Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Penumbra Inc’s stock clocked out at $203.09, down -3.29% from its previous closing price of $210.00. In other words, the price has decreased by -$3.29 from its previous closing price. On the day, 0.91 million shares were traded. PEN stock price reached its highest trading level at $220.4075 during the session, while it also had its lowest trading level at $199.54.
Ratios:
To gain a deeper understanding of PEN’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 25.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 74.71. For the most recent quarter (mrq), Quick Ratio is recorded 3.51 and its Current Ratio is at 6.12. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.18.
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:
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 01 ’24 when Roberts Johanna sold 600 shares for $217.07 per share. The transaction valued at 130,242 led to the insider holds 64,281 shares of the business.
Kassing Don W. sold 170 shares of PEN for $37,941 on Apr 01 ’24. The Director now owns 1,175 shares after completing the transaction at $223.18 per share. On Mar 04 ’24, another insider, Bose Arani, who serves as the Director of the company, sold 7,500 shares for $250.20 each. As a result, the insider received 1,876,500 and left with 164,294 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 7871321600 and an Enterprise Value of 8048601088. As of this moment, Penumbra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 85.39, and their Forward P/E ratio for the next fiscal year is 53.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.18 while its Price-to-Book (P/B) ratio in mrq is 6.54. Its current Enterprise Value per Revenue stands at 7.345 whereas that against EBITDA is 66.804.
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 -8.45%, while the 200-Day Moving Average is calculated to be -14.86%.
Shares Statistics:
It appears that PEN traded 367.52K shares on average per day over the past three months and 366990 shares per day over the past ten days. A total of 38.68M shares are outstanding, with a floating share count of 37.25M. Insiders hold about 3.90% of the company’s shares, while institutions hold 89.03% stake in the company. Shares short for PEN as of 1713139200 were 1944680 with a Short Ratio of 5.29, compared to 1710460800 on 1970079. Therefore, it implies a Short% of Shares Outstanding of 1944680 and a Short% of Float of 7.08.
