Stevanato Group S.p.A. (NYSE:STVN) price on Thursday, August 26, fall -0.73% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $25.80.
A look at the stock’s price movement, the close in the last trading session was $25.99, moving within a range at $25.59 and $26.36. The PE ratio in trailing twelve months stood at 60.42. Turning to its 52-week performance, $26.50 and $16.61 were the 52-week high and 52-week low respectively. Overall, STVN moved 30.96% over the past month.
Stevanato Group S.p.A.’s market cap currently stands at around $7.06 billion, with investors looking forward to this quarter’s earnings report slated for Aug 19, 2021.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s).
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 7 recommend STVN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
STVN’s current price about 19.90% and 22.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.76, while 7-day volatility ratio is 5.10% and 5.69% in the 30-day chart. Further, Stevanato Group S.p.A. (STVN) has a beta value of 0, and an average true range (ATR) of 1.23. Analysts have given the company’s stock an average 52-week price target of $22.61, forecast between a low of $20.55 and high of $23.97. Looking at the price targets, the low is 20.35% off current price level while to achieve the yearly target high, price needs to move 7.09%. Nonetheless, investors will most likely welcome a 10.85% jump to $23.00 which is the analysts’ median price.
In the market, a comparison of Stevanato Group S.p.A. (STVN) and its peers suggest the former has performed considerably weaker. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on Stevanato Group S.p.A. (NYSE:STVN), historical trading data shows that trading volumes averaged 1.53 million over the past 3 months. The company’s latest data on shares outstanding shows there are 273.57 million shares.
Current price change has pushed the stock 31.16% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the STVN stock continues to rise going into the next quarter.