Stevanato Group Spa [STVN] stock is trading at $31.42, up 1.32%. An important factor to consider is whether the stock is rising or falling in short-term value. The STVN shares have gain 6.69% over the last week, with a monthly amount drifted -2.33%, and not seem to be holding up well over a long-time horizon.
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On 21, March 2024, Stevanato Group Announces Pricing of Upsized Public Offering of Ordinary Shares. In a post published today on Yahoo Finance, Stevanato Group S.p.A. (NYSE: STVN) (“Stevanato Group,” or the “Company”), a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries, today announced the pricing of its upsized underwritten public offering of an aggregate of 12,700,000 of its ordinary shares at a public offering price of $26.00 per share.
From an analyst’s perspective:
Stevanato Group Spa [NYSE: STVN] stock has seen the most recent analyst activity on November 01, 2023, when Jefferies downgraded its rating to a Hold and also revised its price target to $29 from $39. Previously, Stephens started tracking the stock with Overweight rating on September 26, 2023, and set its price target to $33. On September 19, 2023, CJS Securities initiated with a Market Outperform rating. Morgan Stanley downgraded its rating to a Equal-Weight but stick to its price target of $34 on August 24, 2023. Wells Fargo initiated its recommendation with a Overweight and recommended $24 as its price target on August 10, 2021. Morgan Stanley started tracking with a Overweight rating for this stock on August 10, 2021, and assigned it a price target of $26. In a note dated August 10, 2021, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $27 on this stock.
Stevanato Group Spa [STVN] stock has fluctuated between $22.23 and $36.30 over the past year. Currently, Wall Street analysts expect the stock to reach $24.67 within the next 12 months. Stevanato Group Spa [NYSE: STVN] shares were valued at $31.42 at the most recent close of the market. An investor can expect a potential drop of -21.48% based on the average STVN price forecast.
Analyzing the STVN fundamentals
Stevanato Group Spa [NYSE:STVN] reported sales of 1.17B for the trailing twelve months, which represents a growth of 15.73%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.48 points at the first support level, and at 29.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.42, and for the 2nd resistance point, it is at 33.42.
Stevanato Group Spa [STVN] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of -$0.01 and a surprise factor of -4.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.16 per share as compared to estimates of $0.17 per share, a difference of -$0.01 representing a surprise of -5.90%.
Ratios To Look Out For
For context, Stevanato Group Spa’s Current Ratio is 1.50. On the other hand, the Quick Ratio is 1.04, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 7.11, the price to book ratio is 6.67 and price to earnings (TTM) ratio is 52.94.
