Daily Market Movement: Embecta Corp (EMBC) Sees a -3.65 Decrease, Closing at 14.52

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The closing price of Embecta Corp (NASDAQ: EMBC) was $14.52 for the day, down -3.65% from the previous closing price of $15.07. In other words, the price has decreased by -$3.65 from its previous closing price. On the day, 0.5 million shares were traded. EMBC stock price reached its highest trading level at $15.1565 during the session, while it also had its lowest trading level at $14.14.

Ratios:

Our analysis of EMBC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 2.11.

On January 06, 2023, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight but kept the price unchanged to $28.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 12 ’24 when Melcher David F bought 2,000 shares for $16.25 per share. The transaction valued at 32,500 led to the insider holds 45,080 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EMBC now has a Market Capitalization of 837830144 and an Enterprise Value of 2215430656. As of this moment, Embecta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.03, and their Forward P/E ratio for the next fiscal year is 6.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75. Its current Enterprise Value per Revenue stands at 1.98 whereas that against EBITDA is 9.616.

Stock Price History:

Over the past 52 weeks, EMBC has reached a high of $19.79, while it has fallen to a 52-week low of $9.93. The 50-Day Moving Average of the stock is -3.44%, while the 200-Day Moving Average is calculated to be 1.09%.

Shares Statistics:

EMBC traded an average of 418.98K shares per day over the past three months and 488820 shares per day over the past ten days. A total of 57.33M shares are outstanding, with a floating share count of 54.06M. Insiders hold about 6.32% of the company’s shares, while institutions hold 92.56% stake in the company. Shares short for EMBC as of 1724976000 were 1842159 with a Short Ratio of 4.68, compared to 1722384000 on 2325525. Therefore, it implies a Short% of Shares Outstanding of 1842159 and a Short% of Float of 4.4699997.

Dividends & Splits

With its trailing 12-month dividend rate of 0.6, EMBC has a forward annual dividend rate of 0.60. Against a Trailing Annual Dividend Yield of 0.039814204

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