Market Watch Highlights: Masimo Corp (MASI) Ends on an Downturn Note at 132.42

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As of close of business last night, Masimo Corp’s stock clocked out at $132.42, down -2.30% from its previous closing price of $135.54. In other words, the price has decreased by -$2.30 from its previous closing price. On the day, 0.72 million shares were traded. MASI stock price reached its highest trading level at $135.755 during the session, while it also had its lowest trading level at $131.605.

Ratios:

To gain a deeper understanding of MASI’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 53.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.90. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 2.09. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.59.

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, Piper Sandler on June 03, 2024, Upgraded its rating to Overweight and sets its target price to $160 from $126 previously.

On April 15, 2024, Stifel Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $148 to $170.

Wells Fargo Upgraded its Equal Weight to Overweight on March 25, 2024, whereas the target price for the stock was revised from $117 to $160.

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 Apr 26 ’24 when REYNOLDS CRAIG B sold 40,000 shares for $136.17 per share. The transaction valued at 5,446,616 led to the insider holds 7,406 shares of the business.

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 7245254144 and an Enterprise Value of 7778113024. As of this moment, Masimo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 89.89, and their Forward P/E ratio for the next fiscal year is 30.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.51 while its Price-to-Book (P/B) ratio in mrq is 5.15. Its current Enterprise Value per Revenue stands at 3.856 whereas that against EBITDA is 36.672.

Stock Price History:

Over the past 52 weeks, MASI has reached a high of $153.93, while it has fallen to a 52-week low of $75.22. The 50-Day Moving Average of the stock is 11.68%, while the 200-Day Moving Average is calculated to be 5.80%.

Shares Statistics:

It appears that MASI traded 705.06K shares on average per day over the past three months and 1056510 shares per day over the past ten days. A total of 52.80M shares are outstanding, with a floating share count of 49.18M. Insiders hold about 8.04% of the company’s shares, while institutions hold 93.25% stake in the company. Shares short for MASI as of 1726185600 were 2924483 with a Short Ratio of 4.15, compared to 1723680000 on 6754874. Therefore, it implies a Short% of Shares Outstanding of 2924483 and a Short% of Float of 9.98.

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