CECO Environmental Corp. (NASDAQ:CECO) saw an upside of 21.64% to $14.28 after adding $2.54 on Tuesday. The 5-day average trading volume is 263,878 shares of the company’s common stock. It has gained $14.56 in the past week and touched a new high 2 times within the past 5 days. An average of 232,544 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 345,040.
CECO’s 1-month performance is 9.43% or $1.05 on its low of $11.46 reached on 08/04/23. The company’s shares have touched a 52-week low of $8.41 and high of $16.73, with the stock’s rally to the 52-week high happening on 03/06/23. YTD, CECO has achieved 22.26% or $2.44 and has reached a new high 14 times. However, the current price is down -14.64% from the 52-week high price.
Insider Transactions
CECO stock investors last saw insider trading activity on Mar 28.Gohr Paul M (Chief Accounting Officer) most recently sold 11,880 shares at $14.41 per share on Mar 28. This transaction cost the insider $171,191. Chief Operating Officer, Nuggihalli Ramesh, sold 12,115 shares at a price of $14.75 on Mar 10. Then, on Dec 29, Chief Executive Officer Gleason Todd R sold 11,000 shares at a price of $11.59 per share. This transaction amounted to $127,436.
Valuation Metrics
CECO stock has a beta of 1.30. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.12 while the price-to-book (PB) in the most recent quarter is 2.27, with the price to cash flow ratio at 39.51.
CECO Environmental Corp.’s quick ratio for the period ended March 30 was 1.00, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.65, while the total debt to equity was 0.67. In terms of profitability, the gross margin trailing 12 months is 30.90%. The trailing 12-month EBITDA margin is 9.12% while for the period ending March 30, CECO Environmental Corp.’s operating margin was 5.10%. The firm’s gross profit as reported stood at $128.22 million against revenue of $422.63 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -610.61% to $1.98 million, while revenue of $1.94 million was 2.02% off the previous quarter. Analysts expected CECO to announce $0.09 per share in earnings in its latest quarter, but it posted $0.1, representing a 11.10% surprise. EBITDA for the quarter stood at more than $8.44 million. CECO stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 345.39 million, with total debt at $158.3 million. Shareholders hold equity totaling $34.59 million.
Let’s look briefly at CECO Environmental Corp. (CECO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 74.16% to suggest the stock is trending Overbought, with historical volatility in this time period at 96.84%.
The stock’s 5-day moving average is $12.18, reflecting a +17.37% or $2.09 change from its current price. CECO is currently trading +9.63% above its 20-day SMA, +6.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +24.41% and SMA200 by+37.49%.
Stochastic %K and %D was 35.08% and 18.02% and the average true range (ATR) pointed at 0.73. The RSI (14) points at 66.61%, while the 14-day stochastic is at 85.81% with the period’s ATR at 0.65. The stock’s 9-day MACD Oscillator is pointing at 0.41 and 0.16 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for CECO stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CECO as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is CECO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $17.00 and a high of $24.00, with their median price target at $20.00. Looking at these predictions, the average price target given by analysts is for CECO Environmental Corp. (CECO) stock is $20.00.
