SI-BONE Inc (NASDAQ: SIBN) closed the day trading at $17.76 down -13.53% from the previous closing price of $20.54. In other words, the price has decreased by -$2.78 from its previous closing price. On the day, 1868251 shares were traded.
Ratios:
For a better understanding of SIBN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.15 and its Current Ratio is at 9.01. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.22.
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 this company, Jefferies on October 12, 2022, initiated with a Buy rating and assigned the stock a target price of $20.
On June 08, 2021, Citigroup started tracking the stock assigning a Buy rating and target price of $40.Citigroup initiated its Buy rating on June 08, 2021, with a $40 target price.
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 Feb 16 when FRANCIS LAURA sold 38,587 shares for $20.95 per share. The transaction valued at 808,591 led to the insider holds 501,476 shares of the business.
RECUPERO ANTHONY J sold 7,822 shares of SIBN for $163,910 on Feb 16. The President, Commercial Ops now owns 259,090 shares after completing the transaction at $20.95 per share. On Feb 16, another insider, Maheshwari Anshul, who serves as the Chief Financial Officer of the company, sold 7,336 shares for $20.96 each. As a result, the insider received 153,726 and left with 207,941 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, SIBN now has a Market Capitalization of 820.96M and an Enterprise Value of 704.43M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.18 while its Price-to-Book (P/B) ratio in mrq is 4.13.
Stock Price History:
Over the past 52 weeks, SIBN has reached a high of $29.51, while it has fallen to a 52-week low of $15.57. The 50-Day Moving Average of the stock is 20.23, while the 200-Day Moving Average is calculated to be 21.74.
Shares Statistics:
Over the past 3-months, SIBN traded about 409.72K shares per day on average, while over the past 10 days, SIBN traded about 423.51k shares per day. A total of 40.50M shares are outstanding, with a floating share count of 36.45M. Insiders hold about 10.01% of the company’s shares, while institutions hold 91.72% stake in the company. Shares short for SIBN as of Jan 31, 2024 were 1.75M with a Short Ratio of 4.27, compared to 1.25M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.32% and a Short% of Float of 4.88%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of -$0.26 for the current quarter, with a high estimate of -$0.22 and a low estimate of -$0.31, while EPS last year was -$0.32. The consensus estimate for the next quarter is -$0.26, with high estimates of -$0.23 and low estimates of -$0.32.
Analysts are recommending an EPS of between -$0.93 and -$1.17 for the fiscal current year, implying an average EPS of -$1. EPS for the following year is -$0.71, with 7 analysts recommending between -$0.26 and -$1.02.
Revenue Estimates
5 analysts predict $37.41M in revenue for the current quarter. It ranges from a high estimate of $39.1M to a low estimate of $35.86M. As of the current estimate, SI-BONE Inc’s year-ago sales were $32.71M, an estimated increase of 14.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $39.56M, an increase of 26.80% over than the figure of $14.40% in the same quarter last year. There is a high estimate of $40.55M for the next quarter, whereas the lowest estimate is $38.98M.
A total of 8 analysts have provided revenue estimates for SIBN’s current fiscal year. The highest revenue estimate was $163.68M, while the lowest revenue estimate was $136.5M, resulting in an average revenue estimate of $159.06M. In the same quarter a year ago, actual revenue was $138.89M, up 14.50% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $191.54M in the next fiscal year. The high estimate is $196.01M and the low estimate is $185.6M. The average revenue growth estimate for next year is up 20.40% from the average revenue estimate for this year.
