The stock of Societal CDMO Inc. (NASDAQ:SCTL) increased by $0.01 on Friday to finish at $0.41, up 0.75 percent. The last five days have seen an average of 1,567,220 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$1.0850. The average number of shares traded over the last 20 days was 442,715, while the average volume over the last 50 days totaled 259,860.
SCTL stock dropped -54.49% since last month. On 08/25/23, the company’s shares reached a one-month low of $0.3800. The stock touched a high of $1.86 on 02/15/23, after rallying from a low of $0.39 in 52 weeks. The price of SCTL stock has declined by -72.82% or -$1.0850 this year, reaching a new high 7 times. Still, the stock price is down -78.23% from the 52-week high.
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Insider Transactions
SCTL stock investors should be aware that Societal CDMO Inc. (SCTL) stock had its last reported insider trading activity 4 days ago on Aug 24. On Aug 24, Director Arens Mathew Paul acquired 6,250,000 shares at $0.40 each. This transaction resulted in the insider spending $2,500,000. On Apr 27, AWM Investment Company, Inc. sold 370,000 shares at a price of US$0.70. After the transaction, the insider now owns 8,476,052 shares.
Valuation Metrics
Beta for the stock is 1.02. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.41, the price-to-book (PB) ratio of 0.65.
Financial Health
For the recent quarter, Societal CDMO Inc.’s quick ratio was 1.70, while its current ratio was 2.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.57, and the total debt to equity ratio is 0.70. As far as profitability goes, gross margin for the trailing twelve months is 21.40% percent. Societal CDMO Inc.’s EBITDA margin for the recent year was 9.53%, whereas its operating margin stood at -8.70% for the same period. Based on annual data, it had gross profit of $23.14 million and revenue of $90.21 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SCTL’s return on assets (ROA) during the last 12 months has been -13.40%. There was a -6.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -41.50%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $21.8 million, while revenues fell by -6.19% to $21.53 million. EBITDA was $1.23 million for the quarter. At the end of Societal CDMO Inc.’s most recent quarter, its liabilities totaled 94.42 million, while its total debt was $82.22 million. Equity owned by shareholders amounts to $0.9 million.
Technical Picture
Here’s a quick look at Societal CDMO Inc.’s (SCTL) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 9.10%, suggesting the stock is oversold, with a 195.50% historical volatility rate.
The stochastic %K and %D were 7.47% and 8.71% respectively, while the average true range (ATR) was 0.0713. Based on the 14-day stochastic reading of 4.90%, the RSI (14) reading is 12.99%. On the 9-day MACD Oscillator, the stock is at -0.1043, and the 14-day reading is at -0.1809.
Analyst Ratings
Analysts have assigned Societal CDMO Inc. (SCTL) an Buy rating. SCTL is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is SCTL’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.20 and $2.00, with a median target price of $2.00. In analyzing these forecasts, the average price target given by analysts for Societal CDMO Inc. (SCTL) is $1.73.
