Sharps Compliance Corp. (NASDAQ:SMED) shares, rose in value on Friday, 08/05/22, with the stock price up by 0.35% to the previous day’s close as strong demand from buyers drove the stock to $8.70.
Actively observing the price movement in the last trading, the stock closed the session at $8.67, falling within a range of $8.65 and $8.73. The value of beta (5-year monthly) was 0.22 whereas the PE ratio was 36.10 over 12-month period. Referring to stock’s 52-week performance, its high was $10.15, and the low was $2.83. On the whole, SMED has fluctuated by 197.95% over the past month.
With the market capitalization of Sharps Compliance Corp. currently standing at about $169.30 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 26, 2022 – May 02, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0.02 for fiscal year $0.02 and then to about $0.08 by fiscal year 2023. Data indicates that the EPS growth is expected to be -96.80% in 2023, while the next year’s EPS growth is forecast to be 300.00%.
Analysts have estimated the company’s revenue for the quarter at $15.13 million, with a low estimate of $13.8 million and a high estimate of $15.9 million. According to the average forecast, sales growth in current quarter could jump down -19.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $65.47 million, representing a decrease of -14.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SMED’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
4 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 4 analyst(s), 0 recommend it as a Buy and 0 called the SMED stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 1.60, with the price of SMED currently trading nearly 8.68% and 63.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 87.08, while the 7-day volatility ratio is showing 0.49% which for the 30-day chart, stands at 10.45%. Furthermore, Sharps Compliance Corp. (SMED)’s beta value is 0.94, and its average true range (ATR) is 0.22. The company’s stock has been forecasted to trade at an average price of $7.38 over the course of the next 52 weeks, with a low of $6.00 and a high of $8.75. Based on these price targets, the low is 31.03% off current price, whereas the price has to move -0.57% to reach the yearly target high. Additionally, analysts’ median price of $7.38 is likely to be welcomed by investors because it represents an increase of 15.17% from the current levels.
A comparison of Sharps Compliance Corp. (SMED) with its peers suggests the former has fared considerably weaker in the market. SMED showed an intraday change of 0.35% in last session, and over the past year, it shrunk by -10.77%%. In comparison, Stericycle Inc. (SRCL) has moved higher at 6.94% on the day and was down -28.24% over the past 12 months. On the other hand, the price of Casella Waste Systems Inc. (CWST) has risen 0.19% on the day. The stock, however, is off 22.46% from where it was a year ago. Additionally, there is a loss of -0.70% for Perma-Fix Environmental Services Inc. (PESI) in last trading while the stock has seen an overall depriciation of -0.35%% over the past year. The PE ratio stands at 36.10 for Sharps Compliance Corp., and 105.76 for Casella Waste Systems Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.16%. Meanwhile, the Dow Jones Industrial Improved by 0.23%.
Data on historical trading for Sharps Compliance Corp. (NASDAQ:SMED) indicates that the trading volumes over the past 10 days have averaged 0.2 million and over the past 3 months, they’ve averaged 379.76K. According to company’s latest data on outstanding shares, there are 19.41 million shares outstanding.
Nearly 1.00% of Sharps Compliance Corp.’s shares belong to company insiders and institutional investors own 57.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.55 million shares as on Jul 14, 2022, resulting in a short ratio of 0.77. According to the data, the short interest in Sharps Compliance Corp. (SMED) stood at 2.81% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.87 million. The stock has risen by 22.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SMED stock heading into the next quarter.