The following stocks (NYSE:NUE, NYSE:NFG and NYSE:UGP) are close to 52-week low. For information, the 52-week low serves as an indicator for potential investors. Investor’s will often determine the 52-week low for a stock when looking at its current price. If the price is near or approaching the 52-week low, investors might consider it a good time to buy because the stock could be undervalued. Also, the market could have overreacted to a company’s bad news. Hence, it is possible that stocks trading near their 52-week low could be worth buying.
Nucor Corp (NYSE:NUE)(Trend analysis) shares traded close to their lowest level in a year. The Steel Producing company’s share price is currently trading 2.86% above its 52-week-low. The 1-year stock price history is in the range of $40.51 – $58.76. Nucor Corp is currently valued at $13.32 billion. The stock has a 50-day moving average of $44.04 and a 200-day moving average of $46.54.
There are currently eighteen analysts that cover Nucor Corp stock. Of those eighteen, ten have a Buy rating, eight have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $52.19.
The stock closed last trading session at $41.67, down by -2.82%.
National Fuel Gas Co (NYSE:NFG)(Trend analysis) shares were traded at $52.08, down by -2.67%, close to the 52-week low of $50.82, with a volume of 372,146 shares against an average volume for the last 3 months of 482,035. This represents a volume multiple of 0
National Fuel Gas Co (NFG) current short interest stands at 3.91 million shares. It has decreased by 8% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.54 million shares, the number of days required to cover the short positions stand at 7.3 days.
A recent stock analyst activity consisted of Jefferies upgrading their Hold rating to Buy on July 23. Jefferies set their price target at $68.
Ultrapar Participacoes SA (ADR) (NYSE:UGP)(Trend analysis) shares are also trading near the 52-week low of $16.35. The stock closed last trading session at $16.74, down by -2.56%, with a volume of 552,925 shares compared to an average volume for the last 3 months of 576,638. The year-to-date performance of the stock stands at -24.11%.
Ultrapar Participacoes SA (ADR) (UGP) current short interest stands at 7.26 million shares. It has increased by 11% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.93 million shares, the number of days required to cover the short positions stand at 7.8 days.