The price of Pulmonx Corp (NASDAQ: LUNG) closed at $9.39 in the last session, down -1.47% from day before closing price of $9.53. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 377142 shares were traded.
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Ratios:
We take a closer look at LUNG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 5.77 and its Current Ratio is at 6.49. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on February 23, 2024, Downgraded its rating to Equal Weight and sets its target price to $14 from $16 previously.
On September 05, 2023, Craig Hallum started tracking the stock assigning a Buy rating and target price of $18.
Wells Fargo Upgraded its Equal Weight to Overweight on February 27, 2023, whereas the target price for the stock was revised from $10 to $15.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 01 ’24 when French Glendon E. III sold 6,954 shares for $9.06 per share. The transaction valued at 63,003 led to the insider holds 1,116,758 shares of the business.
Lehman David Aaron sold 4,351 shares of LUNG for $39,420 on Mar 01 ’24. The GENERAL COUNSEL now owns 145,488 shares after completing the transaction at $9.06 per share. On Mar 01 ’24, another insider, Rose Geoffrey Beran, who serves as the CHIEF COMMERCIAL OFFICER of the company, sold 3,097 shares for $9.06 each. As a result, the insider received 28,059 and left with 239,952 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LUNG now has a Market Capitalization of 367.26M and an Enterprise Value of 291.58M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.27 while its Price-to-Book (P/B) ratio in mrq is 3.06. Its current Enterprise Value per Revenue stands at 4.25 whereas that against EBITDA is -5.25.
Stock Price History:
Over the past 52 weeks, LUNG has reached a high of $14.84, while it has fallen to a 52-week low of $7.75. The 50-Day Moving Average of the stock is 11.92, while the 200-Day Moving Average is calculated to be 11.44.
Shares Statistics:
According to the various share statistics, LUNG traded on average about 455.49K shares per day over the past 3-months and 597.78k shares per day over the past 10 days. A total of 38.52M shares are outstanding, with a floating share count of 35.15M. Insiders hold about 8.79% of the company’s shares, while institutions hold 88.74% stake in the company. Shares short for LUNG as of Feb 29, 2024 were 1.26M with a Short Ratio of 2.77, compared to 1.55M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.28% and a Short% of Float of 4.00%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.47 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$0.51, while EPS last year was -$0.42. The consensus estimate for the next quarter is -$0.46, with high estimates of -$0.43 and low estimates of -$0.49.
Analysts are recommending an EPS of between -$1.78 and -$1.94 for the fiscal current year, implying an average EPS of -$1.85. EPS for the following year is -$1.57, with 6 analysts recommending between -$1.17 and -$1.81.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $18.03M. It ranges from a high estimate of $18.8M to a low estimate of $17.5M. As of the current estimate, Pulmonx Corp’s year-ago sales were $13.49M, an estimated increase of 33.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $20.73M, an increase of 20.60% less than the figure of $33.70% in the same quarter last year. There is a high estimate of $21.5M for the next quarter, whereas the lowest estimate is $20.36M.
A total of 6 analysts have provided revenue estimates for LUNG’s current fiscal year. The highest revenue estimate was $83.3M, while the lowest revenue estimate was $81.1M, resulting in an average revenue estimate of $82.37M. In the same quarter a year ago, actual revenue was $68.67M, up 19.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $97.58M in the next fiscal year. The high estimate is $101.1M and the low estimate is $92.8M. The average revenue growth estimate for next year is up 18.50% from the average revenue estimate for this year.
