As of Thursday close, Sealed Air Corporation’s (NYSE:SEE) stock was down -$1.29, moving down -3.89 percent to $31.85. The average number of shares traded per day over the past five days has been 1,848,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.56 fall in that time frame. In the last twenty days, the average volume was 1,966,425, while in the previous 50 days, it was 1,996,068.
Since last month, SEE stock retreated -6.76%. Shares of the company fell to $31.84 on 09/21/23, the lowest level in the past month. A 52-week high of $56.43 was reached on 02/02/23 after having rallying from a 52-week low of $33.07. Since the beginning of this year, SEE’s stock price has dropped by -36.15% or -$18.03, and marked a new high 9 times. However, the stock has declined by -43.56% since its 52-week high.
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SEE stock investors should be aware that Sealed Air Corporation (SEE) stock had its last reported insider trading activity 14 days ago on Sep 08. Doheny Edward L II, the President and CEO of the company, purchased of 10,000 shares for $33.85 on Sep 08. It resulted in a $338,500 investment by the insider. Whitaker Jerry R. added 500 shares at an average price of $43.56 on Nov 04. The insider now owns 10,521 shares following the transaction. On Nov 03, Director Ahmad Zubaid bought 1,200 shares at $42.12 apiece. The transaction was valued at $50,544.
Valuation Metrics
Right now, Sealed Air Corporation (SEE) has a P/E ratio of about 12.09. The stock’s beta is 1.31. Besides these, the trailing price-to-sales (P/S) ratio of 0.84, the price-to-book (PB) ratio of 11.18, and the price-to-cash flow ratio of 30.58 may also be considered.
The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Tuesday May 18 2021, a $0.04 dividend increase was announced.
Financial Health
In the three months ended June 29, Sealed Air Corporation’s quick ratio stood at 0.70, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 11.24, and the total debt-to-equity ratio was 12.05. On the profitability front, the trailing twelve-month gross margin is 30.40% percent. In the year ended June 29, EBITDA margin amounted to 20.27%, whereas operating margins totaled 15.10%. Based on annual data, SEE earned $1.77 billion in gross profit and brought in $5.64 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.30%. Return on equity (ROE) for the past 12 months was 117.90%.
In Sealed Air Corporation’s quarter-end financial report for June 29, it reported total debt of $4.64 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SEE’s revenue fell -2.69% to $1.35 billion during the quarter, while net income inched up to $1.38 billion. While analysts expected Sealed Air Corporation to report $0.67 quarterly earnings, the actual figure was $0.8 per share, beating the consensus estimate by 19.40%. During the quarter, the company generated $275.2 million in EBITDA. The liabilities of Sealed Air Corporation were 7.11 billion at the end of its most recent quarter ended June 29, and its total debt was $5.07 billion. The value of shareholders’ equity is $144.41 million.
Technical Picture
This quick technical analysis looks at Sealed Air Corporation’s (SEE) price momentum. With a historical volatility rate of 30.74%, the RSI 9-day stood at 24.70% on 21 September.
With respect to its five-day moving average, the current Sealed Air Corporation price is down by -10.05% percent or -$3.56. At present, SEE shares trade -6.95% below its 20-day simple moving average and -33.63% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.03% below its SMA50 and -40.48% below its SMA200.
Stochastic coefficient K was 2.77% and Stochastic coefficient D was 12.07%, while ATR was 0.94. Given the Stochastic reading of 0.17% for the 14-day period, the RSI (14) reading has been calculated as 28.01%. As of today, the MACD Oscillator reading stands at -1.05, while the 14-day reading stands at -1.54.
Analyst Ratings
Credit Suisse upgraded its rating on Sealed Air Corporation (NYSE: SEE) to an Outperform in a note to investors on September 13, 2023. The analysts firm previously had a Neutral rating on the stock.Sealed Air Corporation (SEE) has been rated Overweight by analysts. According to 0 brokerage firms, SEE is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Sealed Air Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $45.00, the current consensus forecast for the stock is $38.00 – $57.00. Based on these forecasts, analysts predict Sealed Air Corporation (SEE) will achieve an average price target of $45.55.
