institutions sold their entire GME reserve. Of the current institutions investing in the stock, 141 increased their investment while 136 decreased their investment in the stock.