Looking To Buy Intuitive Surgical Inc. (ISRG)? Read This First

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Intuitive Surgical Inc. (NASDAQ:ISRG) saw an upside of 0.78% to close Tuesday at $257.98 after adding $2.0 on the day. The 5-day average trading volume is 2,100,840 shares of the company’s common stock. It has gained $264.89 in the past week and touched a new high 1 time within the past 5 days. An average of 1,645,250 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,918,516.

ISRG’s 1-month performance is -3.07% or -$4.68 on its low of $248.96 reached on 01/20/23. The company’s shares have touched a 52-week low of $180.07 and high of $308.97, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, ISRG has lost -2.78% or -$7.37 and has reached a new high 5 times. However, the current price is down -16.50% from the 52-week high price.

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Insider Transactions

ISRG stock investors last saw insider trading activity on Nov 08.Johnson Amal M (Director) most recently sold 6,375 shares at $239.36 per share on Nov 08. This transaction cost the insider $1,525,904. EVP & Chief Medical Officer, Curet Myriam, sold 8,000 shares at a price of $250.06 on Nov 01. Then, on Oct 21, President & CEO GUTHART GARY S sold 44,203 shares at a price of $210.84 per share. This transaction amounted to $9,319,610.

Valuation Metrics

ISRG stock has a beta of 1.32. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 14.65 while the price-to-book (PB) in the most recent quarter is 7.96, with the price to cash flow ratio at 83.40.

Intuitive Surgical Inc.’s quick ratio for the period ended September 29 was 4.40, with the current ratio over the same period at 5.10.. In terms of profitability, the gross margin trailing 12 months is 67.80%. The firm’s gross profit as reported stood at $3.96 billion against revenue of $5.71 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Intuitive Surgical Inc.’s cash and short-term investments amounted to $2.78 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -17.44% to $324.0 million, while revenue of $307.8 million was 5.0% off the previous quarter. Analysts expected ISRG to announce $1.12 per share in earnings in its latest quarter, but it posted $1.19, representing a 6.20% surprise. EBITDA for the quarter stood at more than $495.8 million. Shareholders hold equity totaling $353.38 million.

Let’s look briefly at Intuitive Surgical Inc. (ISRG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 45.28% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.93%.

The stock’s 5-day moving average is $255.92, reflecting a -1.43% or -$3.75 change from its current price. ISRG is currently trading -2.14% above its 20-day SMA, +24.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.25% and SMA200 by-10.63%.

Stochastic %K and %D was 32.29% and 24.25% and the average true range (ATR) pointed at 6.90. The RSI (14) points at 46.43%, while the 14-day stochastic is at 36.64% with the period’s ATR at 6.97. The stock’s 9-day MACD Oscillator is pointing at -0.55 and -4.69 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Intuitive Surgical Inc. (NASDAQ: ISRG), Barclays launched coverage with an Overweight rating. Analysts offering their rating for ISRG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ISRG as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 10 have offered a “buy” rating.

What is ISRG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $225.00 and a high of $325.00, with their median price target at $294.50. Looking at these predictions, the average price target given by analysts is for Intuitive Surgical Inc. (ISRG) stock is $283.78.

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