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Sharps Compliance Corp.
SMED Details
Sharps Compliance Corp. (NYSE: SMED) is a leading national health waste management provider specializing in regulated waste streams, pharmaceuticals, and hazardous waste. It offers comprehensive solutions for managing regulated medical waste, hazardous waste, and unused medications.
Latest News:
Q2FY22 Results:
Key Risk:
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
SMED's share price declined by 57.47% in the past nine months and is currently leaning towards the lower-band of the 52-week range of USD 6.27 to USD 18.67. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 8.03.
Considering the significant correction in stock price, low leverage, high net-profit margins, strategic acquisition, current valuation, and associated risks, we recommend a "Speculative Buy" rating on the stock at the current price of USD 6.52, up 2.35% as of February 07, 2022, 03:13 PM ET.
Three-Year Technical Price Chart (as on February 07, 2022, at 03:13 PM ET). Source: REFINITIV, Analysis by Kalkine Group
Technical Analysis Summary:
Technical Indicators Defined: -
Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors’ appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the Valuation has been achieved and subject to the factors discussed above.
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