WS Stock Summary and Trading Ideas (Worthington Steel Common Shares | NYSE:WS)

Worthington Steel Inc is one of North America's premier value-added steel processors with the ability to provide a diversified range of products and services that span a variety of end markets. It maintains market-leading positions in the North American carbon flat-rolled steel and tailor-welded blanks industries.

Worthington Steel Common Shares trades on the NYSE stock market under the symbol WS.

As of May 10, 2024, WS stock price declined to $31.95 with 87,734 million shares trading.

WS has a beta of 2.48, meaning it tends to be more sensitive to market movements. WS has a correlation of 0.20 to the broad based SPY ETF.

WS has a market cap of $1.61 billion. This is considered a Small Cap stock.

Last quarter Worthington Steel Common Shares reported $806 million in Revenue and $.99 earnings per share. This beat revenue expectation by $105 million and exceeded earnings estimates by $.15.

The top ETF exchange traded funds that WS belongs to (by Net Assets): IJR, VTI, VB, VBR, IWM.

WS support price is $31.15 and resistance is $33.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WS stock will trade within this expected range on the day.