Silgan Holdings Inc. (NYSE: SLGN) is 16.44% higher on its value in year-to-date trading and has touched a low of $38.11 and a high of $52.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLGN stock was last observed hovering at around $51.43 in the last trading session, with the day’s gains setting it 1.26%.
Currently trading at $52.69, the stock is 16.24% and 16.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 2.45% at the moment leaves the stock 18.36% off its SMA200. SLGN registered 19.75% gain for a year compared to 6-month loss of 14.69%.
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The stock witnessed a 26.02% gain in the last 1 month and extending the period to 3 months gives it a 17.82%, and is 12.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 2.04% over the month.
Silgan Holdings Inc. (SLGN) has around 14520 employees, a market worth around $5.63B and $5.84B in sales. Current P/E ratio is 18.52 and Fwd P/E is 12.74. Profit margin for the company is 5.24%. Distance from 52-week low is 38.26% and 1.11% from its 52-week high. The company has generated returns on investments over the last 12 months (5.22%).
The EPS is expected to grow by 7.62% this year
The shares outstanding are 106.50M, and float is at 82.57M with Short Float at 1.67%.
Silgan Holdings Inc. (SLGN) Insider Activity
The most recent transaction is an insider sale by MARTIN JAY A, the company’s Senior Vice President. SEC filings show that MARTIN JAY A sold 36,177 shares of the company’s common stock on May 15 ’24 at a price of $47.27 per share for a total of $1.71 million. Following the sale, the insider now owns 0.11 million shares.
Silgan Holdings Inc. disclosed in a document filed with the SEC on May 13 ’24 that Prinzen B Frederik (Sr. V.P. – Corp. Dev.) sold a total of 4,093 shares of the company’s common stock. The trade occurred on May 13 ’24 and was made at $47.84 per share for $0.2 million. Following the transaction, the insider now directly holds 4520.0 shares of the SLGN stock.
Still, SEC filings show that on May 10 ’24, LEWIS ROBERT B (EVP, Corp. Dev. & Admin.) disposed off 30,000 shares at an average price of $47.08 for $1.41 million. The insider now directly holds 172,133 shares of Silgan Holdings Inc. (SLGN).
