Silk Road Medical Inc (SILK)’s valuation ratios: A closer look

The closing price of Silk Road Medical Inc (NASDAQ: SILK) was $16.63 for the day, up 3.29% from the previous closing price of $16.10. In other words, the price has increased by $+0.53 from its previous closing price. On the day, 678391 shares were traded. SILK stock price reached its highest trading level at $16.76 during the session, while it also had its lowest trading level at $16.05.

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Our analysis of SILK’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.11 and its Current Ratio is at 10.03. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.54.

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, Stifel on January 19, 2024, Upgraded its rating to Buy and sets its target price to $20 from $9 previously.

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 Oct 27 when Jones Marie L. sold 656 shares for $6.61 per share. The transaction valued at 4,334 led to the insider holds 54,941 shares of the business.

Buchanan Lucas W. sold 2,662 shares of SILK for $40,524 on Oct 04. The COO/CFO now owns 435,848 shares after completing the transaction at $15.22 per share. On Aug 17, another insider, Klemz Kevin M, who serves as the EVP/Chief Legal Officer/Sec. of the company, sold 1,539 shares for $20.11 each. As a result, the insider received 30,942 and left with 38,797 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, SILK now has a Market Capitalization of 648.05M and an Enterprise Value of 532.26M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.81 while its Price-to-Book (P/B) ratio in mrq is 4.23. Its current Enterprise Value per Revenue stands at 3.13 whereas that against EBITDA is -11.91.

Stock Price History:

Over the past 52 weeks, SILK has reached a high of $54.69, while it has fallen to a 52-week low of $6.08. The 50-Day Moving Average of the stock is 12.23, while the 200-Day Moving Average is calculated to be 19.76.

Shares Statistics:

SILK traded an average of 933.99K shares per day over the past three months and 785.59k shares per day over the past ten days. A total of 38.36M shares are outstanding, with a floating share count of 36.34M. Insiders hold about 6.70% of the company’s shares, while institutions hold 106.14% stake in the company. Shares short for SILK as of Jan 11, 2024 were 3.43M with a Short Ratio of 3.43M, compared to 2.73M on Dec 14, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.81% and a Short% of Float of 8.98%.

Earnings Estimates

The firm’s stock currently is rated by Star Bulk Carriers Corp. analysts. The consensus estimate for the next quarter is $154.25, with high estimates of $5.53 and low estimates of $8.52.

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