The stock of Stericycle Inc. (NASDAQ:SRCL) increased by $0.52 on Friday to finish at $45.38, up 1.16 percent. The last five days have seen an average of 555,040 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$4.51. The average number of shares traded over the last 20 days was 509,835, while the average volume over the last 50 days totaled 471,004.
SRCL stock dropped -0.57% since last month. On 07/27/23, the company’s shares reached a one-month low of $41.26. The stock touched a high of $56.12 on 02/02/23, after rallying from a low of $39.63 in 52 weeks. The price of SRCL stock has declined by -9.04% or -$4.51 this year, reaching a new high 10 times. Still, the stock price is down -19.14% from the 52-week high.
Insider Transactions
SRCL stock investors should be aware that Stericycle Inc. (SRCL) stock had its last reported insider trading activity 68 days ago on Jun 07. On Jun 07, EVP & Chief People Officer Reuter Joseph Anthony acquired 7,000 shares at $44.09 each. This transaction resulted in the insider spending $308,619. On Feb 24, Gursahaney Naren K added 6,000 shares at a price of US$47.91. After the transaction, the insider now owns 6,000 shares.
Valuation Metrics
Stericycle Inc. (SRCL) has a trailing price-to-earnings (P/E) ratio of 194.76. Beta for the stock is 1.22. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.53, the price-to-book (PB) ratio of 1.69, and the price-to-cash flow ratio of 16.76.
Financial Health
For the three months ended June 29, Stericycle Inc.’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.52, and the total debt to equity ratio is 0.53. As far as profitability goes, gross margin for the trailing twelve months is 38.00% percent. Stericycle Inc.’s EBITDA margin for the year ended June 29 was 15.98%, whereas its operating margin stood at 4.60% for the same period. Based on annual data, it had gross profit of $1.03 billion and revenue of $2.7 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SRCL’s return on assets (ROA) during the last 12 months has been 0.40%. There was a 3.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.90%.
Earnings Surprise
According to Stericycle Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $669.5 million, while revenues fell by -1.54% to $684.3 million. It was predicted that Stericycle Inc.’s quarterly earnings would be $0.43, but it ended up being $0.49, beating the consensus by -12.20%. EBITDA was $30.1 million for the quarter. At the end of Stericycle Inc.’s most recent quarter ended June 29, its liabilities totaled 2.73 billion, while its total debt was $1.76 billion. Equity owned by shareholders amounts to $92.52 million.
Technical Picture
Here’s a quick look at Stericycle Inc.’s (SRCL) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 62.01%, suggesting the stock is Neutral, with a 18.68% historical volatility rate.
The stochastic %K and %D were 65.61% and 56.08% respectively, while the average true range (ATR) was 1.19. Based on the 14-day stochastic reading of 73.70%, the RSI (14) reading is 56.29%. On the 9-day MACD Oscillator, the stock is at 1.47, and the 14-day reading is at 1.34.
Analyst Ratings
In its analyst report released on April 18, 2023, Truist began covering Stericycle Inc. (NASDAQ: SRCL). The stock was rated as a Hold by the brokerage firm. Analysts have assigned Stericycle Inc. (SRCL) an Hold rating. SRCL is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is SRCL’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.00 and $70.00, with a median target price of $55.00. In analyzing these forecasts, the average price target given by analysts for Stericycle Inc. (SRCL) is $56.25.
