Earnings from Sharps Compliance Corp. [SMED] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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SMED Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.13 per share on revenue of $21.64M. Taking a look at the future, the company is projected to report revenue of $24.05M at an earnings per share of $0.2 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 1.40% in revenue and 1.02% in earnings per share for the company.
SMED Stock Earnings Forecast For The Current Year
For the full financial year, Sharps Compliance Corp. [NASDAQ:SMED] is forecasted to generate revenue of $75.85M. The figure is about $24.7 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.39 in 2021, which is $0.25 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 178.60% this year, 2.60% next year, and 22.50% annually over the next five years. With regard to sales, forecasts suggest an incline of 48.30% in current fiscal year and 1.40% over following year.
SMED Stock Price Performance
At the close of Tuesday’s session, Sharps Compliance Corp. [NASDAQ:SMED] finished up 1.90% at $16.12. The stock’s highest single-day price was $16.20, and its lowest was $15.36. Its price rose 4.95% in the last five days. Since the beginning of the year, Sharps Compliance Corp.’s shares are up nearly 70.58%. However, the share price is -0.49% below its one year high. The top price reached by the shares of the company was $16.20 on 04/27/21, while the 52-week low came on 01/05/21, when the shares were $9.06. In the past year, shares of the company have risen 111.27%. At 50 days, the moving average achieved is $13.90 while at 200 days, the moving average is $9.77. There were 0.23 million shares traded in the last session, up from 0.15 million in the previous session.
Sharps Compliance Corp. [NASDAQ:SMED] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 183.18, Sharps Compliance Corp. [SMED] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 18.30 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 5.02 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.82 for the industry, which means SMED offers an unattractive investment opportunity than its competitors do.
SMED Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 16.12 level, and the violation of this level will cause a further drop to 15.59 level. At the upper end, 17.27 remains a key resistance. As the stock increases, it may find resistance at 16.73. In the 14-day chart, the Relative Strength Index standing at 69.81 suggests a technical neutral stance while the MACD standing at 1.40 indicates price will increase in the next trading period. Stochastic %K at 93.44% suggests selling the stock while Percent R indicator at 2.40% suggests bullish price movement.
How much is the short interest in Sharps Compliance Corp.?
There have been a drop in short interest in the Sharps Compliance Corp. Financial stock, with short interest up by 61490.0 shares to 0.53 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 0.59 million shares. This -11.53% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 4.11% of the overall float in the stock, while the stock’s days to cover moved to 6.15.
How do analysts view Sharps Compliance Corp.?
In regard to the share price forecast for Sharps Compliance Corp. stock, the analysts, as surveyed by FactSet, forecast the price to reach $18.00 in the next twelve months, representing almost an 10.44% growth from its recent price of $16.12. Among Sharps Compliance Corp. stock projections, $18.00 is the highest analyst target for the stock, while $15.00 is the lowest. Despite this, 5 analysts who share their consensus rating for SMED in 2021 agree that the stock is a Buy. The latest rating change took place on 4/26/21, when Roth Capital Ratings launched coverage of the stock at “Buy” and assigned a price target of $18.0.