As of Thursday close, Intuitive Surgical Inc.’s (NASDAQ:ISRG) stock was down -$7.61, moving down -2.61 percent to $284.35. The average number of shares traded per day over the past five days has been 1,661,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$19.39 fall in that time frame. In the last twenty days, the average volume was 1,581,605, while in the previous 50 days, it was 1,856,040.
Since last month, ISRG stock retreated -0.98%. Shares of the company fell to $283.74 on 09/21/23, the lowest level in the past month. A 52-week high of $358.07 was reached on 07/19/23 after having rallying from a 52-week low of $180.07. Since the beginning of this year, ISRG’s stock price has risen by 7.16% or $19.00, and marked a new high 24 times. However, the stock has declined by -20.59% since its 52-week high.
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ISRG stock investors should be aware that Intuitive Surgical Inc. (ISRG) stock had its last reported insider trading activity 8 days ago on Sep 14. Ladd Amy L, the Director of the company, disposed of 500 shares for $305.68 on Sep 14. It resulted in a $152,840 divestment by the insider. LEVY ALAN J sold 2,000 shares at an average price of $310.00 on Aug 07. The insider now owns 25,319 shares following the transaction. On Jul 31, CEO GUTHART GARY S sold 4,960 shares at $325.89 apiece. The transaction was valued at $1,616,414.
Valuation Metrics
Right now, Intuitive Surgical Inc. (ISRG) has a P/E ratio of about 71.36. The stock’s beta is 1.31. Besides these, the trailing price-to-sales (P/S) ratio of 15.41, the price-to-book (PB) ratio of 8.40, and the price-to-cash flow ratio of 87.09 may also be considered.
Financial Health
In the three months ended June 30, Intuitive Surgical Inc.’s quick ratio stood at 4.60, while its current ratio was 5.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 66.70% percent. In the year ended June 30, EBITDA margin amounted to 31.03%, whereas operating margins totaled 24.30%. Based on annual data, ISRG earned $4.2 billion in gross profit and brought in $6.22 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 11.90%. Return on equity (ROE) for the past 12 months was 12.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ISRG’s revenue rose 13.32% to $1.7 billion during the quarter, while net income inched up to $1.76 billion. While analysts expected Intuitive Surgical Inc. to report $1.33 quarterly earnings, the actual figure was $1.42 per share, beating the consensus estimate by 6.80%. During the quarter, the company generated $568.0 million in EBITDA. The liabilities of Intuitive Surgical Inc. were 1.94 billion at the end of its most recent quarter ended June 30. The value of shareholders’ equity is $351.36 million.
Technical Picture
This quick technical analysis looks at Intuitive Surgical Inc.’s (ISRG) price momentum. With a historical volatility rate of 24.73%, the RSI 9-day stood at 29.37% on 21 September.
With respect to its five-day moving average, the current Intuitive Surgical Inc. price is down by -6.38% percent or -$19.39. At present, ISRG shares trade -2.08% below its 20-day simple moving average and -5.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.19% below its SMA50 and +4.44% above its SMA200.
Stochastic coefficient K was 6.83% and Stochastic coefficient D was 9.46%, while ATR was 7.42. Given the Stochastic reading of 1.77% for the 14-day period, the RSI (14) reading has been calculated as 34.40%. As of today, the MACD Oscillator reading stands at -5.79, while the 14-day reading stands at -8.11.
Analyst Ratings
Robert W. Baird launched its rating on Intuitive Surgical Inc. (NASDAQ: ISRG) to an Outperform in a note to investors on July 19, 2023. Intuitive Surgical Inc. (ISRG) has been rated Overweight by analysts. According to 0 brokerage firms, ISRG is a sell, and 11 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 6 analysts rate Intuitive Surgical Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $371.50, the current consensus forecast for the stock is $315.00 – $400.00. Based on these forecasts, analysts predict Intuitive Surgical Inc. (ISRG) will achieve an average price target of $367.91.
