As of Friday close, Harsco Corporation’s (NYSE:HSC) stock was down -$0.41, moving down -5.69 percent to $6.79. The average number of shares traded per day over the past five days has been 1,294,040 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.62 fall in that time frame. In the last twenty days, the average volume was 850,620, while in the previous 50 days, it was 578,050.
Since last month, HSC stock retreated -20.02%. Shares of the company fell to $6.66 on 03/16/23, the lowest level in the past month. A 52-week high of $13.77 was reached on 02/28/23 after having rallying from a 52-week low of $3.73. Since the beginning of this year, HSC’s stock price has risen by 7.95% or $0.50, and marked a new high 17 times. However, the stock has declined by -50.69% since its 52-week high.
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Valuation Metrics
The stock’s beta is 2.10. Besides these, the trailing price-to-sales (P/S) ratio of 0.30, the price-to-book (PB) ratio of 0.95, and the price-to-cash flow ratio of 42.45 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 December 30, Harsco Corporation’s quick ratio stood at 1.10, 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 December 30 was 2.35, and the total debt-to-equity ratio was 2.38. On the profitability front, the trailing twelve-month gross margin is 17.80% percent. In the year ended December 30, operating margins totaled -3.20%. Based on annual data, HSC earned $335.73 million in gross profit and brought in $1.89 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 -3.70%. Return on equity (ROE) for the past 12 months was -29.30%.
In Harsco Corporation’s quarter-end financial report for December 30, it reported total debt of $1.34 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HSC’s revenue rose 56.13% to $486.91 million during the quarter, while net income inched up to $468.3 million. While analysts expected Harsco Corporation to report -$0.07 quarterly earnings, the actual figure was $0.01 per share, beating the consensus estimate by 114.30%. During the quarter, the company generated $42.07 million in EBITDA. The liabilities of Harsco Corporation were 2.17 billion at the end of its most recent quarter ended December 30, and its total debt was $1.46 billion. The value of shareholders’ equity is $79.5 million.
Technical Picture
This quick technical analysis looks at Harsco Corporation’s (HSC) price momentum. With a historical volatility rate of 79.05%, the RSI 9-day stood at 35.90% on 17 March.
With respect to its five-day moving average, the current Harsco Corporation price is down by -8.37% percent or -$0.62. At present, HSC shares trade -18.59% below its 20-day simple moving average and +44.47% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.88% above its SMA50 and -18.19% below its SMA200.
Stochastic coefficient K was 12.14% and Stochastic coefficient D was 14.07%, while ATR was 0.51. Given the Stochastic reading of 5.94% for the 14-day period, the RSI (14) reading has been calculated as 38.76%. As of today, the MACD Oscillator reading stands at -0.32, while the 14-day reading stands at -0.64.
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 2 recommending it as overweight.
With a median target price of $11.00, the current consensus forecast for the stock is $9.50 – $19.00. Based on these forecasts, analysts predict Harsco Corporation (HSC) will achieve an average price target of $12.63.