At the last check on Friday, Heritage-Crystal Clean Inc’s (NASDAQ:HCCI) stock was up $0.07, moving up 0.16 percent to $45.17. The average number of shares traded per day over the past five days has been 455,085 shares. 1 time new highs have been achieved over the past 5 days, with a $0.21 gain in that time frame. In the last twenty days, the average volume was 379,781, while in the previous 50 days, it was 306,228.
Since last month, HCCI stock retreated -2.42%. Shares of the company fell to $44.60 on 08/10/23, the lowest level in the past month. A 52-week high of $47.98 was reached on 07/26/23 after having rallying from a 52-week low of $25.70. Since the beginning of this year, HCCI’s stock price has risen by 39.07% or $12.76, and marked a new high 23 times. However, the stock has declined by -5.86% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
HCCI stock investors should be aware that Heritage-Crystal Clean Inc (HCCI) stock had its last reported insider trading activity 176 days ago on Mar 09. Willmschen Robert W Jr, the Director of the company, disposed of 331 shares for $37.09 on Mar 09. It resulted in a $12,277 divestment by the insider. Willmschen Robert W Jr sold 3,984 shares at an average price of $37.03 on Mar 08. The insider now owns 50,691 shares following the transaction.
Valuation Metrics
Right now, Heritage-Crystal Clean Inc (HCCI) has a P/E ratio of about 14.13. The stock’s beta is 1.26. Besides these, the trailing price-to-sales (P/S) ratio of 1.38, the price-to-book (PB) ratio of 2.35.
Financial Health
In the three months ended June 29, Heritage-Crystal Clean Inc’s quick ratio stood at 1.40, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.19, and the total debt-to-equity ratio was 0.19. Based on annual data, HCCI earned $590.93 million in gross profit and brought in $709.33 million in revenue.
In Heritage-Crystal Clean Inc’s quarter-end financial report for June 29, it reported total debt of $84.48 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HCCI’s revenue rose 18.48% to $193.48 million during the quarter, while net income inched up to $192.17 million. While analysts expected Heritage-Crystal Clean Inc to report $0.54 quarterly earnings, the actual figure was $0.36 per share, beating the consensus estimate by -33.30%. During the quarter, the company generated $25.68 million in EBITDA. The liabilities of Heritage-Crystal Clean Inc were 356.89 million at the end of its most recent quarter ended June 29, and its total debt was $216.4 million. The value of shareholders’ equity is $24.37 million.
Technical Picture
This quick technical analysis looks at Heritage-Crystal Clean Inc’s (HCCI) price momentum. With a historical volatility rate of 11.57%, the RSI 9-day stood at 52.69% on 31 August.
With respect to its five-day moving average, the current Heritage-Crystal Clean Inc price is up by +0.46% percent or $0.21. At present, HCCI shares trade -1.77% below its 20-day simple moving average and +30.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.16% above its SMA50 and +56.63% above its SMA200.
Stochastic coefficient K was 22.02% and Stochastic coefficient D was 24.69%, while ATR was 0.38. Given the Stochastic reading of 31.93% for the 14-day period, the RSI (14) reading has been calculated as 56.93%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at -0.01.
Analyst Ratings
Truist launched its rating on Heritage-Crystal Clean Inc (NASDAQ: HCCI) to a Buy in a note to investors on April 18, 2023. Heritage-Crystal Clean Inc (HCCI) has been rated Hold by analysts. According to 0 brokerage firms, HCCI is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Heritage-Crystal Clean Inc stock as buy, with 1 recommending it as overweight.
With a median target price of $45.50, the current consensus forecast for the stock is $42.00 – $46.00. Based on these forecasts, analysts predict Heritage-Crystal Clean Inc (HCCI) will achieve an average price target of $44.90.
