The stock of Catalent Inc. (NYSE:CTLT) increased by $2.38 on Tuesday to at $48.02, up 5.21 percent. The last five days have seen an average of 2,175,442 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $3.00. The average number of shares traded over the last 20 days was 1,951,510, while the average volume over the last 50 days totaled 2,692,082.
CTLT stock dropped -1.03% since last month. On 08/18/23, the company’s shares reached a one-month low of $42.40. The stock touched a high of $99.50 on 03/03/23, after rallying from a low of $31.45 in 52 weeks. The price of CTLT stock has risen by 6.69% or $3.00 this year, reaching a new high 16 times. Still, the stock price is down -51.74% from the 52-week high.
Insider Transactions
CTLT stock investors should be aware that Catalent Inc. (CTLT) stock had its last reported insider trading activity 5 days ago on Aug 24. On Aug 24, President & CEO Maselli Alessandro sold 2,071 shares at $44.54 each. This transaction resulted in the insider making $92,245. On Aug 24, Fasman Steven L sold 817 shares at a price of US$44.65. After the transaction, the insider now owns 73,789 shares. Group Pres. Pharma & Consumer Gennadios Aristippos had earlier sold 396 shares on Aug 24 for $44.49 a share. The transaction was completed for $17,618.
Valuation Metrics
Catalent Inc. (CTLT) has a trailing price-to-earnings (P/E) ratio of 413.97. Beta for the stock is 1.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.91, the price-to-book (PB) ratio of 1.85.
Financial Health
For the three months ended March 30, Catalent Inc.’s quick ratio was 1.30, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.91, and the total debt to equity ratio is 1.03. As far as profitability goes, gross margin for the trailing twelve months is 28.60% percent. Catalent Inc.’s EBITDA margin for the year ended March 30 was 24.32%, whereas its operating margin stood at 4.10% for the same period. Based on annual data, it had gross profit of $1.61 billion and revenue of $4.8 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CTLT’s return on assets (ROA) during the last 12 months has been 0.20%. There was a 7.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.40%.
Earnings Surprise
According to Catalent Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.04 billion, while revenues fell by -22.76% to $1.15 billion. It was predicted that Catalent Inc.’s quarterly earnings would be -$0.09, but it ended up being -$0.03. EBITDA was -$127.0 million for the quarter. At the end of Catalent Inc.’s most recent quarter ended March 30, its liabilities totaled 6.13 billion, while its total debt was $4.86 billion. Equity owned by shareholders amounts to $180.27 million.
Technical Picture
Here’s a quick look at Catalent Inc.’s (CTLT) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 66.58%, suggesting the stock is Neutral, with a 35.47% historical volatility rate.
The stochastic %K and %D were 62.97% and 53.49% respectively, while the average true range (ATR) was 1.79. Based on the 14-day stochastic reading of 74.42%, the RSI (14) reading is 61.05%. On the 9-day MACD Oscillator, the stock is at 0.97, and the 14-day reading is at 0.82.
Analyst Ratings
In its analyst report released on July 20, 2023, Wells Fargo began covering Catalent Inc. (NYSE: CTLT). The stock was rated as an Equal weight by the brokerage firm. Analysts have assigned Catalent Inc. (CTLT) an Overweight rating. CTLT is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is CTLT’s price target for the next 12 months?
The current consensus forecast for the stock is between $39.00 and $55.00, with a median target price of $46.00. In analyzing these forecasts, the average price target given by analysts for Catalent Inc. (CTLT) is $47.33.
