As of Thursday close, Masimo Corporation’s (NASDAQ:MASI) stock was down -$0.17, moving down -0.15 percent to $114.28. The average number of shares traded per day over the past five days has been 981,080 shares. 5 times new highs have been achieved over the past 5 days, with a $5.20 gain in that time frame. In the last twenty days, the average volume was 939,510, while in the previous 50 days, it was 981,468.
Since last month, MASI stock retreated -4.38%. Shares of the company fell to $107.24 on 08/16/23, the lowest level in the past month. A 52-week high of $198.00 was reached on 04/21/23 after having rallying from a 52-week low of $105.50. Since the beginning of this year, MASI’s stock price has dropped by -22.76% or -$33.67, and marked a new high 19 times. However, the stock has declined by -42.28% since its 52-week high.
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Sponsored
MASI stock investors should be aware that Masimo Corporation (MASI) stock had its last reported insider trading activity 99 days ago on May 25. KIANI JOE E, the CEO and Chairman of the Board of the company, purchased of 6,365 shares for $157.16 on May 25. It resulted in a $1,000,342 investment by the insider. KIANI JOE E added 7,040 shares at an average price of $144.79 on Dec 15. The insider now owns 46,818 shares following the transaction. On Nov 14, CEO and Chairman of the Board KIANI JOE E bought 31,994 shares at $123.99 apiece. The transaction was valued at $3,967,010.
Valuation Metrics
Right now, Masimo Corporation (MASI) has a P/E ratio of about 53.45. The stock’s beta is 0.81. Besides these, the trailing price-to-sales (P/S) ratio of 2.72, the price-to-book (PB) ratio of 4.61.
Financial Health
In the three months ended June 29, Masimo Corporation’s quick ratio stood at 1.20, while its current ratio was 2.10, 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 0.68, and the total debt-to-equity ratio was 0.70. On the profitability front, the trailing twelve-month gross margin is 50.40% percent. In the year ended June 29, EBITDA margin amounted to 17.82%, whereas operating margins totaled 8.90%. Based on annual data, MASI earned $1.06 billion in gross profit and brought in $2.04 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 7.00%. Return on equity (ROE) for the past 12 months was 8.90%.
In Masimo Corporation’s quarter-end financial report for June 29, it reported total debt of $888.8 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MASI’s revenue fell -24.17% to $564.8 million during the quarter, while net income inched up to $455.2 million. While analysts expected Masimo Corporation to report $0.56 quarterly earnings, the actual figure was $0.62 per share, beating the consensus estimate by 10.70%. During the quarter, the company generated $54.9 million in EBITDA. The liabilities of Masimo Corporation were 1.7 billion at the end of its most recent quarter ended June 29, and its total debt was $985.4 million. The value of shareholders’ equity is $52.82 million.
Technical Picture
This quick technical analysis looks at Masimo Corporation’s (MASI) price momentum. With a historical volatility rate of 16.08%, the RSI 9-day stood at 51.66% on 31 August.
With respect to its five-day moving average, the current Masimo Corporation price is up by +4.77% percent or $5.20. At present, MASI shares trade -4.10% below its 20-day simple moving average and -38.83% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.93% below its SMA50 and -12.09% below its SMA200.
Stochastic coefficient K was 76.29% and Stochastic coefficient D was 58.17%, while ATR was 2.73. Given the Stochastic reading of 79.83% for the 14-day period, the RSI (14) reading has been calculated as 42.82%. As of today, the MACD Oscillator reading stands at 2.65, while the 14-day reading stands at 3.04.
Analyst Ratings
Masimo Corporation downgraded its rating on Masimo Corporation (NASDAQ: MASI) to a Hold in a note to investors on July 18, 2023. The analysts firm previously had a Buy rating on the stock.Masimo Corporation (MASI) has been rated Overweight by analysts. According to 0 brokerage firms, MASI is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Masimo Corporation stock as buy, with 4 recommending it as overweight.
With a median target price of $136.50, the current consensus forecast for the stock is $110.00 – $150.00. Based on these forecasts, analysts predict Masimo Corporation (MASI) will achieve an average price target of $130.63.
