The stock of Intuitive Surgical Inc. (NASDAQ:ISRG) increased by $8.91 on Tuesday to finish at $310.39, up 2.96 percent. The last five days have seen an average of 1,611,240 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $45.04. The average number of shares traded over the last 20 days was 1,605,645, while the average volume over the last 50 days totaled 1,820,962.
ISRG stock dropped -4.32% since last month. On 08/21/23, the company’s shares reached a one-month low of $282.50. The stock touched a high of $358.07 on 07/19/23, after rallying from a low of $180.07 in 52 weeks. The price of ISRG stock has risen by 16.97% or $45.04 this year, reaching a new high 24 times. Still, the stock price is down -13.32% from the 52-week high.
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Insider Transactions
ISRG stock investors should be aware that Intuitive Surgical Inc. (ISRG) stock had its last reported insider trading activity 23 days ago on Aug 07. On Aug 07, Director LEVY ALAN J sold 2,000 shares at $310.00 each. This transaction resulted in the insider making $620,000. On Jul 31, GUTHART GARY S sold 4,960 shares at a price of US$325.89. After the transaction, the insider now owns 32,320 shares. CEO GUTHART GARY S had earlier sold 50,314 shares on Jul 28 for $326.76 a share. The transaction was completed for $16,440,733.
Valuation Metrics
Intuitive Surgical Inc. (ISRG) has a trailing price-to-earnings (P/E) ratio of 77.89. Beta for the stock is 1.30. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 15.71, the price-to-book (PB) ratio of 9.17, and the price-to-cash flow ratio of 88.80.
Financial Health
For the recent quarter, Intuitive Surgical Inc.’s quick ratio was 4.60, while its current ratio was 5.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 66.70% percent. Intuitive Surgical Inc.’s EBITDA margin for the recent year was 31.03%, whereas its operating margin stood at 24.30% for the same period. Based on annual data, it had gross profit of $4.2 billion and revenue of $6.22 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ISRG’s return on assets (ROA) during the last 12 months has been 10.70%. There was a 11.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.50%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.76 billion, while revenues rose by 13.32% to $1.7 billion. EBITDA was $568.0 million for the quarter. Equity owned by shareholders amounts to $351.36 million.
Technical Picture
Here’s a quick look at Intuitive Surgical Inc.’s (ISRG) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 62.14%, suggesting the stock is Neutral, with a 36.83% historical volatility rate.
The stochastic %K and %D were 69.26% and 46.53% respectively, while the average true range (ATR) was 7.39. Based on the 14-day stochastic reading of 93.59%, the RSI (14) reading is 53.82%. On the 9-day MACD Oscillator, the stock is at 10.33, and the 14-day reading is at 6.32.
Analyst Ratings
In its analyst report released on July 19, 2023, Robert W. Baird began covering Intuitive Surgical Inc. (NASDAQ: ISRG). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Intuitive Surgical Inc. (ISRG) an Overweight rating. ISRG is a stock that is recommended for selling by 0 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 6 rates it overweight and 11 others recommend it as a buy.
What is ISRG’s price target for the next 12 months?
The current consensus forecast for the stock is between $315.00 and $400.00, with a median target price of $371.50. In analyzing these forecasts, the average price target given by analysts for Intuitive Surgical Inc. (ISRG) is $367.91.
