According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best steel stocks to buy right now are:
1. Mesabi Trust (NYSE:MSB)
Mesabi Trust (NYSE:MSB) is the #1 top steel stock out of 25 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Mesabi Trust (NYSE:MSB) is: Value: A, Growth: B, Momentum: A, Sentiment: C, Safety: D, Financials: B, and AI: C.
Mesabi Trust (NYSE:MSB) has a Due Diligence Score of 44, which is 14 points higher than the steel industry average of 30.
MSB passed 18 out of 38 due diligence checks and has strong fundamentals. Mesabi Trust has seen its stock return 53.31% over the past year, overperforming other steel stocks by 77 percentage points.
2. Ascent Industries Co (NASDAQ:ACNT)
The Component Grade breakdown for Ascent Industries Co (NASDAQ:ACNT) is: Value: C, Growth: B, Momentum: C, Sentiment: C, Safety: D, Financials: C, and AI: C.
Ascent Industries Co (NASDAQ:ACNT) has a Due Diligence Score of 24, which is -6 points lower than the steel industry average of 30.
ACNT passed 9 out of 38 due diligence checks and has weak fundamentals. Ascent Industries Co has seen its stock return 30.1% over the past year, overperforming other steel stocks by 54 percentage points.
3. Grupo Simec Sab De CV (NYSEMKT:SIM)
The Component Grade breakdown for Grupo Simec Sab De CV (NYSEMKT:SIM) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Grupo Simec Sab De CV (NYSEMKT:SIM) has a Due Diligence Score of 28, which is -2 points lower than the steel industry average of 30.
SIM passed 11 out of 38 due diligence checks and has average fundamentals. Grupo Simec Sab De CV has seen its stock lose -12.9% over the past year, overperforming other steel stocks by 11 percentage points.