Estimating Price Trends For Stevanato Group Spa (NYSE: STVN)

Stevanato Group Spa (NYSE:STVN) does about 523.07K shares in volume on a normal day but saw 881091 shares change hands in Tuesday’s trading. The company now has a market cap of 5.82B USD. Its current market price is $21.34, marking a decrease of -5.53% compared to the previous close of $22.59. The 52 week high reached by this stock is $36.30 whilst the lowest price level in 52 weeks is $20.01.

Stevanato Group Spa (STVN) has a 20-day trading average at $26.26 and the current price is -41.21% off the 52-week high compared with 6.65% distance from its 52-week low. The 50-day simple moving average of the closing price is $28.49 and its 200-day simple moving average is $29.58. If we look at the stock’s price movements over the week, volatility stands at 10.39%, which decreases to 6.07% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 28.42 to suggest the stock is oversold.

The consensus objective for the share price is $28.83, suggesting that the stock has a potential upside of 25.98% over the period.

Jefferies downgraded the stock to “Hold” from Buy on November 01, 2023 at a price target of $39-$29. Stephens initiated its price target at $33.

Stevanato Group Spa (STVN) stock is down -22.79% over the week and -27.54% over the past month. Its price is -21.80% year-to-date and -22.99% over the past year.

To reach the target analysts have set, the stock logically needs to grow 25.98 percent from here.

The company has a return on investment of 8.48% and return on equity of 11.54%. The price to earnings ratio (P/E ratio) amounts to 38.38 while the forward price to earnings ratio is 31.81. The beta has a value of 0.68. Price to book ratio is 4.05 and price to sales ratio is 4.96.