After finishing at $16.22 in the prior trading day, SI-BONE Inc (NASDAQ: SIBN) closed at $16.15, down -0.43%. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 593772 shares were traded.
Ratios:
Our goal is to gain a better understanding of SIBN by taking a closer 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 Mar 13 ’24 when RECUPERO ANTHONY J sold 3,330 shares for $16.82 per share. The transaction valued at 56,023 led to the insider holds 255,760 shares of the business.
Nishimura Mika sold 2,500 shares of SIBN for $40,550 on Mar 13 ’24. The Director now owns 19,350 shares after completing the transaction at $16.22 per share. On Feb 16 ’24, another insider, FRANCIS LAURA, who serves as the Chief Executive Officer of the company, sold 38,587 shares for $20.95 each. As a result, the insider received 808,591 and left with 501,476 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 662.37M and an Enterprise Value of 535.34M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.77 while its Price-to-Book (P/B) ratio in mrq is 3.88. Its current Enterprise Value per Revenue stands at 3.85 whereas that against EBITDA is -15.54.
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 19.40, while the 200-Day Moving Average is calculated to be 21.24.
Shares Statistics:
The stock has traded on average 461.68K shares per day over the past 3-months and 488.02k shares per day over the last 10 days, according to various share statistics. A total of 40.69M shares are outstanding, with a floating share count of 37.01M. Insiders hold about 9.88% of the company’s shares, while institutions hold 90.46% stake in the company. Shares short for SIBN as of Feb 29, 2024 were 2.32M with a Short Ratio of 5.02, compared to 1.75M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.64% and a Short% of Float of 6.35%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of -$0.31 for the current quarter, with a high estimate of -$0.26 and a low estimate of -$0.37, while EPS last year was -$0.32. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.19 and low estimates of -$0.32.
Analysts are recommending an EPS of between -$0.91 and -$1.14 for the fiscal current year, implying an average EPS of -$0.99. EPS for the following year is -$0.77, with 8 analysts recommending between -$0.48 and -$1.03.
Revenue Estimates
7 analysts predict $36.5M in revenue for the current quarter. It ranges from a high estimate of $37M to a low estimate of $36.22M. As of the current estimate, SI-BONE Inc’s year-ago sales were $32.71M, an estimated increase of 11.60% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $39.41M, an increase of 26.30% over than the figure of $11.60% in the same quarter last year. There is a high estimate of $40.79M for the next quarter, whereas the lowest estimate is $39M.
A total of 8 analysts have provided revenue estimates for SIBN’s current fiscal year. The highest revenue estimate was $164.38M, while the lowest revenue estimate was $163M, resulting in an average revenue estimate of $163.51M. In the same quarter a year ago, actual revenue was $138.89M, up 17.70% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $192.34M in the next fiscal year. The high estimate is $197.14M and the low estimate is $187.38M. The average revenue growth estimate for next year is up 17.60% from the average revenue estimate for this year.
