Market Insight: Stericycle Inc. (SRCL)’s Notable Drop, Closing at 58.15

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In the latest session, Stericycle Inc. (NASDAQ: SRCL) closed at $58.15 down -0.21% from its previous closing price of $58.27. In other words, the price has decreased by -$0.21 from its previous closing price. On the day, 1.03 million shares were traded. SRCL stock price reached its highest trading level at $58.32 during the session, while it also had its lowest trading level at $58.11.

Ratios:

For a deeper understanding of Stericycle Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 174.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4152.80. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.72.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on December 08, 2023, initiated with a Underweight rating and assigned the stock a target price of $40.

On April 18, 2023, Truist started tracking the stock assigning a Hold rating and target price of $45.

Robert W. Baird Downgraded its Outperform to Neutral on February 24, 2023, whereas the target price for the stock was revised from $65 to $53.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SRCL now has a Market Capitalization of 5396325888 and an Enterprise Value of 7308800512. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.05 while its Price-to-Book (P/B) ratio in mrq is 2.14. Its current Enterprise Value per Revenue stands at 2.769 whereas that against EBITDA is 17.953.

Stock Price History:

The Beta on a monthly basis for SRCL is 1.11, which has changed by 0.29661775 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, SRCL has reached a high of $59.45, while it has fallen to a 52-week low of $37.78. The 50-Day Moving Average of the stock is 8.93%, while the 200-Day Moving Average is calculated to be 18.23%.

Shares Statistics:

For the past three months, SRCL has traded an average of 1.61M shares per day and 1123330 over the past ten days. A total of 92.84M shares are outstanding, with a floating share count of 92.36M. Insiders hold about 0.51% of the company’s shares, while institutions hold 104.28% stake in the company. Shares short for SRCL as of 1719532800 were 2307429 with a Short Ratio of 1.44, compared to 1717113600 on 2616940. Therefore, it implies a Short% of Shares Outstanding of 2307429 and a Short% of Float of 2.5.

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