NASDAQ:STCN

Steel Connect (STCN) Stock Forecast, Price & News

$11.19

+0.25 (+2.29%)

(As of 09/22/2023 ET)

Compare

Today's Range: $10.90
▼
$11.75
50-Day Range: $8.39
▼
$12.19
52-Week Range: $6.35
▼
$14.28

Volume: 12,645 shs
Average Volume: 13,488 shs
Market Capitalization: $69.94 million

P/E Ratio: 13.32
Dividend Yield: N/A
Price Target: N/A

About Steel Connect (NASDAQ:STCN) Stock

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 also 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. 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 Smyrna, Tennessee.

STCN Price History

30 days | 90 days | 365 days | Advanced Chart

STCN Stock News Headlines

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%

September 23, 2023 | Chaikin Analytics (Ad)

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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

September 23, 2023 | Chaikin Analytics (Ad)

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May 31, 2023 | finance.yahoo.com

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

April 18, 2023 | finance.yahoo.com

Steel Connect, Inc.'s (NASDAQ:STCN) Share Price Is Matching Sentiment Around Its Revenues

March 18, 2023 | finance.yahoo.com

Steel Connect Second Quarter 2023 Earnings: US$0.018 loss per share (vs US$0.034 loss in 2Q 2022)

March 16, 2023 | msn.com

Steel Connect GAAP EPS of -$0.02, revenue of $50.8M

March 15, 2023 | finance.yahoo.com

Steel Connect Reports Second Quarter Fiscal 2023 Financial Results

February 15, 2023 | finance.yahoo.com

Steel Connect (NASDAQ:STCN) shareholders have endured a 49% loss from investing in the stock five years ago

December 14, 2022 | finance.yahoo.com

Steel Connect Reports First Quarter Fiscal 2023 Financial Results

November 9, 2022 | finance.yahoo.com

Steel Connect Reports Fourth Quarter Fiscal 2022 Financial Results

September 30, 2022 | finance.yahoo.com

Steel Connect Announces Adjournment of Annual Meeting

September 20, 2022 | seekingalpha.com

STCN Steel Connect, Inc.

September 19, 2022 | finance.yahoo.com

Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Steel Connect Stockholders Vote "FOR" All Proposals Regarding Merger with Steel Partners

August 19, 2022 | seekingalpha.com

Steel Partners: Company Expects To Ride On Favorable Pricing

August 19, 2022 | apnews.com

Labaton Sucharow Researching Possible Violations of Law - Steel Connect Inc. (STCN)

July 14, 2022 | apnews.com

Hillandale Advisors Delivers Open Letter To Steel Connect’s Board of Directors

July 14, 2022 | finance.yahoo.com

Hillandale Advisors Delivers Open Letter To Steel Connect's Board of Directors

July 13, 2022 | apnews.com

INVESTIGATION NOTICE: Halper Sadeh LLP Investigates SMED, CVET, STCN

June 22, 2022 | apnews.com

STEEL CONNECT INVESTIGATION REMINDER: Scott+Scott Attorneys at Law LLP Investigates Steel Partners Buyout of Steel Connect – STCN, SPLP

June 15, 2022 | benzinga.com

Shareholder Alert - The M&A Class Action Firm Announces an Investigation of Steel Connect, Inc. - STCN

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STCN Company Calendar

Last Earnings: 10/16/2017
Today: 9/22/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 7/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
Sub-Industry: Data Processing & Outsourced Services
Sector: Computer and Technology
Current Symbol: NASDAQ:STCN
CUSIP: 60786L10
CIK: 914712
Web: www.moduslink.com
Phone: (914) 461-1276
Fax: 781-663-5100
Employees: 1,100
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.8403
Trailing P/E Ratio: 13.32
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-10,970,000.00
Net Margins: 4.35%
Pretax Margin: 5.62%
Return on Equity: -163.46%
Return on Assets: 7.12%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.43
Quick Ratio: 1.34

Sales & Book Value

Annual Sales: $203.27 million
Price / Sales: 0.34
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($1.42) per share
Price / Book: -7.88

Miscellaneous

Outstanding Shares: 6,250,000
Free Float: 6,138,000
Market Cap: $69.94 million
Optionable: Optionable
Beta: 0.33

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Key Executives

Mr. Warren G. Lichtenstein (Age 58)
Exec. Chairman & Interim CEO
Comp: $125k

Mr. Fawaz Khalil (Age 53)
CEO & Pres of ModusLink Corp.
Comp: $330.99k

Mr. Ryan O'Herrin (Age 45)
Chief Financial Officer

Mr. Tim Barclay
Chief Operating Officer

Mr. Gary W. Tankard (Age 48)
Chief Accounting Officer

Mr. Neil Hampshire
Chief Information Officer & Sr. VP

Mr. Michael Macmanus
VP, Gen. Counsel, & Sec.

Mr. Glenn Brower
VP of Sales

Mr. Hans Veenendaal
Chief Commercial Officer

Mr. John Ashe (Age 55)
Chief Exec. Officer of IWCO Direct Holdings, Inc.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

STCN Stock - Frequently Asked Questions

How have STCN shares performed in 2023?: Steel Connect's stock was trading at $0.0356 on January 1st, 2023. Since then, STCN shares have increased by 31,340.4% and is now trading at $11.19.
View the best growth stocks for 2023 here.
When is Steel Connect's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our STCN earnings forecast.
How were Steel Connect's earnings last quarter?: Steel Connect, Inc. (NASDAQ:STCN) posted its quarterly earnings data on Monday, October, 16th. The technology company reported $0.00 earnings per share (EPS) for the quarter. The technology company had revenue of $99.78 million for the quarter. Steel Connect had a net margin of 4.35% and a negative trailing twelve-month return on equity of 163.46%. During the same quarter in the previous year, the business posted ($0.01) earnings per share.
When did Steel Connect's stock split?: Shares of Steel Connect 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 distributed to shareholders after the market closes 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).
What is Steel Connect's stock symbol?: Steel Connect trades on the NASDAQ under the ticker symbol "STCN."

Who are Steel Connect's major shareholders?: Steel Connect's stock is owned by many different retail and institutional investors. Top institutional investors include Steel Partners Holdings L.P. (31.17%), Gabelli Funds LLC (5.17%), Renaissance Technologies LLC (3.15%), Gamco Investors INC. ET AL (2.34%), Gamco Investors INC. ET AL (2.34%) and NJ State Employees Deferred Compensation Plan (0.34%).
View institutional ownership trends.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Steel Connect's stock price today?: One share of STCN stock can currently be purchased for approximately $11.19.
How much money does Steel Connect make?: Steel Connect (NASDAQ:STCN) has a market capitalization of $69.94 million and generates $203.27 million in revenue each year. The technology company earns $-10,970,000.00 in net income (profit) each year or $0.8403 on an earnings per share basis.
How many employees does Steel Connect have?: The company employs 1,100 workers across the globe.
How can I contact Steel Connect?: Steel Connect's mailing address is 1601 TRAPELO ROAD SUITE 170, WALTHAM MA, 02451. The official website for the company is www.moduslink.com. The technology company can be reached via phone at (914) 461-1276, via email at ir@moduslink.com, or via fax at 781-663-5100.

This page (NASDAQ:STCN) was last updated on 9/23/2023 by MarketBeat.com Staff

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