Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $30.78 in the prior trading day, Ceco Environmental Corp (NASDAQ: CECO) closed at $29.56, down -3.96%. In other words, the price has decreased by -$3.96 from its previous closing price. On the day, 0.55 million shares were traded. CECO stock price reached its highest trading level at $31.22 during the session, while it also had its lowest trading level at $29.36.
Ratios:
Our goal is to gain a better understanding of CECO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.99. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.59.
On July 16, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $26 to $34.
On January 17, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $26.Northland Capital initiated its Outperform rating on January 17, 2024, with a $26 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 30 ’24 when WALLMAN RICHARD F bought 10,000 shares for $28.77 per share. The transaction valued at 287,722 led to the insider holds 62,000 shares of the business.
WALLMAN RICHARD F bought 4,000 shares of CECO for $98,000 on May 21 ’24. The Director now owns 205,319 shares after completing the transaction at $24.50 per share. On May 01 ’24, another insider, WALLMAN RICHARD F, who serves as the Director of the company, bought 5,000 shares for $21.95 each. As a result, the insider paid 109,749 and bolstered with 191,853 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CECO now has a Market Capitalization of 1033979200 and an Enterprise Value of 1159099776. As of this moment, Ceco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 89.28, and their Forward P/E ratio for the next fiscal year is 25.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 4.29. Its current Enterprise Value per Revenue stands at 2.096 whereas that against EBITDA is 20.797.
Stock Price History:
Over the past 52 weeks, CECO has reached a high of $35.16, while it has fallen to a 52-week low of $18.50. The 50-Day Moving Average of the stock is -2.96%, while the 200-Day Moving Average is calculated to be 8.27%.
Shares Statistics:
The stock has traded on average 333.56K shares per day over the past 3-months and 439570 shares per day over the last 10 days, according to various share statistics. A total of 34.98M shares are outstanding, with a floating share count of 29.70M. Insiders hold about 15.08% of the company’s shares, while institutions hold 76.33% stake in the company. Shares short for CECO as of 1735603200 were 2211832 with a Short Ratio of 6.63, compared to 1732838400 on 1933686. Therefore, it implies a Short% of Shares Outstanding of 2211832 and a Short% of Float of 7.6.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.55.
