Catalent Inc. (CTLT) Reports -4.82% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Catalent Inc. (NYSE:CTLT) does about 1.63M shares in volume on a normal day but saw 1413183 shares change hands in the recent trading day. The company now has a market cap of 10.37B USD. Its current market price is $57.30, marking an increase of 0.33% compared to the previous close of $57.11. The 52 week high reached by this stock is $60.20 whilst the lowest price level in 52 weeks is $31.80. The script in recent trading has seen the stock touch a high of $132 and a low of $41.

Catalent Inc. (CTLT) has a 20-day trading average at $56.12 and the current price is -4.82% off the 52-week high compared with 80.19% distance from its 52-week low. The 50-day simple moving average of the closing price is $55.69 and its 200-day simple moving average is $50.13. If we look at the stock’s price movements over the week, volatility stands at 0.73%, which increases to 0.85% 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 67.00 to suggest the stock is neutral.

The consensus objective for the share price is $63.43, suggesting that the stock has a potential upside of 9.66% over the period. The median price target is 9.76% away from the current levels at $63.5.

6 analysts have rated it as a buy and 6 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 16, 2023 when Robert W. Baird upgraded the stock to “Outperform” and issued a price target of between $45 and $53. Argus also upgraded the stock to “Buy” from Hold on September 05, 2023 at a price target of $62. Wells Fargo initiated its price target at $43.

Catalent Inc. (CTLT) stock is up 2.03% over the week and 1.94% over the past month. Its price is 27.53% year-to-date and 28.25% over the past year.

Its 12-month price target is $63.5. To reach the target analysts have set, the stock logically needs to grow 9.66 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $41, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $132.

The company has a return on investment of -13.48% and return on equity of -27.71%. The forward price to earnings ratio is 50.41. The beta has a value of 1.16. Price to book ratio is 2.86 and price to sales ratio is 2.50.