Detailed Review Of Prospects For Stevanato Group Spa Stock

A share price of Stevanato Group Spa [STVN] is currently trading at $21.58, up 6.52%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The STVN shares have gain 15.90% over the last week, with a monthly amount glided 4.35%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Jefferies downgraded its rating to Hold on November 01, 2023, and dropped its price target to $29. On September 26, 2023, Stephens initiated with a Overweight rating and assigned a price target of $33 on the stock. CJS Securities started tracking the stock assigning a Market Outperform rating. Morgan Stanley downgraded its rating to a Equal-Weight but $34 remained the price target by the analyst firm on August 24, 2023. Wells Fargo started tracking with a Overweight rating for this stock on August 10, 2021, and assigned it a price target of $24. In a note dated August 10, 2021, Morgan Stanley initiated an Overweight rating and provided a target price of $26 on this stock.

Stevanato Group Spa experienced fluctuations in its stock price throughout the past year between $16.56 and $35.56. Currently, Wall Street analysts expect the stock to reach $25.5 within the next 12 months. Stevanato Group Spa [NYSE: STVN] shares were valued at $21.58 at the most recent close of the market. An investor can expect a potential return of 18.16% based on the average STVN price forecast.

Analyzing the STVN fundamentals

Trailing Twelve Months sales for Stevanato Group Spa [NYSE:STVN] were 1.18B which represents 0.57% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.23.

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 20.17 points at the first support level, and at 18.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.10, and for the 2nd resistance point, it is at 24.61.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Stevanato Group Spa [NYSE:STVN] is 1.74. Further, the Quick Ratio stands at 1.13, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 5.01, the price to book ratio is 4.15 and price to earnings (TTM) ratio is 43.43.

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