Sotera Health Co [NASDAQ: SHC] stock went on a downward path that fall over -10.14% on Wednesday, amounting to a one-week price decrease of less than -15.49%. The company report on February 28, 2024 at 6:40 PM that Sotera Health Announces Pricing of Secondary Offering.
The Offering is expected to close on March 4, 2024, subject to customary closing conditions.
Over the last 12 months, SHC stock dropped by -35.10%. The one-year Sotera Health Co stock forecast points to a potential upside of 33.93. The average equity rating for SHC stock is currently 2.29, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.33 billion, with 282.83 million shares outstanding and 126.48 million shares in the current float. Compared to the average trading volume of 1.41M shares, SHC stock reached a trading volume of 9239387 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Sotera Health Co [SHC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHC shares is $17.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHC stock is a recommendation set at 2.29. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Sotera Health Co shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on February 06, 2024. The new note on the price target was released on June 26, 2023, representing the official price target for Sotera Health Co stock. Previously, the target price had yet another raise from $6 to $18, while JP Morgan kept a Neutral rating on SHC stock.
The Average True Range (ATR) for Sotera Health Co is set at 0.86, with the Price to Sales ratio for SHC stock in the period of the last 12 months amounting to 3.18. The Price to Book ratio for the last quarter was 7.51, with the Price to Cash per share for the same quarter was set at 1.07.
SHC Stock Performance Analysis:
Sotera Health Co [SHC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.49. With this latest performance, SHC shares dropped by -27.51% in over the last four-week period, additionally sinking by -23.01% over the last 6 months – not to mention a drop of -35.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHC stock in for the last two-week period is set at 26.08, with the RSI for the last a single of trading hit 20.41, and the three-weeks RSI is set at 30.61 for Sotera Health Co [SHC]. The present Moving Average for the last 50 days of trading for this stock 15.15, while it was recorded at 13.58 for the last single week of trading, and 15.51 for the last 200 days.
Insight into Sotera Health Co Fundamentals:
Sotera Health Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.19 and a Current Ratio set at 2.42.
SHC Stock EPS
With the latest financial reports released by the company, Sotera Health Co posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sotera Health Co go to 12.00%.
Sotera Health Co [SHC] Institutonal Ownership Details
The top three institutional holders of SHC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in SHC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in SHC stock with ownership which is approximately 5.8325%.
