Embecta Corp (NASDAQ: EMBC) stock fell -1.80% on Monday to $16.33 against a previous-day closing price of $16.63. With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.56 million shares. During the session, the Medical Instruments & Supplies company that operates in wider Healthcare sector, reached to the highest price of $16.72 whereas the lowest price it dropped to was $16.18. The 52-week range on EMBC shows that it touched its highest point at $36.64 and its lowest point at $12.72 during that stretch. It currently has a 1-year price target of $16.00. With its current market cap of 935.71 million, EMBC has annualized dividend of $0.58 while the current yield stands at 3.55%. Beta for the stock currently stands at 0.71.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EMBC was up-trending over the past week, with a rise of 10.19%, but this was up by 5.35% over a month. Three-month performance dropped to -5.22% while six-month performance fell -39.18%. The stock lost -48.32% in the past year, while it has lost -35.43% so far this year. A look at the trailing 12-month EPS for EMBC yields 0.82 with Next year EPS estimates of 1.94. For the next quarter, that number is 0.40. This implies an EPS growth rate of -28.02% for this year and -30.71% for next year.
Float and Shares Shorts:
At present, 57.06 million EMBC shares are outstanding with a float of 56.75 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.12 million, which was 5.45% higher than short shares on Sep 28, 2023. In addition to EWBC as the firm’s East West Bancorp, Inc., EMB serves as its iShares J.P. Morgan USD Emergin.
Institutional Ownership:
Other institutions hold 60.84% of EMBC, in contrast to 38.78% held by mutual funds. Shares owned by individuals account for 0.97%. As the largest shareholder in EMBC with 14.28% of the stake, BlackRock Fund Advisors holds 8,184,876 shares worth 8,184,876. A second-largest stockholder of EMBC, The Vanguard Group, Inc., holds 6,881,191 shares, controlling over 12.01% of the firm’s shares. American Century Investment Manag is the third largest shareholder in EMBC, holding 4,434,611 shares or 7.74% stake. With a 6.73% stake in EMBC, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,855,158 shares are owned by the mutual fund manager. The American Century Small Cap Value, which owns about 3.33% of EMBC stock, is the second-largest Mutual Fund holder. It holds 1,910,000 shares valued at 28.88 million. Vanguard Total Stock Market ETF holds 3.11% of the stake in EMBC, owning 1,784,266 shares worth 26.98 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EMBC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EMBC analysts setting a high price target of $17.00 and a low target of $15.00, the average target price over the next 12 months is $16.00. Based on these targets, EMBC could surge 4.1% to reach the target high and fall by -8.14% to reach the target low. Reaching the average price target will result in a decline of -2.02% from current levels.
Dividends & Yield:
In terms of dividends, EMBC has a current ratio of $0.60, which is $0.60 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and EMBC currently yields $3.67. In the past year, EMBC’s dividend yield has been $3.67, but when looking at the stock over the past five years, its yield has been $–. Accordingly, EMBC has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.
Summary of Insider Activity:
Insiders traded EMBC stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 6,233 shares were bought while 0 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 246,904 while 25,034 shares were sold.
