Embecta Corp (NASDAQ:EMBC)’s traded shares stood at 0.43 million during the last session, with the company’s beta value hitting 1.20. At the close of trading, the stock’s price was $19.24, to imply a decrease of -3.12% or -$0.62 in intraday trading. The EMBC share’s 52-week high remains $21.48, putting it -11.64% down since that peak but still an impressive 48.39% since price per share fell to its 52-week low of $9.93. The company has a valuation of $1.11B, with an average of 0.62 million shares in intraday trading volume over the past 10 days and average of 385.96K shares over the past 3 months.
Analysts have given a consensus recommendation of Sell for Embecta Corp (EMBC), translating to a mean rating of 2.75. Of 1 analyst(s) looking at the stock, 1 analyst(s) give EMBC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.47.
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Embecta Corp (NASDAQ:EMBC) trade information
After registering a -3.12% downside in the last session, Embecta Corp (EMBC) has traded red over the past five days. The 5-day price performance for the stock is -7.63%, and 17.82% over 30 days. With these gigs, the year-to-date price performance is 1.64%. Short interest in Embecta Corp (NASDAQ:EMBC) saw shorts transact 1.77 million shares and set a 6.31 days time to cover.
The extremes give us $20 and $26 for target low and target high price respectively. As such, EMBC has been trading -35.14% off suggested target high and -3.95% from its likely low.
Embecta Corp (EMBC) estimates and forecasts
Looking at statistics comparing Embecta Corp share performance against respective industry, we note that the company has outperformed competitors. Embecta Corp (EMBC) shares are 54.66% up over the last 6 months, with its year-to-date growth rate higher than industry average at 15.92% against 7.70%. The rating firms project that company’s revenue will shrink -1.49% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 261.31M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 276.82M.Earnings reports from the last fiscal year show that sales brought in 277.3M and 287.2M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -5.77% before dropping -3.61% in the following quarter.
EMBC Dividends
Embecta Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Embecta Corp has a forward dividend ratio of 0.60, with the share yield ticking at 3.12% to continue the rising pattern observed over the past year.
Embecta Corp (NASDAQ:EMBC)’s Major holders
Embecta Corp insiders hold 0.47% of total outstanding shares, with institutional holders owning 98.23% of the shares at 98.69% float percentage. In total, 98.23% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 9.19 million shares (or 15.9379% of shares), all amounting to roughly $114.93 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 7.29 million shares, or about 12.6343% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $91.1 million.
