Ceco Environmental Corp. (NASDAQ: CECO) on Tuesday, plunged -14.25% from the previous trading day, before settling in for the closing price of $26.31. Within the past 52 weeks, CECO’s price has moved between $15.57 and $31.55.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Industrials sector company grew by 11.13% over the past five years. The company achieved an average annual earnings per share of 17.56%. With a float of $29.62 million, this company’s outstanding shares have now reached $34.84 million.
Let’s look at the performance matrix of the company that is accounted for 1200 employees. In terms of profitability, gross margin is 33.64%, operating margin of 7.19%, and the pretax margin is 3.98%.
Ceco Environmental Corp. (CECO) Insider Updates
Observing investor behavior towards Pollution & Treatment Controls industry stocks is more important than anything else. The insider ownership of Ceco Environmental Corp. is 15.28%, while institutional ownership is 75.14%. The most recent insider transaction that took place on Aug 30 ’24, was worth 287,722. In this transaction Director of this company bought 10,000 shares at a rate of $28.77, taking the stock ownership to the 62,000 shares. Before that another transaction happened on May 21 ’24, when Company’s Director bought 4,000 for $24.50, making the entire transaction worth $98,000. This insider now owns 205,319 shares in total.
Ceco Environmental Corp. (CECO) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.22 earnings per share (EPS) for the period topping the consensus outlook (set at 0.18) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.56% per share during the next fiscal year.
Ceco Environmental Corp. (NASDAQ: CECO) Trading Performance Indicators
Ceco Environmental Corp. (CECO) is currently performing well based on its current performance indicators. A quick ratio of 1.17 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 19.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.37, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 1.26 in one year’s time.
Technical Analysis of Ceco Environmental Corp. (CECO)
Ceco Environmental Corp. (NASDAQ: CECO) saw its 5-day average volume 0.34 million, a positive change from its year-to-date volume of 0.26 million. As of the previous 9 days, the stock’s Stochastic %D was 23.80%. Additionally, its Average True Range was 1.14.
During the past 100 days, Ceco Environmental Corp.’s (CECO) raw stochastic average was set at 9.38%, which indicates a significant decrease from 14.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.86% in the past 14 days, which was higher than the 45.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.28, while its 200-day Moving Average is $24.86. Nevertheless, the first resistance level for the watch stands at $23.83 in the near term. At $25.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.20. If the price goes on to break the first support level at $21.46, it is likely to go to the next support level at $20.36. Assuming the price breaks the second support level, the third support level stands at $19.09.
Ceco Environmental Corp. (NASDAQ: CECO) Key Stats
Market capitalization of the company is 788.70 million based on 34,961K outstanding shares. Right now, sales total 544,850 K and income totals 12,910 K. The company made 137,520 K in profit during its latest quarter, and 4,490 K in sales during its previous quarter.
