MASI (Masimo Corporation) stock is in for a key growth catalyst

Masimo Corporation (NASDAQ: MASI) closed the day trading at $155.24 down -4.68% from the previous closing price of $162.87. In other words, the price has decreased by -$7.63 from its previous closing price. On the day, 625352 shares were traded. MASI stock price reached its highest trading level at $161.79 during the session, while it also had its lowest trading level at $155.10.

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For a better understanding of MASI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.67.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 15 when KIANI JOE E bought 7,040 shares for $144.79 per share. The transaction valued at 1,019,352 led to the insider holds 46,818 shares of the business.

KIANI JOE E bought 31,994 shares of MASI for $3,967,010 on Nov 14. The CEO and Chairman of the Board now owns 39,778 shares after completing the transaction at $123.99 per share. On Nov 11, another insider, KIANI JOE E, who serves as the CEO and Chairman of the Board of the company, bought 7,784 shares for $129.27 each. As a result, the insider paid 1,006,255 and bolstered with 7,784 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, MASI now has a Market Capitalization of 9.11B and an Enterprise Value of 9.94B. As of this moment, Masimo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 71.31, and their Forward P/E ratio for the next fiscal year is 28.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.56 while its Price-to-Book (P/B) ratio in mrq is 6.14. Its current Enterprise Value per Revenue stands at 4.33 whereas that against EBITDA is 28.32.

Stock Price History:

Over the past 52 weeks, MASI has reached a high of $198.00, while it has fallen to a 52-week low of $108.89. The 50-Day Moving Average of the stock is 181.04, while the 200-Day Moving Average is calculated to be 158.05.

Shares Statistics:

Over the past 3-months, MASI traded about 368.27K shares per day on average, while over the past 10 days, MASI traded about 630.22k shares per day. A total of 52.60M shares are outstanding, with a floating share count of 48.15M. Insiders hold about 0.80% of the company’s shares, while institutions hold 90.50% stake in the company. Shares short for MASI as of Apr 27, 2023 were 865.58k with a Short Ratio of 0.87M, compared to 734.17k on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.64% and a Short% of Float of 2.29%.

Earnings Estimates

Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $0.95 for the current quarter, with a high estimate of $1.1 and a low estimate of $0.86, while EPS last year was $1.35. The consensus estimate for the next quarter is $1.25, with high estimates of $1.3 and low estimates of $1.21.

Analysts are recommending an EPS of between $4.77 and $4.7 for the fiscal current year, implying an average EPS of $4.75. EPS for the following year is $5.4, with 7 analysts recommending between $5.55 and $5.31.

Revenue Estimates

7 analysts predict $553.12M in revenue for the current quarter. It ranges from a high estimate of $560.1M to a low estimate of $549.47M. As of the current estimate, Masimo Corporation’s year-ago sales were $565.3M, an estimated decrease of -2.20% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $606.02M, an increase of 10.30% over than the figure of -$2.20% in the same quarter last year. There is a high estimate of $617.3M for the next quarter, whereas the lowest estimate is $594.9M.

A total of 7 analysts have provided revenue estimates for MASI’s current fiscal year. The highest revenue estimate was $2.44B, while the lowest revenue estimate was $2.42B, resulting in an average revenue estimate of $2.43B. In the same quarter a year ago, actual revenue was $2.04B, up 19.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $2.62B in the next fiscal year. The high estimate is $2.66B and the low estimate is $2.57B. The average revenue growth estimate for next year is up 7.80% from the average revenue estimate for this year.