Embecta Corp [EMBC] stock prices are up 29.77% to $18.70 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EMBC shares have gain 38.72% over the last week, with a monthly amount glided 32.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Morgan Stanley downgraded its rating to Underweight on January 06, 2023, and kept the price target unchanged to $28. On September 08, 2022, BTIG Research initiated with a Neutral rating. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $33 on August 01, 2022. BofA Securities initiated its recommendation with a Underperform and recommended $25 as its price target on June 21, 2022.
The stock price of Embecta Corp [EMBC] has been fluctuating between $9.93 and $19.79 over the past year. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Embecta Corp [NASDAQ: EMBC] shares were valued at $18.70 at the most recent close of the market. An investor can expect a potential drop of -35.83% based on the average EMBC price forecast.
Analyzing the EMBC fundamentals
The Embecta Corp [NASDAQ:EMBC] reported sales of 1.12B for trailing twelve months, representing a surge of 1.49%. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is -0.1 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.18.
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 16.87 points at the first support level, and at 15.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.67, and for the 2nd resistance point, it is at 22.63.
Ratios To Look Out For
It’s worth pointing out that Embecta Corp [NASDAQ:EMBC]’s Current Ratio is 2.03. On the other hand, the Quick Ratio is 1.58, and the Cash Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 0.96 and price to earnings (TTM) ratio is 13.82.
Transactions by insiders
Recent insider trading involved Melcher David F, Director, that happened on Feb 12 ’24 when 2000.0 shares were purchased.