How have STCN shares performed in 2024?

Steel Connect's stock was trading at $9.64 at the beginning of 2024. Since then, STCN shares have increased by 12.7% and is now trading at $10.86. View the best growth stocks for 2024 here .

Are investors shorting Steel Connect?

Steel Connect saw a drop in short interest in March. As of March 31st, there was short interest totaling 7,200 shares, a drop of 42.9% from the March 15th total of 12,600 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 1.4 days. Currently, 0.0% of the shares of the stock are short sold. View Steel Connect's Short Interest .

When is Steel Connect's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, June 10th 2024. View our STCN earnings forecast .

How were Steel Connect's earnings last quarter?

Steel Connect, Inc. (NASDAQ:STCN) released its quarterly earnings results on Friday, March, 15th. The technology company reported $0.18 earnings per share for the quarter. The technology company had revenue of $43.05 million for the quarter. Steel Connect had a net margin of 12.23% and a trailing twelve-month return on equity of 39.04%.

When did Steel Connect's stock split?

Steel Connect's stock split on the morning of Thursday, June 22nd 2023. The 375-1 split was announced on Thursday, June 22nd 2023. The newly issued shares were payable to shareholders after the closing bell on Thursday, June 22nd 2023. An investor that had 100 shares of stock prior to the split would have 37,500 shares after the split.

What other stocks do shareholders of Steel Connect own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Steel Connect investors own include Novavax (NVAX) , BIOLASE (BIOL) , Gevo (GEVO) , AcelRx Pharmaceuticals (ACRX) , Ayala Pharmaceuticals (ADXS) , Antares Pharma (ATRS) , Abraxas Petroleum (AXAS) , Biocept (BIOC) and Catalyst Biosciences (CBIO) .

How do I buy shares of Steel Connect?

Shares of STCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:STCN

Steel Connect (STCN) Stock Price, News & Analysis

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$10.86

+0.34 (+3.23%)

(As of 04/19/2024 ET)

Compare

Today's Range: $10.41
▼
$11.65
50-Day Range: $7.55
▼
$10.52
52-Week Range: $6.35
▼
$12.48

Volume: 17,652 shs
Average Volume: 6,228 shs
Market Capitalization: $68.31 million

P/E Ratio: 10.93
Dividend Yield: N/A
Price Target: N/A

Get Steel Connect alerts:

Steel Connect MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.02% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.47
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
$166,199 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.80 out of 5 stars

Computer And Technology Sector

331st out of 585 stocks

Business Services, Not Elsewhere Classified Industry

53rd out of 89 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Steel Connect.

5.0

Short Interest

Percentage of Shares Shorted
0.02% of the float of Steel Connect has been sold short.
Short Interest Ratio / Days to Cover
Steel Connect has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Steel Connect has recently decreased by 42.86%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Steel Connect does not currently pay a dividend.
Dividend Growth
Steel Connect does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for STCN.

3.0

News and Social Media Coverage

News Sentiment
Steel Connect has a news sentiment score of 1.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Steel Connect this week, compared to 0 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Steel Connect insiders have bought more of their company's stock than they have sold. Specifically, they have bought $166,199.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.80% of the stock of Steel Connect is held by insiders.
Percentage Held by Institutions
47.28% of the stock of Steel Connect is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Steel Connect is 10.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Steel Connect is 10.93, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 244.82.
Price to Book Value per Share Ratio
Steel Connect has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Steel Connect Stock (NASDAQ:STCN)

Steel Connect, Inc., together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services. The company provides fulfillment services comprising order management, pick, pack and ship, retail compliance, and demand planning services; and reverse logistics services that simplifies the returns process for retailers and manufacturers, as well as operates a cloud-based e-commerce platform. In addition, it offers warehousing and inventory management services; and software licenses, maintenance, and support services. Further, the company offers its supply chain services to customers in the consumer electronics, communications, computing, medical devices, software, and retail markets. The company was formerly known as ModusLink Global Solutions, Inc. and changed its name to Steel Connect, Inc. in February 2018. Steel Connect, Inc. was incorporated in 1986 and is headquartered in New York, New York.

STCN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

STCN Stock News Headlines

April 18, 2024 | insidertrades.com

Steel Connect, Inc. (NASDAQ:STCN) Director Steel Partners Holdings L.P. Purchases 18,605 Shares

April 19, 2024 | americanbankingnews.com

Steel Partners Holdings L.P. Purchases 18,605 Shares of Steel Connect, Inc. (NASDAQ:STCN) Stock

April 19, 2024 | Crypto 101 Media (Ad)

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April 11, 2024 | americanbankingnews.com

Steel Connect, Inc. (NASDAQ:STCN) Short Interest Update

March 15, 2024 | sfgate.com

Steel Connect: Fiscal Q2 Earnings Snapshot

March 15, 2024 | markets.businessinsider.com

Steel Connect Swings To Profit In Q4

March 15, 2024 | businesswire.com

Steel Connect Reports Second Quarter Fiscal 2024 Financial Results

February 9, 2024 | finance.yahoo.com

ModusLink Corporation Earns Intel’s 2023 EPIC Distinguished Supplier Award

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

February 9, 2024 | globenewswire.com

ModusLink Corporation Earns Intel's 2023 EPIC Distinguished Supplier Award

January 30, 2024 | finance.yahoo.com

Steel Connect (NASDAQ:STCN) shareholders have endured a 44% loss from investing in the stock three years ago

January 25, 2024 | tmcnet.com

Glancy Prongay & Murray LLP Announces Investigation of Steel Connect, Inc. (STCN)

January 22, 2024 | finance.yahoo.com

Steel Connect, Inc. Amends Tax Benefits Preservation Plan

December 19, 2023 | morningstar.com

Steel Connect Inc STCN

December 14, 2023 | msn.com

Steel Connect GAAP EPS of $0.15, revenue of $41.34M

December 14, 2023 | finance.yahoo.com

Steel Connect Reports First Quarter Fiscal 2024 Financial Results

November 8, 2023 | finance.yahoo.com

Steel Connect Inc (STCN) Reports Significant Increase in Net Income and Adjusted EBITDA for Q4 ...

