Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $6.5000 on Sharps Compliance Corp (NASDAQ:SMED) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.1400 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Sharps Compliance Corp (NASDAQ:SMED) stands at 4639.8999.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Sharps Compliance Corp, the PEG ratio for coming 3-5 years is 1.5000.
The technical analysis highlights that Sharps Compliance Corp current is trading $-0.1647 points away or -3.4274% from its 50-day moving average of $4.8046. Further it is trading $-0.2666 or -5.4336% away its 200-day moving average of $4.9065.
The 52-week high of Sharps Compliance Corp (NASDAQ:SMED) was $10.4900 while lowest point recorded in 52-week was $4.0900. It implies if stock price makes a movement of over $-5.8501, it will record a new 52-week high. In the case of +13.4450% drop, it will touch a new 52-week low.
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