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Tuesday, September 26, 2023

Analyst Expects Stericycle Inc. (NASDAQ: SRCL) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Stericycle Inc. (SRCL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.65, or -1.48%, to $43.33. The Stericycle Inc. has recorded 106,356 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Stericycle and Arbor Day Foundation Extend Partnership to Plant Trees Across the United States and Canada.

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Stocks Info

As a NASDAQ listed company, SRCL falls under the Industrials sector while operating within the Waste Management industry segment. At the end of the last regular session, the stock closed at $43.98 and fluctuated between $45.05 as its day high and $43.75 as its day low. The current market capitalization of Stericycle Inc. is $4.05B. A total of 0.64 million shares were traded on the day, compared to an average of 434.94K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SRCL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 52 BUYs and 46 SELLs from insiders. Insiders purchased 223,261 shares during that period but sold 70,098.

In the most recent transaction, Reuter Joseph Anthony bought 7,000 shares of SRCL for 44.09 per share on Jun 07. After the transaction, the EVP & Chief People Officer now owns 24,209 company shares. In a previous transaction on Feb 24, Gursahaney Naren K bought 6,000 shares at 47.91 per share. SRCL shares that Director owns now total 6,000.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SRCL in the last 3 months, the mean price target is $56.25 with high estimates of $70.00 and low estimates of $45.00. In terms of 52-week highs and lows, SRCL has a high of $56.12 and a low of $39.63.

As of this writing, SRCL has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.48 per share and a lower estimate of $0.38. The company reported an EPS of $0.49 in the last quarter, which was 11.40% higher than expectations of $0.44.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SRCL’s latest balance sheet shows that the firm has $55.60M in Cash & Short Term Investments as of fiscal 2021. There were $1.98B in debt and $731.70M in liabilities at the time. Its Book Value Per Share was $26.83, while its Total Shareholder’s Equity was $2.40B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SRCL is Buy with a score of 3.60.

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