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

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

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

About Worthington Steel Inc (WS)

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

Worthington Steel, Inc. is a steel processor and producer of electrical steel laminations and automotive lightweighting solutions. It is engaged in processing and selling flat-rolled steel coils. Its product lines and processing capabilities include carbon flat-roll steel processing, electrical steel laminations and tailor welded products. It performs a variety of value-added processes based on customer requirements including pickling, specialty re-rolling, hot dip galvanizing, and blanking. It manufactures precision magnetic steel laminations for the automotive (including applications for electrified vehicles), industrial motor, generator and transformer industries. Tailor Welded Products include Tailor Welded Blanks and Aluminum Tailor Welded Blanks. Tailor Welded Blanks are made from individual sheets of steel of different thickness, strength and coating which are joined together by laser welding. Aluminum Tailor Welded Blanks are processed using friction stir welding technology.

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Worthington Steel Inc’s Stock Price as of Market Close

As of April 03, 2024, 4:00 PM, CST, Worthington Steel Inc’s stock price was $36.41.

Worthington Steel Inc is up 4.81% from its previous closing price of $34.74.

During the last market session, Worthington Steel Inc’s stock traded between $33.90 and $36.19. Currently, there are 0.00 million shares of Worthington Steel Inc stock available for purchase.

Worthington Steel Inc’s price-earnings (P/E) ratio is currently at 13.9, which is low compared to the Metals & Mining - Iron & Steel industry median of 13.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Worthington Steel Inc Stock Price History

Worthington Steel Inc’s (WS) price is currently up 1.56% so far this month.

During the month of April, Worthington Steel Inc’s stock price has reached a high of $36.70 and a low of $33.90.

Over the last year, Worthington Steel Inc has hit prices as high as $40.15 and as low as $21.00.

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What Caused Worthington Steel Inc Stock’s Price to Rise?

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 April 02, 2024, there were 0 analysts who downgraded Worthington Steel Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Worthington Steel 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 Worthington Steel Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

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 Worthington Steel Inc (WS) by visiting AAII Stock Evaluator.

Relative Price Strength of Worthington Steel 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 April 02, 2024, Worthington Steel Inc has a weighted four-quarter relative price strength of %, which translates to a Momentum Score of and is considered to be NA.

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Worthington Steel Inc Stock Price: Bottom Line

As of April 3, 2024, Worthington Steel Inc’s stock price is $36.41, which is up 4.81% 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 Worthington Steel 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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