The stock price of Embecta Corp (NASDAQ: EMBC) has surged by 34.76 when compared to previous closing price of 10.27, but the company has seen a 35.29% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-23 that PARSIPPANY, N.J., April 23, 2024 (GLOBE NEWSWIRE) — Embecta Corp. (“embecta”) (Nasdaq: EMBC), a global diabetes care company with a 100-year legacy in insulin delivery, will host a conference call to discuss its fiscal second quarter 2024 financial results, provide an operational update, and host a question and answer session, at 8:00 a.m. Eastern Time (ET) on Thursday, May 9, 2024.
Is It Worth Investing in Embecta Corp (NASDAQ: EMBC) Right Now?
Embecta Corp (NASDAQ: EMBC) has a price-to-earnings ratio that is above its average at 14.41x. The stock has a 36-month beta value of 0.83. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EMBC is 55.27M, and at present, short sellers hold a 4.59% of that float. On May 09, 2024, the average trading volume of EMBC was 439.61K shares.
EMBC’s Market Performance
EMBC stock saw an increase of 35.29% in the past week, with a monthly gain of 21.40% and a quarterly increase of -22.07%. The volatility ratio for the week is 3.23%, and the volatility levels for the last 30 days are 3.83% for Embecta Corp (EMBC). The simple moving average for the last 20 days is 32.50% for EMBC stock, with a simple moving average of -12.46% for the last 200 days.
Analysts’ Opinion of EMBC
Morgan Stanley, on the other hand, stated in their research note that they expect to see EMBC reach a price target of $28. The rating they have provided for EMBC stocks is “Underweight” according to the report published on January 06th, 2023.
EMBC Trading at 14.72% from the 50-Day Moving Average
After a stumble in the market that brought EMBC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.75% of loss for the given period.
Volatility was left at 3.83%, however, over the last 30 days, the volatility rate increased by 3.23%, as shares surge +26.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.86% lower at present.
During the last 5 trading sessions, EMBC rose by +35.87%, which changed the moving average for the period of 200-days by -33.68% in comparison to the 20-day moving average, which settled at $10.59. In addition, Embecta Corp saw -26.89% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EMBC starting from Melcher David F, who purchase 2,000 shares at the price of $16.25 back on Feb 12 ’24. After this action, Melcher David F now owns 45,080 shares of Embecta Corp, valued at $32,500 using the latest closing price.
Melcher David F, the Director of Embecta Corp, purchase 6,233 shares at $15.77 during a trade that took place back on Sep 08 ’23, which means that Melcher David F is holding 27,698 shares at $98,271 based on the most recent closing price.
Stock Fundamentals for EMBC
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.67 for the gross margin
The net margin for Embecta Corp stands at 0.05. The total capital return value is set at 0.2.
Based on Embecta Corp (EMBC), the company’s capital structure generated 1.94 points at debt to capital in total, while cash flow to debt ratio is standing at -0.0. The debt to equity ratio resting at -2.06. The interest coverage ratio of the stock is 1.63.
Currently, EBITDA for the company is 247.8 million with net debt to EBITDA at 6.37. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 5.44for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.20.
Conclusion
To sum up, Embecta Corp (EMBC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
