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 dip, let’s take a look at some background.

Worthington Steel, Inc. is a metals processor that partners with customers to deliver highly technical and customized solutions. The Company specializes in carbon flat-roll steel processing, electrical steel laminations and tailor welded solutions. The Company's carbon flat-rolled steel processing includes a variety of value-added processes based on customer requirements including pickling, specialty re-rolling, hot dip galvanizing, blanking, slitting and cutting-to-length. Its electrical steel laminations include manufacturing of precision magnetic steel laminations for the automotive, industrial motor, generator and transformer industries. Its tailor welded products include tailor welded blanks and aluminum tailor welded blanks. It operates around 29 manufacturing facilities located in the United States, Canada, China, India, Germany, and Mexico. It serves various end markets, including automotive, construction, machinery and equipment, agriculture, and heavy trucks, among others.

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Worthington Steel Inc’s Stock Price as of Market Close

As of September 10, 2024, 4:00 PM, CST, Worthington Steel Inc’s stock price was $30.85.

Worthington Steel Inc is down 4.58% from its previous closing price of $32.33.

During the last market session, Worthington Steel Inc’s stock traded between $31.52 and $32.93. Currently, there are 49.30 million shares of Worthington Steel Inc stock available for purchase.

Worthington Steel Inc’s price-earnings (P/E) ratio is currently at 10.5, which is high compared to the Metals & Mining - Iron & Steel industry median of 10.3. 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 down 12.85% so far this month.

During the month of September, Worthington Steel Inc’s stock price has reached a high of $34.31 and a low of $30.55.

Over the last year, Worthington Steel Inc has hit prices as high as $41.01 and as low as $21.00.

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What Caused Worthington Steel 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?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of September 09, 2024,, no analysts have changed their rating of Worthington Steel Inc’s stock 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.

Worthington Steel Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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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 September 09, 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 September 10, 2024, Worthington Steel Inc’s stock price is $30.85, which is down 4.58% 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.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.