Stevanato Group Spa (NYSE: STVN): To Buy Or Not To Buy, That Is The Question

Stevanato Group Spa (STVN) concluded trading on Thursday at a closing price of $21.10, with 4.69 million shares of worth about $99.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.41% during that period and on May 09, 2024 the price saw a loss of about -21.59%. Currently the company’s common shares owned by public are about 303.80M shares, out of which, 49.48M shares are available for trading.

Stock saw a price change of -21.30% in past 5 days and over the past one month there was a price change of -27.24%. Year-to-date (YTD), STVN shares are showing a performance of -22.68% which decreased to -22.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.00 but also hit the highest price of $36.30 during that period. The average intraday trading volume for Stevanato Group Spa shares is 400.37K. The stock is currently trading -23.98% below its 20-day simple moving average (SMA20), while that difference is down -28.08% for SMA50 and it goes to -29.15% lower than SMA200.

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Stevanato Group Spa (NYSE: STVN) currently have 303.80M outstanding shares and institutions hold larger chunk of about 13.32% of that.

The stock has a current market capitalization of $6.41B and its 3Y-monthly beta is at 0.74. PE ratio of stock for trailing 12 months is 35.55, while it has posted earnings per share of $0.59 in the same period. Its PEG reads 8.51 and has Quick Ratio of 1.04 while making debt-to-equity ratio of 0.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STVN, volatility over the week remained 8.37% while standing at 5.24% over the month.

Stock’s fiscal year EPS is expected to rise by 3.65% while it is estimated to increase by 18.99% in next year. EPS is likely to shrink at an annualized rate of 4.18% for next 5-years, compared to annual growth of 37.59% made by the stock over the past 5-years.

Coverage by Jefferies stated Stevanato Group Spa (STVN) stock as a Hold in their note to investors on November 01, 2023, suggesting a price target of $29 for the stock. Stock get an Equal-weight rating from Morgan Stanley on August 24, 2023.

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