Insulet Corporation (NASDAQ:PODD) finished Friday with a subtraction of -$4.84 to close at $183.00, a downside of -2.58 percent. An average of 1,641,380 shares of common stock have been traded in the last five days. There was a fall of -$22.10 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,265,885 shares traded, while the 50-day average volume stands at 814,750.
PODD stock has decreased by -34.07% in the last month. The company shares reached their 1-month lowest point of $180.75 on 08/25/23. With the stock rallying to its 52-week high on 05/05/23, shares of the company touched a low of $185.48 and a high of $335.91 in 52 weeks. It has reached a new high 13 times so far this year and lost -37.84% or -$111.39 in price. In spite of this, the price is down -45.52% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
PODD stock investors should be aware that Insulet Corporation (PODD) stock had its last reported insider trading activity 54 days ago on Jul 03. In this transaction, the insider spent $392,721. SVP, Chief HR Officer, Manea Dan, disposed of 175 shares at a price of $290.00 on Jun 20. The insider now owns more than $50,750 worth of shares. Prior to that, Director BORIO LUCIANA went on to Sale 500 shares at $283.38 each on Jun 05. An amount of $141,690 was transacted.
Valuation Metrics
Insulet Corporation (PODD) has a trailing price-to-earnings (P/E) ratio of 205.39. The stock’s beta is 0.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.86, the price-to-book (PB) ratio at 23.05.
Financial Health
The quick ratio of Insulet Corporation for the three months ended June 29 was 2.40, and the current ratio was 3.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.47 and a total debt to equity ratio of 2.52 for the quarter ending June 29. Insulet Corporation’s EBITDA margin for the year ending June 29 is 7.72%, while its operating margin for the same period stands at 5.80%. Its gross profit as reported stood at $805.6 million compared to revenue of $1.31 billion.
Earnings Surprise
For the three-month period that ended June 29, Insulet Corporation had $1.37 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $27.3 million in the quarter, while revenues of $23.8 million were grew 228.21%. The analyst consensus anticipated Insulet Corporation’s latest quarter earnings to come in at $0.26 per share, but it turned out to be $0.38, a 46.20% surprise. For the quarter, EBITDA amounted to $49.2 million. Shareholders own equity worth $69.82 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Insulet Corporation (PODD) price momentum. RSI 9-day as of the close on 25 August was 7.38%, suggesting the stock is oversold, with historical volatility in this time frame at 20.57%.
As of today, PODD’s price is $190.72 -10.78% or -$22.10 from its 5-day moving average. PODD is currently trading -34.77% lower than its 20-day SMA and -42.60% lower than its 100-day SMA. However, the stock’s current price level is -35.47% below the SMA50 and -39.68% below the SMA200.
The stochastic %K and %D were 2.15% and 2.66%, respectively, and the average true range (ATR) was 8.31. With the 14-day stochastic at 2.96% and the average true range at 8.16, the RSI (14) stands at 11.47%. The stock has reached -13.18 on the 9-day MACD Oscillator while the 14-day reading was at -24.09.
Analyst Ratings
Citigroup upgraded Insulet Corporation (NASDAQ: PODD) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Insulet Corporation (PODD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PODD, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 others rate it as a “buy”.
What is PODD’s price target for the next 12 months?
Analysts predict a range of price targets between $208.00 and $360.00, with a median target of $299.00. Taking a look at these predictions, the average price target given by analysts for Insulet Corporation (PODD) stock is $291.53.
