Technical Outlook And Game Plan For Catalent Inc. (NYSE: CTLT)

Catalent Inc. (CTLT) concluded trading on Thursday at a closing price of $59.50, with 2.9 million shares of worth about $172.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.63% during that period and on October 24, 2024 the price saw a gain of about 0.17%. Currently the company’s common shares owned by public are about 181.00M shares, out of which, 177.91M shares are available for trading.

Stock saw a price change of -0.98% in past 5 days and over the past one month there was a price change of -0.60%. Year-to-date (YTD), CTLT shares are showing a performance of 32.43% which increased to 40.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.80 but also hit the highest price of $61.20 during that period. The average intraday trading volume for Catalent Inc. shares is 1.74 million. The stock is currently trading -1.44% below its 20-day simple moving average (SMA20), while that difference is down -1.02% for SMA50 and it goes to 4.22% higher than SMA200.

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Catalent Inc. (NYSE: CTLT) currently have 181.00M outstanding shares and institutions hold larger chunk of about 91.73% of that.

The stock has a current market capitalization of $10.80B and its 3Y-monthly beta is at 1.16. It has posted earnings per share of -$5.75 in the same period. It has Quick Ratio of 1.96 while making debt-to-equity ratio of 1.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTLT, volatility over the week remained 0.75% while standing at 0.62% over the month.

Stock’s fiscal year EPS is expected to rise by 365.54% while it is estimated to increase by 56.47% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on November 16, 2023 offering an Outperform rating for the stock and assigned a target price range of between $45 and $53 to it. Coverage by Argus stated Catalent Inc. (CTLT) stock as a Buy in their note to investors on September 05, 2023, suggesting a price target of $62 for the stock. On July 20, 2023, Wells Fargo Initiated their recommendations, while on July 05, 2023, JP Morgan Resumed their ratings for the stock with a price target of $45. Stock get a Hold rating from Jefferies on June 14, 2023.

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