Nice breakout $SGM #SGM. Consolidation, good washout and retestGood consolidation period for $SGM, good washout and retest.
Steel price remains strong. I am hoping for a better than expected result in Feb 2022. I currently hold a long position.
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−0.30 AUD
−57.80 M AUD
7.20 B AUD
157.95 M
About SIMS LIMITED
Sector
Industry
CEO
Stephen Mikkelsen
Website
Headquarters
Mascot
Founded
2005
ISIN
AU000000SGM7
FIGI
BBG000BSRH17
Sims Ltd. engages in the recycling of metal and electronics. It operates through the following segments: North America Metals (NAM), Australia, New Zealand Metals (ANZ), UK Metal (UK), Global Trading, Investment in SA Recycling (SAR), Sims Lifecycle Services (SLS), and Unallocated. The NAM segment consists of subsidiaries and joint ventures in the U.S. and Canada, which perform ferrous and non-ferrous secondary recycling functions. The ANZ segment includes subsidiaries and joint arrangements in Australia, New Zealand, and Papua New Guinea, which perform ferrous and non-ferrous secondary recycling functions. The UK segment consists of subsidiaries in the United Kingdom, which perform ferrous and non-ferrous secondary recycling functions. The Global Trading segment consists of the group’s ferrous and non-ferrous marketing subsidiaries that coordinate sales of ferrous bulk cargo shipments, non-ferrous sales into primarily China and Southeast Asia, and brokerage sales on behalf of third and related parties. The SAR segment consists of the group’s share of results from its investment in the SA Recycling joint venture. The SLS segment consists of subsidiaries, which provide electronic recycling solutions in the following countries: Australia, Germany, India, Ireland, Netherlands, New Zealand, Poland, Singapore, the United Kingdom, and the United States of America. The Unallocated segment contains unallocated corporate costs, interests in a joint venture in Australia, Sims Municipal Recycling, and Global Sustainability Insurance Corporation. The company was founded by Albert George Sims in 1917 and is headquartered in Mascot, Australia.
SGM looking to continue its positive momentumSGM Looking to either retest the lower trend line or push back up past Jan highs to resume upward momentum. Looking for a nice entry in the red circle if we see a retest.
Entry: 13.52 - 14.28
Stop: 12.26
Target: 15.68
Timeframe: 1-3 weeks
SGM.ASX_LongENTRY: 13.30
TP: 14.63
SL: 12.67
- ADX>25
- RSI>70
- MAs are aligned
- FFI and RSI +ve
- Break-up with good volume
rising wedge formingwhat a run I followed this thing from $10.50 but I think we're going to come back to the black channel for support soon
See all ideas
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Frequently Asked Questions
The current price of SGM is 11.67 AUD — it has decreased by −2.51% in the past 24 hours. Watch SIMS LIMITED stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on ASX exchange SIMS LIMITED stocks are traded under the ticker SGM.
SGM stock has fallen by −8.25% compared to the previous week, the month change is a −7.75% fall, over the last year SIMS LIMITED has showed a −25.48% decrease.
We've gathered analysts' opinions on SIMS LIMITED future price: according to them, SGM price has a max estimate of 15.40 AUD and a min estimate of 10.70 AUD. Watch SGM chart and read a more detailed SIMS LIMITED stock forecast: see what analysts think of SIMS LIMITED and suggest that you do with its stocks.
SGM stock is 2.83% volatile and has beta coefficient of 2.03. Track SIMS LIMITED stock price on the chart and check out the list of the most volatile stocks — is SIMS LIMITED there?
Today SIMS LIMITED has the market capitalization of 2.25 B, it has decreased by −3.49% over the last week.
Yes, you can track SIMS LIMITED financials in yearly and quarterly reports right on TradingView.
SIMS LIMITED is going to release the next earnings report on Feb 24, 2025. Keep track of upcoming events with our Earnings Calendar.
SGM earnings for the last half-year are −0.15 AUD per share, whereas the estimation was 0.01 AUD, resulting in a −1.60 K% surprise. The estimated earnings for the next half-year are 0.20 AUD per share. See more details about SIMS LIMITED earnings.
SIMS LIMITED revenue for the last half-year amounts to 4.92 B AUD, despite the estimated figure of 4.08 B AUD. In the next half-year revenue is expected to reach 3.90 B AUD.
SGM net income for the last half-year is −123.60 M AUD, while the previous report showed 65.80 M AUD of net income which accounts for −287.84% change. Track more SIMS LIMITED financial stats to get the full picture.
As of Dec 21, 2024, the company has 4.58 K employees. See our rating of the largest employees — is SIMS LIMITED on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. SIMS LIMITED EBITDA is 180.50 M AUD, and current EBITDA margin is 0.25%. See more stats in SIMS LIMITED financial statements.
Like other stocks, SGM shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade SIMS LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So SIMS LIMITED technincal analysis shows the sell today, and its 1 week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating SIMS LIMITED stock shows the strong sell signal. See more of SIMS LIMITED technicals for a more comprehensive analysis.
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