Penumbra Inc (NYSE: PEN) on November 20, 2023, started off the session at the price of $226.01, soaring 4.04% from the previous trading day. During the day, the shares moved up to $236.20 and dropped to $226.01 before settling in for the closing price of $226.31. Within the past 52 weeks, PEN’s price has moved between $180.93 and $348.67.
Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 21.09%. The company achieved an average annual earnings per share of 1170.22%. With a float of $37.09 million, this company’s outstanding shares have now reached $38.11 million.
Considering the fact that the conglomerate employs 3900 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +62.13, operating margin of +0.72, and the pretax margin is +0.46.
Penumbra Inc (PEN) Insider Activity
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Penumbra Inc is 3.91%, while institutional ownership is 86.53%. The most recent insider transaction that took place on Nov 14, was worth 128,482. In this transaction EVP, Gen. Counsel & Secretary of this company sold 600 shares at a rate of $214.14, taking the stock ownership to the 63,037 shares. Before that another transaction happened on Oct 11, when Company’s CEO and President sold 9,670 for $215.76, making the entire transaction worth $2,086,417. This insider now owns 0 shares in total.
Penumbra Inc (PEN) Earnings and Forecasts
This company achieved a net margin of -0.24 while generating a return on equity of -0.21. Wall Street market experts anticipate that the next fiscal year will bring earnings of 166.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1170.22% per share during the next fiscal year.
Penumbra Inc (NYSE: PEN) Trading Performance Indicators
Penumbra Inc (PEN) is currently performing well based on its current performance indicators. A quick ratio of 3.41 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.13. Likewise, its price to free cash flow for the trailing twelve months is 192.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.04, a number that is poised to hit 0.70 in the next quarter and is forecasted to reach 2.86 in one year’s time.
Technical Analysis of Penumbra Inc (PEN)
Compared to the last year’s volume of 0.38 million, its volume of 0.57 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 92.86%. Additionally, its Average True Range was 10.34.
During the past 100 days, Penumbra Inc’s (PEN) raw stochastic average was set at 32.50%, which indicates a significant decrease from 98.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.95% in the past 14 days, which was higher than the 46.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $222.23, while its 200-day Moving Average is $271.65. Nevertheless, the first resistance level for the watch stands at $239.10 in the near term. At $242.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $249.29. If the price goes on to break the first support level at $228.91, it is likely to go to the next support level at $222.36. Should the price break the second support level, the third support level stands at $218.72.
Penumbra Inc (NYSE: PEN) Key Stats
Market capitalization of the company is 9.09 billion based on 38,596K outstanding shares. Right now, sales total 847,130 K and income totals -2,000 K. The company made 270,950 K in profit during its latest quarter, and 9,210 K in sales during its previous quarter.