The stock of Sealed Air Corporation (NYSE:SEE) decreased by -$0.93 on Tuesday to finish at $36.55, down -2.48 percent. The last five days have seen an average of 2,174,460 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$13.33. The average number of shares traded over the last 20 days was 1,910,935, while the average volume over the last 50 days totaled 1,703,904.
SEE stock dropped -17.74% since last month. On 08/15/23, the company’s shares reached a one-month low of $36.53. The stock touched a high of $59.66 on 02/02/23, after rallying from a low of $37.06 in 52 weeks. The price of SEE stock has declined by -26.72% or -$13.33 this year, reaching a new high 9 times. Still, the stock price is down -38.74% from the 52-week high.
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Insider Transactions
SEE stock investors should be aware that Sealed Air Corporation (SEE) stock had its last reported insider trading activity 285 days ago on Nov 04. On Nov 04, Director Whitaker Jerry R. acquired 500 shares at $43.56 each. This transaction resulted in the insider spending $21,780. On Nov 03, Ahmad Zubaid added 1,200 shares at a price of US$42.12. After the transaction, the insider now owns 1,200 shares. Senior Vice President Pupkin Sergio A had earlier bought 1,000 shares on Nov 02 for $44.33 a share. The transaction was completed for $44,330.
Valuation Metrics
Sealed Air Corporation (SEE) has a trailing price-to-earnings (P/E) ratio of 13.87. Beta for the stock is 1.30. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.97, the price-to-book (PB) ratio of 15.23, and the price-to-cash flow ratio of 14.32.
Company paid $0.20 per share in dividends, remained unchanged from $0.20 last year. A $0.04 dividend increase was reported on Tuesday May 18 2021.
Financial Health
For the three months ended June 29, Sealed Air Corporation’s quick ratio was 0.60, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 13.39, and the total debt to equity ratio is 13.94. As far as profitability goes, gross margin for the trailing twelve months is 30.40% percent. Sealed Air Corporation’s EBITDA margin for the year ended June 29 was 20.27%, whereas its operating margin stood at 16.90% for the same period. Based on annual data, it had gross profit of $1.77 billion and revenue of $5.64 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SEE’s return on assets (ROA) during the last 12 months has been 7.60%. There was a 17.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 177.40%.
Earnings Surprise
According to Sealed Air Corporation’s quarterly financial report for the quarter that ended June 29, it had $4.64 billion in total debt versus $190.2 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.38 billion, while revenues fell by -2.69% to $1.35 billion. It was predicted that Sealed Air Corporation’s quarterly earnings would be $0.8, but it ended up being $0.67, beating the consensus by 19.40%. EBITDA was $275.2 million for the quarter. At the end of Sealed Air Corporation’s most recent quarter ended June 29, its liabilities totaled 7.11 billion, while its total debt was $5.07 billion. Equity owned by shareholders amounts to $144.41 million.
Technical Picture
Here’s a quick look at Sealed Air Corporation’s (SEE) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 10.90%, suggesting the stock is oversold, with a 40.62% historical volatility rate.
The stochastic %K and %D were 2.15% and 5.87% respectively, while the average true range (ATR) was 1.31. Based on the 14-day stochastic reading of 0.19%, the RSI (14) reading is 20.79%. On the 9-day MACD Oscillator, the stock is at -2.98, and the 14-day reading is at -4.82.
Analyst Ratings
Sealed Air Corporation (NYSE: SEE) was downgraded by UBS to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Sealed Air Corporation (SEE) an Overweight rating. SEE is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 5 others recommend it as a buy.
What is SEE’s price target for the next 12 months?
The current consensus forecast for the stock is between $41.00 and $57.00, with a median target price of $45.50. In analyzing these forecasts, the average price target given by analysts for Sealed Air Corporation (SEE) is $46.90.
