Embecta Corp (NASDAQ:EMBC) shares, rose in value on Friday, March 07, with the stock price down by -1.01% to the previous day’s close as strong demand from buyers drove the stock to $12.75.
Actively observing the price movement in the last trading, the stock closed the session at $12.88. The PE ratio was 12.68 over 12-month period. Referring to stock’s 52-week performance, its high was $21.48, and the low was $9.93. On the whole, EMBC has fluctuated by -29.95% over the past month.
With the market capitalization of Embecta Corp currently standing at about $741.21 million, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 4.71%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.09B, with a low estimate of 252.8M and a high estimate of 278.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 261.77M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EMBC’s technical picture suggests that short-term indicators denote the stock is a 100% 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 1.36, with the price of EMBC currently trading nearly -12.46% and -27.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.63, while the 7-day volatility ratio is showing 5.58% which for the 30-day chart, stands at 5.81%. Furthermore, Embecta Corp (EMBC)’s beta value is 1.20, and its average true range (ATR) is 0.79.
A comparison of Embecta Corp (EMBC) with its peers suggests the former has fared considerably weaker in the market. EMBC showed an intraday change of -1.01% in last session, and over the past year, it shrunk by -5.35%%.
Data on historical trading for Embecta Corp (NASDAQ:EMBC) indicates that the trading volumes over the past 3 months, they’ve averaged 466.25K. According to company’s latest data on outstanding shares, there are 58.13 million shares outstanding.
Nearly 7.95% of Embecta Corp’s shares belong to company insiders and institutional investors own 90.04% of the company’s shares. The stock has fallen by -38.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EMBC stock heading into the next quarter.
