After finishing at $10.25 in the prior trading day, Embecta Corp (NASDAQ: EMBC) closed at $10.59, up 3.32%. On the day, 677177 shares were traded.
Ratios:
Our goal is to gain a better understanding of EMBC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 2.20.
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:
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 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.
Melcher David F bought 6,233 shares of EMBC for $98,271 on Sep 08 ’23. The Director now owns 27,698 shares after completing the transaction at $15.77 per share. On Aug 10 ’23, another insider, Kurdikar Devdatt, who serves as the President and CEO of the company, bought 5,000 shares for $21.81 each. As a result, the insider paid 109,050 and bolstered with 244,791 shares of the company.
Valuation Measures:
As of this moment, Embecta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.02, and their Forward P/E ratio for the next fiscal year is 4.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54.
Stock Price History:
Over the past 52 weeks, EMBC has reached a high of $32.00, while it has fallen to a 52-week low of $10.22.
Shares Statistics:
A total of 57.33M shares are outstanding, with a floating share count of 55.27M. Insiders hold about 4.00% of the company’s shares, while institutions hold 94.57% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Embecta Corp. different market analysts. The consensus estimate for the next quarter is $72.38, with high estimates of $30.27 and low estimates of $12.57.
