How to buy Olympic Steel stock

Olympic Steel, Inc is a steel business based in the US. Olympic Steel shares (ZEUS) are listed on the NASDAQ and all prices are listed in US Dollars. Olympic Steel employs 1,626 staff and has a trailing 12-month revenue of around 0.00.

Olympic Steel share price

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Olympic Steel shares at a glance

• Key figures

Information last updated 2021-04-23.

52-week range	$7.82 - $32.60
50-day moving average	$27.26
200-day moving average	$17.74
Wall St. target price	$32.00
PE ratio	50.5238
Dividend yield	$0.08 (0.3%)
Earnings per share (TTM)	$0.21

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Is it a good time to buy Olympic Steel stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Olympic Steel, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Olympic Steel under- or over-valued?

Valuing Olympic Steel stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Olympic Steel's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Olympic Steel's P/E ratio

Olympic Steel's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 51x. In other words, Olympic Steel shares trade at around 51x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Olympic Steel's PEG ratio

Olympic Steel's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.46. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Olympic Steel's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Olympic Steel's EBITDA

Olympic Steel's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $9.4 million.

The EBITDA is a measure of a Olympic Steel's overall financial performance and is widely used to measure a its profitability.

Olympic Steel financials

Revenue TTM	$1.2 billion
Operating margin TTM	0.05%
Gross profit TTM	$255 million
Return on assets TTM	0.06%
Return on equity TTM	-1.84%
Profit margin	-0.45%
Book value	$27.18
Market capitalisation	$325.3 million

TTM: trailing 12 months

Shorting Olympic Steel shares

There are currently 362,615 Olympic Steel shares held short by investors – that's known as Olympic Steel's "short interest". This figure is 18.6% up from 305,797 last month.

There are a few different ways that this level of interest in shorting Olympic Steel shares can be evaluated.

Olympic Steel's "short interest ratio" (SIR)

Olympic Steel's "short interest ratio" (SIR) is the quantity of Olympic Steel shares currently shorted divided by the average quantity of Olympic Steel shares traded daily (recently around 181307.5). Olympic Steel's SIR currently stands at 2. In other words for every 100,000 Olympic Steel shares traded daily on the market, roughly 2000 shares are currently held short.

However Olympic Steel's short interest can also be evaluated against the total number of Olympic Steel shares, or, against the total number of tradable Olympic Steel shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Olympic Steel's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Olympic Steel shares in existence, roughly 30 shares are currently held short) or 0.0471% of the tradable shares (for every 100,000 tradable Olympic Steel shares, roughly 47 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Olympic Steel.

Find out more about how you can short Olympic Steel stock.

Olympic Steel share dividends

We're not expecting Olympic Steel to pay a dividend over the next 12 months.

Olympic Steel share price volatility

Over the last 12 months, Olympic Steel's shares have ranged in value from as little as $7.8218 up to $32.6. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Olympic Steel's is 1.6602. This would suggest that Olympic Steel's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Olympic Steel overview

Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts. The Specialty Metals Flat Products segment sells and distributes processed aluminum and stainless flat-rolled sheets and coil products, flat bar products, and fabricated parts, as well as stainless steel and aluminum plates, sheets, angles, rounds, flat bars, tubing and pipe, and prime tin mill products. The Tubular and Pipe Products segment distributes metal tubing products, pipes, bars, valves and fittings, and fabricated pressure parts. The company also provides various processing services comprising cutting-to-length, slitting, flattening, sawing and shearing, and value-added processing of blanking, tempering, plate burning, laser cutting, precision machining, welding, fabricating, bending, beveling, polishing, kitting, and painting to process metals to specified lengths, widths, and shapes.

Frequently asked questions

What percentage of Olympic Steel is owned by insiders or institutions?
Currently 16.147% of Olympic Steel shares are held by insiders and 68.161% by institutions. How many people work for Olympic Steel?
Latest data suggests 1,626 work at Olympic Steel. When does the fiscal year end for Olympic Steel?
Olympic Steel's fiscal year ends in December. Where is Olympic Steel based?
Olympic Steel's address is: 5096 Richmond Road, Bedford Heights, OH, United States, 44146 What is Olympic Steel's ISIN number?
Olympic Steel's international securities identification number is: US68162K1060 What is Olympic Steel's CUSIP number?
Olympic Steel's Committee on Uniform Securities Identification Procedures number is: 68162K106