Intuitive Surgical Inc (NASDAQ:ISRG) saw an upside of 0.43% to $292.00 after adding $1.26 on Wednesday. The 5-day average trading volume is 1,494,308 shares of the company’s common stock. It has gained $297.45 in the past week and touched a new high 3 times within the past 5 days. An average of 1,516,472 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,795,945.
ISRG’s 1-month performance is -3.14% or -$5.86 on its low of $283.74 reached on 09/21/23. The company’s shares have touched a 52-week low of $180.07 and high of $358.07, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, ISRG has achieved 10.04% or $26.34 and has reached a new high 24 times. However, the current price is down -18.45% from the 52-week high price.
Insider Transactions
ISRG stock investors last saw insider trading activity on Sep 14.Ladd Amy L (Director) most recently sold 500 shares at $305.68 per share on Sep 14. This transaction cost the insider $152,840. Director, LEVY ALAN J, sold 2,000 shares at a price of $310.00 on Aug 07. Then, on Jul 31, CEO GUTHART GARY S sold 4,960 shares at a price of $325.89 per share. This transaction amounted to $1,616,414.
Valuation Metrics
ISRG stock has a beta of 1.30. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.39 while the price-to-book (PB) in the most recent quarter is 8.64, with the price to cash flow ratio at 87.02.
Intuitive Surgical Inc’s quick ratio for the period ended June 29 was 4.57, with the current ratio over the same period at 5.22. In terms of profitability, the gross margin trailing 12 months is 66.63%. The trailing 12-month EBITDA margin is 31.03% while for the period ending June 29, Intuitive Surgical Inc’s operating margin was 24.34%. The firm’s gross profit as reported stood at $4.2 billion against revenue of $6.22 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 26.85% to $420.8 million, while revenue of $355.3 million was 15.57% off the previous quarter. Analysts expected ISRG to announce $1.33 per share in earnings in its latest quarter, but it posted $1.42, representing a 6.80% surprise. EBITDA for the quarter stood at more than $568.0 million. Shareholders hold equity totaling $351.36 million.
Let’s look briefly at Intuitive Surgical Inc (ISRG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 43.09% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.04%.
The stock’s 5-day moving average is $289.65, reflecting a -0.09% or -$0.27 change from its current price. ISRG is currently trading -6.02% above its 20-day SMA, -3.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -17.82% and SMA200 by+7.23%.
Stochastic %K and %D was 34.71% and 27.01% and the average true range (ATR) pointed at 7.22. The RSI (14) points at 42.93%, while the 14-day stochastic is at 35.92% with the period’s ATR at 7.21. The stock’s 9-day MACD Oscillator is pointing at -0.72 and -3.97 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Intuitive Surgical Inc (NASDAQ: ISRG), Robert W. Baird launched coverage with an Outperform rating. Analysts offering their rating for ISRG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ISRG as a “sell,”, while 11 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 6 rates the stock as overweight while 11 have offered a “buy” rating.
What is ISRG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $315.00 and a high of $400.00, with their median price target at $371.50. Looking at these predictions, the average price target given by analysts is for Intuitive Surgical Inc (ISRG) stock is $367.91.
