The stock of Masimo Corporation (NASDAQ:MASI) decreased by -$0.53 on Friday to finish at $113.62, down -0.46 percent. The last five days have seen an average of 1,236,100 shares of common stock traded. 19 times new highs were reached in the current year, with a fall of -$34.33. The average number of shares traded over the last 20 days was 1,449,880, while the average volume over the last 50 days totaled 870,260.
MASI stock dropped -22.86% since last month. On 07/18/23, the company’s shares reached a one-month low of $105.50. The stock touched a high of $198.00 on 04/21/23, after rallying from a low of $105.50 in 52 weeks. The price of MASI stock has declined by -23.20% or -$34.33 this year, reaching a new high 19 times. Still, the stock price is down -42.62% from the 52-week high.
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Insider Transactions
MASI stock investors should be aware that Masimo Corporation (MASI) stock had its last reported insider trading activity 81 days ago on May 25. On May 25, CEO and Chairman of the Board KIANI JOE E acquired 6,365 shares at $157.16 each. This transaction resulted in the insider spending $1,000,342. On Dec 15, KIANI JOE E added 7,040 shares at a price of US$144.79. After the transaction, the insider now owns 46,818 shares. CEO and Chairman of the Board KIANI JOE E had earlier bought 31,994 shares on Nov 14 for $123.99 a share. The transaction was completed for $3,967,010.
Valuation Metrics
Masimo Corporation (MASI) has a trailing price-to-earnings (P/E) ratio of 53.14. Beta for the stock is 0.81. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.76, the price-to-book (PB) ratio of 4.59.
Financial Health
For the three months ended June 29, Masimo Corporation’s quick ratio was 1.20, while its current ratio was 2.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.68, and the total debt to equity ratio is 0.70. As far as profitability goes, gross margin for the trailing twelve months is 50.40% percent. Masimo Corporation’s EBITDA margin for the year ended June 29 was 17.82%, whereas its operating margin stood at 8.90% for the same period. Based on annual data, it had gross profit of $1.06 billion and revenue of $2.04 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MASI’s return on assets (ROA) during the last 12 months has been 3.70%. There was a 7.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.90%.
Earnings Surprise
According to Masimo Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $455.2 million, while revenues fell by -24.19% to $565.0 million. It was predicted that Masimo Corporation’s quarterly earnings would be $0.62, but it ended up being $0.56, beating the consensus by 10.70%. EBITDA was $54.9 million for the quarter. At the end of Masimo Corporation’s most recent quarter ended June 29, its liabilities totaled 1.7 billion, while its total debt was $985.4 million. Equity owned by shareholders amounts to $52.82 million.
Technical Picture
Here’s a quick look at Masimo Corporation’s (MASI) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 29.60%, suggesting the stock is oversold, with a 24.87% historical volatility rate.
The stochastic %K and %D were 28.48% and 48.21% respectively, while the average true range (ATR) was 4.77. Based on the 14-day stochastic reading of 13.90%, the RSI (14) reading is 30.30%. On the 9-day MACD Oscillator, the stock is at -3.51, and the 14-day reading is at -3.84.
Analyst Ratings
Masimo Corporation (NASDAQ: MASI) was downgraded by Stifel to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Masimo Corporation (MASI) an Overweight rating. MASI is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is MASI’s price target for the next 12 months?
The current consensus forecast for the stock is between $110.00 and $150.00, with a median target price of $136.50. In analyzing these forecasts, the average price target given by analysts for Masimo Corporation (MASI) is $130.63.