November 8, 2023 | finance.yahoo.com

Steel Connect Reports Fourth Quarter Fiscal 2023 Financial Results

October 26, 2023 | msn.com

Alec Baldwin to make first convention signing appearance at Steel City Con

August 25, 2023 | finance.yahoo.com

Is Steel Connect Inc (STCN) Significantly Overvalued?

July 25, 2023 | finance.yahoo.com

The 19% return this week takes Steel Connect's (NASDAQ:STCN) shareholders three-year gains to 101%

July 21, 2023 | reuters.com

Dentons law firm sues ex-client Steel Connect for $1.7 million

July 21, 2023 | finance.yahoo.com

STCN - Steel Connect, Inc.

June 12, 2023 | finance.yahoo.com

Steel Connect Reports Third Quarter Fiscal 2023 Financial Results

June 7, 2023 | msn.com

Steel Connect announce reverse/forward stock split

June 7, 2023 | finance.yahoo.com

Steel Connect, Inc. Announces Reverse/Forward Stock Split

May 31, 2023 | finance.yahoo.com

Steel Connect (NASDAQ:STCN) Is Looking To Continue Growing Its Returns On Capital

See More Headlines

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Company Calendar

Last Earnings: 3/15/2024
Today: 4/19/2024
Next Earnings (Estimated): 6/10/2024
Fiscal Year End: 7/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Business services, not elsewhere classified
Sub-Industry: Data Processing & Outsourced Services
Current Symbol: NASDAQ:STCN
CUSIP: 60786L10
CIK: 914712
Web: www.moduslink.com
Phone: (914) 461-1276
Fax: 781-663-5100
Employees: 1,000
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.9935
Trailing P/E Ratio: 10.93
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $15.61 million
Net Margins: 12.23%
Pretax Margin: 13.00%
Return on Equity: 39.04%
Return on Assets: 6.05%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.25
Quick Ratio: 4.15

Sales & Book Value

Annual Sales: $189.09 million
Price / Sales: 0.36
Cash Flow: $3.56 per share
Price / Cash Flow: 3.05
Book Value: $10.98 per share
Price / Book: 0.99

Miscellaneous

Outstanding Shares: 6,290,000
Free Float: 6,173,000
Market Cap: $68.31 million
Optionable: No Data
Beta: 0.33

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Key Executives

Mr. Warren G. Lichtenstein (Age 59)
Executive Chairman & Interim CEO
Comp: $124k
Mr. Ryan O'Herrin (Age 46)
Chief Financial Officer
Mr. Tim Barclay
Chief Operating Officer
Mr. Gary W. Tankard (Age 49)
Chief Accounting Officer
Mr. Michael Macmanus
VP, General Counsel, & Secretary
Mr. Glenn Brower
Vice President of Sales
Mr. Hans Veenendaal
Chief Commercial Officer
Mr. John Ashe (Age 56)
Chief Executive Officer of IWCO Direct Holdings, Inc.
Comp: $489.48k
Mr. Fawaz Khalil (Age 54)
CEO & President of ModusLink Corporation
Comp: $330.99k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

STCN Stock Analysis - Frequently Asked Questions

How have STCN shares performed in 2024?: Steel Connect's stock was trading at $9.64 at the beginning of 2024. Since then, STCN shares have increased by 12.7% and is now trading at $10.86.
View the best growth stocks for 2024 here.
Are investors shorting Steel Connect?: Steel Connect saw a drop in short interest in March. As of March 31st, there was short interest totaling 7,200 shares, a drop of 42.9% from the March 15th total of 12,600 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 1.4 days. Currently, 0.0% of the shares of the stock are short sold.
View Steel Connect's Short Interest.
When is Steel Connect's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, June 10th 2024.
View our STCN earnings forecast.
How were Steel Connect's earnings last quarter?: Steel Connect, Inc. (NASDAQ:STCN) released its quarterly earnings results on Friday, March, 15th. The technology company reported $0.18 earnings per share for the quarter. The technology company had revenue of $43.05 million for the quarter. Steel Connect had a net margin of 12.23% and a trailing twelve-month return on equity of 39.04%.

When did Steel Connect's stock split?: Steel Connect's stock split on the morning of Thursday, June 22nd 2023. The 375-1 split was announced on Thursday, June 22nd 2023. The newly issued shares were payable to shareholders after the closing bell on Thursday, June 22nd 2023. An investor that had 100 shares of stock prior to the split would have 37,500 shares after the split.
What other stocks do shareholders of Steel Connect own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Steel Connect investors own include Novavax (NVAX), BIOLASE (BIOL), Gevo (GEVO), AcelRx Pharmaceuticals (ACRX), Ayala Pharmaceuticals (ADXS), Antares Pharma (ATRS), Abraxas Petroleum (AXAS), Biocept (BIOC) and Catalyst Biosciences (CBIO).
How do I buy shares of Steel Connect?: Shares of STCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:STCN) was last updated on 4/19/2024 by MarketBeat.com Staff

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