1.81% volatility in Silgan Holdings Inc. (SLGN) last month: This is a red flag warning

A new trading day began on January 24, 2023, with Silgan Holdings Inc. (NYSE: SLGN) stock priced at $50.05, up 0.77% from the previous day of trading. During the day, the shares moved up to $50.80 and dropped to $49.58 before settling in for the closing price of $50.40. SLGN’s price has ranged from $38.59 to $54.59 over the past 52 weeks.

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A company in the Consumer Cyclical sector has jumped its sales by 9.50% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 16.50%. With a float of $83.11 million, this company’s outstanding shares have now reached $110.28 million.

In an organization with 15600 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +16.18, operating margin of +9.61, and the pretax margin is +8.21.

Silgan Holdings Inc. (SLGN) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Packaging & Containers Industry. The insider ownership of Silgan Holdings Inc. is 0.90%, while institutional ownership is 71.10%. The most recent insider transaction that took place on Nov 22, was worth 389,438. In this transaction Executive VP and CFO of this company sold 7,500 shares at a rate of $51.93, taking the stock ownership to the 217,595 shares. Before that another transaction happened on Aug 29, when Company’s Executive VP and CFO sold 11,082 for $46.75, making the entire transaction worth $518,084. This insider now owns 225,095 shares in total.

Silgan Holdings Inc. (SLGN) Performance Highlights and Predictions

In its latest quarterly report, released on 9/29/2022, the company reported earnings of $1.27 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +6.33 while generating a return on equity of 25.51. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.83 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 16.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.82% during the next five years compared to 20.50% growth over the previous five years of trading.

Silgan Holdings Inc. (NYSE: SLGN) Trading Performance Indicators

Here are Silgan Holdings Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.87. Likewise, its price to free cash flow for the trailing twelve months is 36.17.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.61, a number that is poised to hit 0.82 in the next quarter and is forecasted to reach 4.08 in one year’s time.

Technical Analysis of Silgan Holdings Inc. (SLGN)

Let’s dig in a bit further. During the last 5-days, its volume was 0.43 million. That was better than the volume of 0.4 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.86%. Additionally, its Average True Range was 0.97.

During the past 100 days, Silgan Holdings Inc.’s (SLGN) raw stochastic average was set at 72.10%, which indicates a significant increase from 30.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.34% in the past 14 days, which was lower than the 24.13% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $51.99, while its 200-day Moving Average is $46.10. However, in the short run, Silgan Holdings Inc.’s stock first resistance to watch stands at $51.20. Second resistance stands at $51.61. The third major resistance level sits at $52.42. If the price goes on to break the first support level at $49.98, it is likely to go to the next support level at $49.17. Assuming the price breaks the second support level, the third support level stands at $48.76.

Silgan Holdings Inc. (NYSE: SLGN) Key Stats

With a market capitalization of 5.56 billion, the company has a total of 110,079K Shares Outstanding. Currently, annual sales are 5,677 M while annual income is 359,080 K. The company’s previous quarter sales were 1,970 M while its latest quarter income was 138,700 K.

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