Embecta Corp (NASDAQ:EMBC) traded at $14.32 at close of the session on Tuesday, March 11 and made an upward move of 2.58% on its previous day’s price.
Embecta Corp has a market cap of $832.49 million and is expected to release its quarterly earnings report in April. With its Forward Dividend at 0.60 and a yield of 4.19%, the company’s investors could be anxious for the EMBC stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 261.77M, with a low of 252.8M and a high of 278.5M. The median projection represents growth adding up to -8.86% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.09B, or -2.91% down from figures reported last year.
On the other hand, looking at the outlook for the EMBC stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Embecta Corp (EMBC) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Sell and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the EMBC stock currently stands at 1.53, and the current price level is 0.61% off its SMA20 and -16.84% from its 50-day simple moving average. The RSI (14) is pointing at 44.56 while the volatility over the past week is 6.59% and jumps to 5.83% over the past one month. The beta value is 1.12, while the average true range (ATR) is currently pointing at 0.84. The average price target for the stock over the next 12 months is $23, with the estimates having a low of $20 and a high of $26. These price ends are -39.66% and -81.56% off the current price level respectively, although investors could be excited at the prospect of a -60.61% if the EMBC share price touches on the median price of $23.
