Scansource, Inc (NASDAQ: SCSC) is 22.62% higher on its value in year-to-date trading and has touched a low of $31.01 and a high of $53.90 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 SCSC stock was last observed hovering at around $48.01 in the last trading session, with the day’s gains setting it 0.56%.
Currently trading at $48.57, the stock is -5.06% and -1.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 1.17% at the moment leaves the stock 4.00% off its SMA200. SCSC registered 22.07% gain for a year compared to 6-month gain of 10.11%. The firm has a 50-day simple moving average (SMA 50) of $49.2668 and a 200-day simple moving average (SMA200) of $46.67345.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -4.95% loss in the last 1 month and extending the period to 3 months gives it a 2.08%, and is -4.80% down 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 4.14% over the week and 3.42% over the month.
Scansource, Inc (SCSC) has around 2300 employees, a market worth around $1.17B and $3.16B in sales. Current P/E ratio is 15.53 and Fwd P/E is 12.54. Profit margin for the company is 2.49%. Distance from 52-week low is 56.63% and -9.89% from its 52-week high. The company has generated returns on investments over the last 12 months (7.40%).
with sales reaching $847.6M over the same period.The EPS is expected to grow by 15.69% this year, but quarterly earnings will post 0.56% year-over-year. Quarterly sales are estimated to shrink -4.20% in year-over-year returns.
Scansource, Inc (SCSC) Top Institutional Holders
294.0 institutions hold shares in Scansource, Inc (SCSC), with institutional investors hold 114.87% of the company’s shares. The shares outstanding are 24.01M, and float is at 21.84M with Short Float at 9.49%. Institutions hold 105.31% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.3 million shares valued at $190.64 million. The investor’s holdings represent 17.1922% of the SCSC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.22 million shares valued at $142.74 million to account for 12.8726 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 2.32 million shares representing 9.2686% and valued at over $102.78 million, while DIMENSIONAL FUND ADVISORS LP holds 7.9266 of the shares totaling 1.98 million with a market value of $87.89 million.
Scansource, Inc (SCSC) Insider Activity
The most recent transaction is an insider sale by Ford Brandy, the company’s SVP & Chief Accounting Officer. SEC filings show that Ford Brandy sold 1,845 shares of the company’s common stock on Dec 19 ’24 at a price of $49.38 per share for a total of $91106.0. Following the sale, the insider now owns 9506.0 shares.
Still, SEC filings show that on Nov 19 ’24, BAUR MICHAEL L (CEO & Chairman of the Board) disposed off 21,688 shares at an average price of $49.12 for $1.07 million. The insider now directly holds 177,760 shares of Scansource, Inc (SCSC).
