In last trading session, Embecta Corp (NASDAQ:EMBC) saw 0.37 million shares changing hands with its beta currently measuring 1.16. Company’s recent per share price level of $20.51 trading at -$0.08 or -0.39% at ring of the bell on the day assigns it a market valuation of $1.18B. That closing price of EMBC’s stock is at a discount of -1.41% from its 52-week high price of $20.80 and is indicating a premium of 51.58% from its 52-week low price of $9.93. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.56 million shares which gives us an average trading volume of 394.71K if we extend that period to 3-months.
For Embecta Corp (EMBC), analysts’ consensus is at an average recommendation of Sell while assigning it a mean rating of 2.75. Splitting up the data highlights that, out of 1 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.49 in the current quarter.
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Embecta Corp (NASDAQ:EMBC) trade information
Upright in the red during last session for losing -0.39%, in the last five days EMBC remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $20.51 price level, adding 1.68% to its value on the day. Embecta Corp’s shares saw a change of 8.35% in year-to-date performance and have moved 46.50% in past 5-day. Embecta Corp (NASDAQ:EMBC) showed a performance of 43.13% in past 30-days. Number of shares sold short was 1.77 million shares which calculate 6.31 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 19 to the stock, which implies a fall of -7.95% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 26. It follows that stock’s current price would jump 41.49% in reaching the projected high whereas dropping to the targeted low would mean a gain of 41.49% for stock’s current value.
Embecta Corp (EMBC) estimates and forecasts
Statistics highlight that Embecta Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 65.80% of value to its shares in past 6 months, showing an annual growth rate of -6.94% while that of industry is 5.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.07% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 264.14M for the same. And 4 analysts are in estimates of company making revenue of 276.82M in the next quarter. Company posted 277.3M and 287.2M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 6.43% while estimates for its earnings growth in next 5 years are of -7.30%.
Embecta Corp (NASDAQ:EMBC)’s Major holders
Insiders are in possession of 0.47% of company’s total shares while institution are holding 98.23 percent of that, with stock having share float percentage of 98.69%. Investors also watch the number of corporate investors in a company very closely, which is 98.23% institutions for Embecta Corp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at EMBC for having 9.19 million shares of worth $114.93 million. And as of 2024-06-30, it was holding 15.9379 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 7.29 million shares on 2024-06-30. The number of shares represents firm’s hold over 12.6343 of outstanding shares, having a total worth of $91.1 million.
On the other hand, iShares Core S&P Smallcap ETF and American Century Small Cap Value Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 3.9 shares of worth $81.23 million or 6.76% of the total outstanding shares. The later fund manager was in possession of 2.35 shares on Sep 30, 2024 , making its stake of worth around $48.85 million in the company or a holder of 4.06% of company’s stock.
