Insulet Corporation (PODD)’s Market Momentum: Closing Strong at 226.50, Up 3.36

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As of close of business last night, Insulet Corporation’s stock clocked out at $226.50, up 3.36% from its previous closing price of $219.13. In other words, the price has increased by $3.36 from its previous closing price. On the day, 0.91 million shares were traded. PODD stock price reached its highest trading level at $227.255 during the session, while it also had its lowest trading level at $217.82.

Ratios:

To gain a deeper understanding of PODD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 83.15. For the most recent quarter (mrq), Quick Ratio is recorded 2.68 and its Current Ratio is at 3.56. In the meantime, Its Debt-to-Equity ratio is 1.40 whereas as Long-Term Debt/Eq ratio is at 1.36.

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, Redburn Atlantic on May 30, 2024, initiated with a Buy rating and assigned the stock a target price of $235.

On May 07, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $200.

Robert W. Baird Upgraded its Neutral to Outperform on December 21, 2023, whereas the target price for the stock was revised from $180 to $238.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 09 ’24 when Field Mark N sold 1,383 shares for $220.87 per share. The transaction valued at 305,463 led to the insider holds 9,761 shares of the business.

Budden Lauren sold 1,506 shares of PODD for $333,443 on Sep 09 ’24. The Group VP, CAO and Controller now owns 6,609 shares after completing the transaction at $221.41 per share. On Sep 10 ’24, another insider, Scannell Timothy J, who serves as the Director of the company, bought 5,000 shares for $225.84 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PODD now has a Market Capitalization of 15881161728 and an Enterprise Value of 16493256704. As of this moment, Insulet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.13, and their Forward P/E ratio for the next fiscal year is 58.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.48 while its Price-to-Book (P/B) ratio in mrq is 15.91. Its current Enterprise Value per Revenue stands at 8.807 whereas that against EBITDA is 45.311.

Stock Price History:

Over the past 52 weeks, PODD has reached a high of $223.56, while it has fallen to a 52-week low of $125.82. The 50-Day Moving Average of the stock is 15.22%, while the 200-Day Moving Average is calculated to be 19.92%.

Shares Statistics:

It appears that PODD traded 738.33K shares on average per day over the past three months and 903480 shares per day over the past ten days. A total of 69.91M shares are outstanding, with a floating share count of 69.64M. Insiders hold about 0.68% of the company’s shares, while institutions hold 100.85% stake in the company. Shares short for PODD as of 1723680000 were 2831510 with a Short Ratio of 3.83, compared to 1721001600 on 2965615. Therefore, it implies a Short% of Shares Outstanding of 2831510 and a Short% of Float of 5.4.

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