Service Corp. International (NYSE: SCI) Plunged -0.43%, So What Now?

Service Corp. International (NYSE:SCI) shares, rose in value on Friday, December 13, with the stock price down by -0.43% to the previous day’s close as strong demand from buyers drove the stock to $85.86.

Actively observing the price movement in the last trading, the stock closed the session at $86.23, falling within a range of $84.9 and $86.16. The value of beta (5-year monthly) was 0.843 whereas the PE ratio was 25.04 over 12-month period. Referring to stock’s 52-week performance, its high was $89.37, and the low was $64.10. On the whole, SCI has fluctuated by 0.87% over the past month.

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With the market capitalization of Service Corp. International currently standing at about $12.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.49, with its dividend yield at 1.74%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.18B, with a low estimate of 1.08B and a high estimate of 1.09B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.08B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SCI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 2.57, with the price of SCI currently trading nearly -1.11% and 4.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.48, while the 7-day volatility ratio is showing 1.31% which for the 30-day chart, stands at 1.51%. Furthermore, Service Corp. International (SCI)’s beta value is 0.86, and its average true range (ATR) is 1.35.

A comparison of Service Corp. International (SCI) with its peers suggests the former has fared considerably weaker in the market. SCI showed an intraday change of -0.43% in last session, and over the past year, it grew by 27.41%%.

Data on historical trading for Service Corp. International (NYSE:SCI) indicates that the trading volumes over the past 10 days have averaged 0.73 and over the past 3 months, they’ve averaged 901.84K. According to company’s latest data on outstanding shares, there are 144.98 million shares outstanding.

Nearly 2.88% of Service Corp. International’s shares belong to company insiders and institutional investors own 92.13% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.44 million shares as on 2024-11-29, resulting in a short ratio of 7.32. According to the data, the short interest in Service Corp. International (SCI) stood at 592.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 8.47 million. The stock has risen by 25.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SCI stock heading into the next quarter.

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