As of Friday close, Insulet Corporation’s (NASDAQ:PODD) stock was down -$3.19, moving down -1.53 percent to $205.10. The average number of shares traded per day over the past five days has been 1,079,600 shares. 2 times new highs have been achieved over the past 5 days, with a -$20.18 fall in that time frame. In the last twenty days, the average volume was 944,695, while in the previous 50 days, it was 700,840.
Since last month, PODD stock retreated -26.44%. Shares of the company fell to $204.26 on 08/17/23, the lowest level in the past month. A 52-week high of $335.91 was reached on 05/05/23 after having rallying from a 52-week low of $204.26. Since the beginning of this year, PODD’s stock price has dropped by -30.33% or -$89.29, and marked a new high 13 times. However, the stock has declined by -38.94% since its 52-week high.
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Sponsored
PODD stock investors should be aware that Insulet Corporation (PODD) stock had its last reported insider trading activity 47 days ago on Jul 03. McMillan Wayde D., the EVP, CFO of the company, disposed of 1,388 shares for $282.94 on Jul 03. It resulted in a $392,721 divestment by the insider. Manea Dan sold 175 shares at an average price of $290.00 on Jun 20. The insider now owns 4,522 shares following the transaction. On Jun 05, Director BORIO LUCIANA sold 500 shares at $283.38 apiece. The transaction was valued at $141,690.
Valuation Metrics
Right now, Insulet Corporation (PODD) has a P/E ratio of about 230.20. The stock’s beta is 0.83. Besides these, the trailing price-to-sales (P/S) ratio of 10.12, the price-to-book (PB) ratio of 25.83.
Financial Health
In the three months ended June 29, Insulet Corporation’s quick ratio stood at 2.40, while its current ratio was 3.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.47, and the total debt-to-equity ratio was 2.52. On the profitability front, the trailing twelve-month gross margin is 62.20% percent. In the year ended June 29, EBITDA margin amounted to 7.72%, whereas operating margins totaled 5.80%. Based on annual data, PODD earned $805.6 million in gross profit and brought in $1.31 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.70%. Return on equity (ROE) for the past 12 months was 12.80%.
In Insulet Corporation’s quarter-end financial report for June 29, it reported total debt of $1.37 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PODD’s revenue rose 24.49% to $358.1 million during the quarter, while net income inched up to $396.5 million. While analysts expected Insulet Corporation to report $0.26 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by 46.20%. During the quarter, the company generated $49.2 million in EBITDA. The liabilities of Insulet Corporation were 1.83 billion at the end of its most recent quarter ended June 29, and its total debt was $1.4 billion. The value of shareholders’ equity is $69.82 million.
Technical Picture
This quick technical analysis looks at Insulet Corporation’s (PODD) price momentum. With a historical volatility rate of 39.02%, the RSI 9-day stood at 9.53% on 18 August.
With respect to its five-day moving average, the current Insulet Corporation price is down by -8.96% percent or -$20.18. At present, PODD shares trade -27.85% below its 20-day simple moving average and -34.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.43% below its SMA50 and -20.75% below its SMA200.
Stochastic coefficient K was 2.31% and Stochastic coefficient D was 1.93%, while ATR was 8.10. Given the Stochastic reading of 1.15% for the 14-day period, the RSI (14) reading has been calculated as 14.48%. As of today, the MACD Oscillator reading stands at -13.55, while the 14-day reading stands at -29.35.
Analyst Ratings
Insulet Corporation (PODD) has been rated Overweight by analysts. According to 0 brokerage firms, PODD is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Insulet Corporation stock as buy, with 10 recommending it as overweight.
With a median target price of $320.00, the current consensus forecast for the stock is $248.00 – $365.00. Based on these forecasts, analysts predict Insulet Corporation (PODD) will achieve an average price target of $310.00.
