Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Radius Recycling Inc before investing.

In this article, we go over a few key elements for understanding Radius Recycling Inc’s stock price such as:

• Radius Recycling Inc’s current stock price and volume
• Why Radius Recycling Inc’s stock price changed recently
• Upgrades and downgrades for RDUS from analysts
• RDUS’s stock price momentum as measured by its relative strength

About Radius Recycling Inc (RDUS)

Before we jump into Radius Recycling Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Radius Recycling, Inc., formerly Schnitzer Steel Industries, Inc., is a manufacturer and exporter of recycled metal products. The Company also operates a third-party recycling (3PR) service, which includes materials management, reverse logistics, railcar dismantling, and vehicle recycling services. The Company operates scrap recycling facilities in 25 states, western Canada, and Puerto Rico. It has 54 metals recycling facilities, including seven shredding operations. The Company’s integrated operating platform also includes 50 stores which sell serviceable used auto parts from salvaged vehicles and receive over four million annual retail visits. Its steel manufacturing operations produce finished steel products, including rebar, wire rod, and other specialty products. The Company has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company's subsidiaries include Auto Parts Group Southwest, LLC, Edman Corp., and others.

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Radius Recycling Inc’s Stock Price as of Market Close

As of March 18, 2024, 4:00 PM, CST, Radius Recycling Inc’s stock price was $17.81.

Radius Recycling Inc is down 7.86% from its previous closing price of $19.33.

During the last market session, Radius Recycling Inc’s stock traded between $17.57 and $19.59. Currently, there are 28.22 million shares of Radius Recycling Inc stock available for purchase.

Unfortunately, Radius Recycling Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Radius Recycling Inc Stock Price History

Radius Recycling Inc’s (RDUS) price is currently down 9.87% so far this month.

During the month of March, Radius Recycling Inc’s stock price has reached a high of $21.44 and a low of $17.57.

Over the last year, Radius Recycling Inc has hit prices as high as $36.64 and as low as $17.57. Year to date, Radius Recycling Inc’s stock is down 41.89%.

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What Caused Radius Recycling Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 15, 2024, there was 1 analyst who downgraded Radius Recycling Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Radius Recycling Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Radius Recycling Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Radius Recycling Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Radius Recycling Inc (RDUS) by visiting AAII Stock Evaluator.

Relative Price Strength of Radius Recycling Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 15, 2024, Radius Recycling Inc has a weighted four-quarter relative price strength of -18.85%, which translates to a Momentum Score of 19 and is considered to be Very Weak.

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Radius Recycling Inc Stock Price: Bottom Line

As of March 18, 2024, Radius Recycling Inc’s stock price is $17.81, which is down 7.86% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Radius Recycling Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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