Stericycle Inc. (NASDAQ:SRCL) shares, rose in value, with the stock price down by -0.43% to the previous day’s close as strong demand from buyers drove the stock to $46.31.
Actively observing the price movement in the last trading, the stock closed the session at $46.51. Referring to stock’s 52-week performance, its high was $57.06, and the low was $37.78. On the whole, SRCL has fluctuated by -12.79% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.71B, with a low estimate of 666.6M and a high estimate of 689M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 676.88M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SRCL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SRCL currently trading nearly -8.01% and -9.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.75, while the 7-day volatility ratio is showing 3.15% which for the 30-day chart, stands at 1.96%. Furthermore, Stericycle Inc. (SRCL)’s beta value is 1.10, and its average true range (ATR) is 1.18.
A comparison of Stericycle Inc. (SRCL) with its peers suggests the former has fared considerably weaker in the market. SRCL showed an intraday change of -0.43% in last session, and over the past year, it grew by 9.66%%.
Data on historical trading for Stericycle Inc. (NASDAQ:SRCL) indicates that the trading volumes over the past 3 months, they’ve averaged 475.60K. According to company’s latest data on outstanding shares, there are 92.20 million shares outstanding.
Nearly 0.49% of Stericycle Inc.’s shares belong to company insiders and institutional investors own 106.57% of the company’s shares. The stock has fallen by -6.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SRCL stock heading into the next quarter.
