Here is the latest forecast and market data for Reliance Steel & Aluminum Co($RS)

Market Data

In this article we will be analyzing Reliance Steel & Aluminum Co. We will be looking over the current market data to assess wether or not it is a good investment. To get started, the stock opened this morning at $144.17 and has moved $4.09 from yesterday’s closing price of $144.67. The high for today is $149.72 and the low is $143.58. A great indicator of where a stock is trending is by looking at it’s 52-week high/low. This is a technical indicator used by some traders and investors who view these figures as an important factor in the analysis of a stock’s current value and as a predictor of its future price movement. The 52-week high for Reliance Steel & Aluminum Co is $181.205 and the low is $93.61. The volume (the number of shares traded in a stock or contracts traded in futures or options.) is 411648. Now that we know where Reliance Steel & Aluminum Co stands in price and volume, let’s learn more about the future of the company.

Forecast & Beta

As an investor, you can get an idea of where the stock is trending by the forecast and beta. Beta is calculated using regression analysis. A beta of 1 indicates that the security’s price tends to move with the market. A beta greater than 1 indicates that the security’s price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. Reliance Steel & Aluminum Co has a beta of 1.06014. Knowing all of this, we project that Reliance Steel & Aluminum Co will have a price of $168.3 in 12-months compared to it’s current price of $148.76 ($19.54 difference). We can also take a look at the comapany’s marketcap. Marketcap is important because it allows investors to understand the relative size of one company versus another. Market cap measures what a company is worth on the open market, as well as the market’s perception of its prospects, because it reflects what investors are willing to pay for its stock. Reliance Steel & Aluminum Co has a marketcap of $9456792000.

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