Intuitive Surgical Inc. (NASDAQ:ISRG) traded with a subtraction of -$2.74 to $287.65 on Thursday, a downside of -0.94 percent. An average of 1,590,262 shares of common stock have been traded in the last five days. There was a fall of -$2.17 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 1,517,011 shares traded, while the 50-day average volume stands at 1,841,220.
ISRG stock has decreased by -12.67% in the last month. The company shares reached their 1-month lowest point of $282.50 on 08/21/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $180.07 and a high of $358.07 in 52 weeks. It has reached a new high 24 times so far this year and achieved 8.40% or $22.56 in price. In spite of this, the price is down -19.67% from the 52-week high.
Insider Transactions
ISRG stock investors should be aware that Intuitive Surgical Inc. (ISRG) stock had its last reported insider trading activity 17 days ago on Aug 07. In this transaction, the insider spent $620,000. CEO, GUTHART GARY S, disposed of 4,960 shares at a price of $325.89 on Jul 31. The insider now owns more than $1,616,414 worth of shares. Prior to that, CEO GUTHART GARY S went on to Sale 50,314 shares at $326.76 each on Jul 28. An amount of $16,440,733 was transacted.
Valuation Metrics
Intuitive Surgical Inc. (ISRG) has a trailing price-to-earnings (P/E) ratio of 72.18. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.38, the price-to-book (PB) ratio at 8.50, and the price-to-cash flow ratio at 86.96.
Financial Health
The quick ratio of Intuitive Surgical Inc. for the three months ended June 29 was 4.60, and the current ratio was 5.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $4.2 billion compared to revenue of $6.22 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Intuitive Surgical Inc.’s return on assets was 10.70%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $420.8 million in the quarter, while revenues of $355.3 million were grew 26.85%. The analyst consensus anticipated Intuitive Surgical Inc.’s latest quarter earnings to come in at $1.33 per share, but it turned out to be $1.42, a 6.80% surprise. For the quarter, EBITDA amounted to $568.0 million. At the end of the quarter ending June 29, Intuitive Surgical Inc.’s stock balance sheet showed total liabilities of 1.94 billion. Shareholders own equity worth $351.36 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Intuitive Surgical Inc. (ISRG) price momentum. RSI 9-day as of the close on 23 August was 25.12%, suggesting the stock is oversold, with historical volatility in this time frame at 20.88%.
As of today, ISRG’s price is $287.62 -0.75% or -$2.17 from its 5-day moving average. ISRG is currently trading -11.02% lower than its 20-day SMA and +12.70% higher than its 100-day SMA. However, the stock’s current price level is -8.73% below the SMA50 and +20.20% above the SMA200.
The stochastic %K and %D were 19.53% and 15.33%, respectively, and the average true range (ATR) was 6.11. With the 14-day stochastic at 17.82% and the average true range at 6.43, the RSI (14) stands at 27.99%. The stock has reached -4.76 on the 9-day MACD Oscillator while the 14-day reading was at -8.98.
Analyst Ratings
Robert W. Baird launched coverage on Intuitive Surgical Inc. (NASDAQ: ISRG) in its analyst report released on July 19, 2023. The firm assigned the stock an Outperform rating. The consensus rating for Intuitive Surgical Inc. (ISRG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ISRG, while 11 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 11 others rate it as a “buy”.
What is ISRG’s price target for the next 12 months?
Analysts predict a range of price targets between $315.00 and $400.00, with a median target of $371.50. Taking a look at these predictions, the average price target given by analysts for Intuitive Surgical Inc. (ISRG) stock is $367.91.
