Stericycle Inc. (NASDAQ: SRCL) Stock Increased 14.42% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Stericycle Inc. (NASDAQ:SRCL) does about 1.09M shares in volume on a normal day but saw 2751223 shares change hands in Friday’s trading. The company now has a market cap of 5.47B USD. Its current market price is $58.97, marking a decrease of -0.24% compared to the previous close of $59.11. The 52 week high reached by this stock is $59.45 whilst the lowest price level in 52 weeks is $37.78.

Stericycle Inc. (SRCL) has a 20-day trading average at $50.36 and the current price is -0.81% off the 52-week high compared with 56.09% distance from its 52-week low. The 50-day simple moving average of the closing price is $49.49 and its 200-day simple moving average is $47.62. If we look at the stock’s price movements over the week, volatility stands at 0.57%, which increases to 2.83% 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 76.27 to suggest the stock is overbought.

The consensus objective for the share price is $60.28, suggesting that the stock has a potential upside of 2.17% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 08, 2023 when Wells Fargo initiated the stock to “Underweight” and issued a price target of $40. Robert W. Baird downgraded its price target at $65-$53.

Stericycle Inc. (SRCL) stock is up 14.42% over the week and 25.28% over the past month. Its price is 18.99% year-to-date and 32.25% over the past year.

To reach the target analysts have set, the stock logically needs to grow 2.17 percent from here.

The company has a return on investment of -0.45% and return on equity of -0.79%. The forward price to earnings ratio is 21.02. The beta has a value of 1.10. Price to book ratio is 2.17 and price to sales ratio is 2.07.