Embecta Corp (NASDAQ:EMBC) price on Thursday, May 09, rose 35.30% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.90.
A look at the stock’s price movement, the level at last check in today’s session was $10.27. The PE ratio in trailing twelve months stood at 14.46. Turning to its 52-week performance, $32.00 and $9.93 were the 52-week high and 52-week low respectively. Overall, EMBC moved 21.89% over the past month.
Embecta Corp’s market cap currently stands at around $800.07 million. The company has a Forward Dividend ratio of 0.60, with its dividend yield at 4.32%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 264.7M for the company’s revenue for the quarter, with a low and high estimate of 264.49M and 265M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.11B, representing a -0.90% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EMBC is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
EMBC’s current price about 33.03% and 15.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.40, while 7-day volatility ratio is 3.23% and 3.83% in the 30-day chart. Further, Embecta Corp (EMBC) has a beta value of 0.83, and an average true range (ATR) of 0.74.
If we refocus on Embecta Corp (NASDAQ:EMBC), historical trading data shows that trading volumes averaged 439.61K over the past 3 months. The company’s latest data on shares outstanding shows there are 57.33 million shares.
The 4.00% of Embecta Corp’s shares are in the hands of company insiders while institutional holders own 94.60% of the company’s shares. Current price change has pushed the stock -26.60% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EMBC stock continues to rise going into the next quarter.
