Service Corp. International (SCI) is one of the top AI stocks to consider for investment in 2023. With the global AI market projected to surpass trillions of dollars, investing in AI companies has become an attractive opportunity for investors.
According to a report by Grand View Research, the global AI boom is expected to grow from $137 billion in 2022 to over $1.81 trillion by 2030. This exponential growth opens up immense possibilities for investors looking to capitalize on the AI revolution.
Service Corp. International has shown promising performance in the AI sector. Despite the company’s EPS decrease of -9.21% in the current fiscal period, it is forecasted to reach 3.60 in the upcoming year. Market analysts predict that the company’s EPS will increase by 12.00% over the next five years, building on the 4.42% growth it achieved over the previous five years.
The efficiency of the firm is reflected in its financial indicators. With a total of 17,589 employees, the company has generated $233,593 per worker during the last fiscal year. Additionally, it has a net margin of +13.76 and a return on equity of 31.56, further illustrating its profitability.
When considering investment decisions, it is important to analyze the behavior of major investors. Service Corp. International’s insider ownership accounts for 3.15%, while institutional ownership stands at 87.99%. Recent insider trades by the President, CEO & Chairman have affected insider ownership by 962,409.
In terms of performance, Service Corp. International has shown steady indicators. Its Quick Ratio stands at 0.59, indicating good liquidity. The stock has achieved an average true range (ATR) of 1.50 and has a PE Ratio of $19.00. The stock’s Beta score is 0.81, suggesting a moderate level of volatility.
Looking at the company’s stock volume, it has experienced a slight decrease compared to the previous year. However, its Stochastic %D has remained relatively stable in the previous nine days, standing at 76.76%. The stock’s historic volatility in the past 14 days was higher at 58.10% than in the past 100 days at 29.82%.
In conclusion, Service Corp. International presents a solid investment opportunity in the AI sector. With the global AI market expected to soar in the coming years, investing in AI stocks like Service Corp. International can potentially yield significant returns. By considering the company’s financial indicators, performance metrics, and the behavior of major investors, investors can make informed decisions about their investment strategies.