TipRanksStock Market NewsSMED NewsBarrington Thinks Sharps Compliance’s Stock is Going to Recover

Barrington Thinks Sharps Compliance’s Stock is Going to Recover

In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Sharps Compliance (SMEDResearch Report), with a price target of $6.00. The company’s shares closed last Monday at $3.24, close to its 52-week low of $2.91.

According to TipRanks.com, Steinke is a 5-star analyst with an average return of 11.1% and a 53.0% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Heritage-Crystal Clean, and Heidrick & Struggles.

Sharps Compliance has an analyst consensus of Moderate Buy, with a price target consensus of $6.00.

See today’s best-performing stocks on TipRanks >>

Based on Sharps Compliance’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $17.58 million and GAAP net loss of $287K. In comparison, last year the company earned revenue of $27.53 million and had a net profit of $6.85 million.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMED in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sharps Compliance Corp. engages in the provision of healthcare waste management services including medical, pharmaceutical, and hazardous. It focuses on developing management solutions for medical waste and unused dispensed medications generated by small and medium quantity generators. The company was founded in November 1992 and is headquartered in Houston, TX.

Read More on SMED:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More