The closing price of Penumbra Inc (NYSE: PEN) was $231.26 for the day, down -2.98% from the previous closing price of $238.37. In other words, the price has decreased by -$7.11 from its previous closing price. On the day, 570330 shares were traded. PEN stock price reached its highest trading level at $241.82 during the session, while it also had its lowest trading level at $229.27.
Ratios:
Our analysis of PEN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 108.98. For the most recent quarter (mrq), Quick Ratio is recorded 3.49 and its Current Ratio is at 6.06. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.19.
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, JP Morgan on February 23, 2024, Downgraded its rating to Neutral and sets its target price to $250 from $284 previously.
On September 06, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $265.
On July 19, 2023, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $375.Robert W. Baird initiated its Outperform rating on July 19, 2023, with a $375 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 03 when Grewal Harpreet sold 170 shares for $240.82 per share. The transaction valued at 40,939 led to the insider holds 8,980 shares of the business.
Sarna Surbhi sold 85 shares of PEN for $21,053 on Jan 02. The Director now owns 2,295 shares after completing the transaction at $247.68 per share. On Dec 01, another insider, Roberts Johanna, who serves as the EVP, Gen. Counsel & Secretary of the company, sold 600 shares for $226.42 each. As a result, the insider received 135,851 and left with 62,251 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, PEN now has a Market Capitalization of 10.49B and an Enterprise Value of 10.53B. As of this moment, Penumbra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 99.78, and their Forward P/E ratio for the next fiscal year is 60.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.45 while its Price-to-Book (P/B) ratio in mrq is 7.59. Its current Enterprise Value per Revenue stands at 8.40 whereas that against EBITDA is 81.88.
Stock Price History:
Over the past 52 weeks, PEN has reached a high of $348.67, while it has fallen to a 52-week low of $180.93. The 50-Day Moving Average of the stock is 254.04, while the 200-Day Moving Average is calculated to be 263.98.
Shares Statistics:
PEN traded an average of 314.01K shares per day over the past three months and 374.48k shares per day over the past ten days. A total of 38.68M shares are outstanding, with a floating share count of 37.20M. Insiders hold about 3.88% of the company’s shares, while institutions hold 89.34% stake in the company. Shares short for PEN as of Jan 31, 2024 were 2.17M with a Short Ratio of 6.92, compared to 2.13M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.63% and a Short% of Float of 8.01%.
Earnings Estimates
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of $0.4 for the current quarter, with a high estimate of $0.62 and a low estimate of $0.3, while EPS last year was $0.23. The consensus estimate for the next quarter is $0.62, with high estimates of $0.79 and low estimates of $0.45.
Analysts are recommending an EPS of between $3.05 and $2.54 for the fiscal current year, implying an average EPS of $2.83. EPS for the following year is $3.88, with 15 analysts recommending between $4.35 and $3.44.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $299M to a low estimate of $272.7M. As of the current estimate, Penumbra Inc’s year-ago sales were $229.73M, an estimated increase of 21.20% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $303.64M, an increase of 19.90% less than the figure of $21.20% in the same quarter last year. There is a high estimate of $315.42M for the next quarter, whereas the lowest estimate is $293.9M.
A total of 16 analysts have provided revenue estimates for PEN’s current fiscal year. The highest revenue estimate was $1.29B, while the lowest revenue estimate was $1.23B, resulting in an average revenue estimate of $1.25B. In the same quarter a year ago, actual revenue was $1.06B, up 18.30% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $1.46B in the next fiscal year. The high estimate is $1.54B and the low estimate is $1.41B. The average revenue growth estimate for next year is up 16.40% from the average revenue estimate for this year.
