Can Harsco Corporation (HSC) Add Value To Your Portfolio?


As of Wednesday close, Harsco Corporation’s (NYSE:HSC) stock was up $0.03, moving up 0.42 percent to $7.22. The average number of shares traded per day over the past five days has been 884,000 shares. 4 times new highs have been achieved over the past 5 days, with a $0.36 gain in that time frame. In the last twenty days, the average volume was 974,880, while in the previous 50 days, it was 825,042.

Since last month, HSC stock rose 51.05%. Shares of the company fell to $4.44 on 10/24/22, the lowest level in the past month. A 52-week high of $17.69 was reached on 01/05/22 after having rallying from a 52-week low of $3.73. Since the beginning of this year, HSC’s stock price has dropped by -56.79% or -$9.49, and marked a new high 2 times. However, the stock has declined by -59.19% since its 52-week high.

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HSC stock investors should be aware that Harsco Corporation (HSC) stock had its last reported insider trading activity 269 days ago on Feb 28. GRASBERGER F NICHOLAS III, the Chairman, President and CEO of the company, purchased of 25,000 shares for $11.92 on Feb 28. It resulted in a $298,000 investment by the insider. Aga Anshooman added 2,000 shares at an average price of $11.78 on Feb 28. The insider now owns 4,000 shares following the transaction.

Valuation Metrics

The stock’s beta is 1.87. Besides these, the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 1.00, and the price-to-cash flow ratio of 94.48 may also be considered.

The latest dividend of $0.0510 per share was paid out, which is -75.12% less than last year’s $0.2050.

Financial Health

In the three months ended June 29, Harsco Corporation’s quick ratio stood at 1.20, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.29, and the total debt-to-equity ratio was 2.33. On the profitability front, the trailing twelve-month gross margin is 16.80% percent. In the year ended June 29, operating margins totaled -3.80%. Based on annual data, HSC earned $357.84 million in gross profit and brought in $1.85 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.50%. Return on equity (ROE) for the past 12 months was -25.40%.

In Harsco Corporation’s quarter-end financial report for June 29, it reported total debt of $1.31 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Harsco Corporation to report -$0.01 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated $70.55 million in EBITDA. The liabilities of Harsco Corporation were 2.15 billion at the end of its most recent quarter ended June 29, and its total debt was $1.43 billion. The value of shareholders’ equity is $79.47 million.

Technical Picture

This quick technical analysis looks at Harsco Corporation’s (HSC) price momentum. With a historical volatility rate of 55.08%, the RSI 9-day stood at 71.99% on 23 November.

With respect to its five-day moving average, the current Harsco Corporation price is up by +5.25% percent or $0.36. At present, HSC shares trade +49.79% above its 20-day simple moving average and +6.18% percent above its 100-day simple moving average. However, the stock is currently trading approximately +38.85% above its SMA50 and -54.39% below its SMA200.

Stochastic coefficient K was 88.77% and Stochastic coefficient D was 85.95%, while ATR was 0.41. Given the Stochastic reading of 92.40% for the 14-day period, the RSI (14) reading has been calculated as 69.11%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 0.36.

Analyst Ratings

BMO Capital Markets launched its rating on Harsco Corporation (NYSE: HSC) to a Market perform in a note to investors on July 12, 2022. Harsco Corporation (HSC) has been rated Overweight by analysts. According to 0 brokerage firms, HSC is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Harsco Corporation stock as buy, with 4 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $7.00 – $19.00. Based on these forecasts, analysts predict Harsco Corporation (HSC) will achieve an average price target of $12.20.


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