Embecta Corp. (NASDAQ:EMBC) saw a downside of -1.89% to close Friday at $18.20 after subtracting -$0.35 on the day. The 5-day average trading volume is 563,640 shares of the company’s common stock. It has gained $21.05 in the past week and touched a new high 1 time within the past 5 days. An average of 714,500 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 662,036.
EMBC’s 1-month performance is -7.89% or -$1.86 on its low of $17.96 reached on 08/18/23. The company’s shares have touched a 52-week low of $18.49 and high of $36.64, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, EMBC has lost -28.03% or -$7.09 and has reached a new high 11 times. However, the current price is down -50.33% from the 52-week high price.
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Valuation Metrics
EMBC stock has a beta of 0.56. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.95 while the price to cash flow ratio at 15.14.
Embecta Corp.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 2.00. In terms of profitability, the gross margin trailing 12 months is 66.90%. The trailing 12-month EBITDA margin is 36.28% while for the period ending June 29, Embecta Corp.’s operating margin was 17.30%. The firm’s gross profit as reported stood at $774.9 million against revenue of $1.13 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -310.53% to $15.2 million, while revenue of $14.0 million was 7.89% off the previous quarter. Analysts expected EMBC to announce $0.46 per share in earnings in its latest quarter, but it posted $0.26, representing a -43.50% surprise. EBITDA for the quarter stood at more than $61.0 million. EMBC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.06 billion, with total debt at $1.66 billion. Shareholders hold equity totaling $57.3 million.
Let’s look briefly at Embecta Corp. (EMBC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 19.34% to suggest the stock is trending oversold, with historical volatility in this time period at 31.54%.
The stock’s 5-day moving average is $19.18, reflecting a -12.63% or -$2.63 change from its current price. EMBC is currently trading -10.96% above its 20-day SMA, -40.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -35.48% and SMA200 by-41.14%.
Stochastic %K and %D was 1.97% and 2.64% and the average true range (ATR) pointed at 0.86. The RSI (14) points at 26.29%, while the 14-day stochastic is at 4.15% with the period’s ATR at 0.87. The stock’s 9-day MACD Oscillator is pointing at -1.59 and -2.01 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Embecta Corp. (NASDAQ: EMBC), Morgan Stanley downgraded it to an Underweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for EMBC stock have a consensus rating for the stock as Underweight. Currently, 1 brokerage advisors rate EMBC as a “sell,”, while 1 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is EMBC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $19.00 and a high of $25.00, with their median price target at $22.00. Looking at these predictions, the average price target given by analysts is for Embecta Corp. (EMBC) stock is $22.00.
