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After finishing at $184.86 in the prior trading day, Resmed Inc. (NYSE: RMD) closed at $173.83, down -5.97%. In other words, the price has decreased by -$5.97 from its previous closing price. On the day, 3.0 million shares were traded. RMD stock price reached its highest trading level at $183.4 during the session, while it also had its lowest trading level at $172.19.
Ratios:
Our goal is to gain a better understanding of RMD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 121.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 3.11. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.
On October 27, 2023, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also lowered its target price recommendation from $180 to $169.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on October 12, 2023, whereas the target price for the stock was revised from $273 to $202.
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 Mar 04 ’24 when Rider Michael J sold 81 shares for $180.00 per share. The transaction valued at 14,580 led to the insider holds 6,607 shares of the business.
Rider Michael J sold 200 shares of RMD for $34,650 on Mar 01 ’24. The Global General Counsel now owns 6,688 shares after completing the transaction at $173.25 per share. On Feb 22 ’24, another insider, FARRELL PETER C, who serves as the Director of the company, sold 10,935 shares for $182.66 each. As a result, the insider received 1,997,434 and left with 157,404 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, RMD now has a Market Capitalization of 25568479232 and an Enterprise Value of 26741970944. As of this moment, Resmed’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.80, and their Forward P/E ratio for the next fiscal year is 21.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.68 while its Price-to-Book (P/B) ratio in mrq is 5.70. Its current Enterprise Value per Revenue stands at 5.937 whereas that against EBITDA is 19.546.
Stock Price History:
Over the past 52 weeks, RMD has reached a high of $243.52, while it has fallen to a 52-week low of $132.24. The 50-Day Moving Average of the stock is -6.90%, while the 200-Day Moving Average is calculated to be 0.13%.
Shares Statistics:
The stock has traded on average 993.00K shares per day over the past 3-months and 967640 shares per day over the last 10 days, according to various share statistics. A total of 147.06M shares are outstanding, with a floating share count of 145.92M. Insiders hold about 0.80% of the company’s shares, while institutions hold 56.90% stake in the company. Shares short for RMD as of 1711584000 were 7892653 with a Short Ratio of 7.95, compared to 1709164800 on 6762700. Therefore, it implies a Short% of Shares Outstanding of 7892653 and a Short% of Float of 6.12.
Dividends & Splits
In the trailing 12 months, RMD’s forward annual dividend rate was 1.84, compared to 1.88 this year. The stock’s 5-year Average Dividend Yield is 0.87.
Earnings Estimates
Resmed Inc. (RMD) is presently subject to a detailed evaluation by Advanced Micro Devices, Inc. analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $5.44, with high estimates of $173.83 and low estimates of $33.06.
Analysts are recommending an EPS of between $Healthcare and $Energy for the fiscal current year, implying an average EPS of $Healthcare.
