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The closing price of Resmed Inc. (NYSE: RMD) was $212.88 for the day, down -1.52% from the previous closing price of $216.16. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 0.98 million shares were traded. RMD stock price reached its highest trading level at $212.92 during the session, while it also had its lowest trading level at $210.39.
Ratios:
Our analysis of RMD’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 131.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.70. For the most recent quarter (mrq), Quick Ratio is recorded 1.97 and its Current Ratio is at 3.04. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.24.
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:
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 Apr 29 ’24 when Drexler Karen sold 425 shares for $214.92 per share. The transaction valued at 91,341 led to the insider holds 8,446 shares of the business.
Rider Michael J sold 81 shares of RMD for $14,580 on Mar 04 ’24. The Global General Counsel now owns 6,607 shares after completing the transaction at $180.00 per share. On Mar 01 ’24, another insider, Rider Michael J, who serves as the Global General Counsel of the company, sold 200 shares for $173.25 each. As a result, the insider received 34,650 and left with 6,688 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 31273564160 and an Enterprise Value of 32663459840. As of this moment, Resmed’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.76, and their Forward P/E ratio for the next fiscal year is 24.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.82 while its Price-to-Book (P/B) ratio in mrq is 6.75. Its current Enterprise Value per Revenue stands at 7.125 whereas that against EBITDA is 22.661.
Stock Price History:
Over the past 52 weeks, RMD has reached a high of $237.26, while it has fallen to a 52-week low of $132.24. The 50-Day Moving Average of the stock is 11.13%, while the 200-Day Moving Average is calculated to be 23.61%.
Shares Statistics:
RMD traded an average of 1.10M shares per day over the past three months and 1499010 shares per day over the past ten days. A total of 147.06M shares are outstanding, with a floating share count of 145.74M. Insiders hold about 0.80% of the company’s shares, while institutions hold 59.27% stake in the company. Shares short for RMD as of 1713139200 were 7945276 with a Short Ratio of 7.20, compared to 1710460800 on 7660964. Therefore, it implies a Short% of Shares Outstanding of 7945276 and a Short% of Float of 6.17.
Dividends & Splits
With its trailing 12-month dividend rate of 1.88, RMD has a forward annual dividend rate of 2.36. Against a Trailing Annual Dividend Yield of 0.008716618The stock’s 5-year Average Dividend Yield is 0.87.
