$348.48K in average volume shows that SI-BONE Inc (SIBN) is heading in the right direction

On Friday, SI-BONE Inc (NASDAQ: SIBN) opened higher 4.02% from the last session, before settling in for the closing price of $12.43. Price fluctuations for SIBN have ranged from $11.76 to $28.64 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 20.39%. Company’s average yearly earnings per share was noted 15.76% at the time writing. With a float of $36.11 million, this company’s outstanding shares have now reached $40.69 million.

Considering the fact that the conglomerate employs 344 people, you should pay attention to its efficiency factor.

SI-BONE Inc (SIBN) Insider Activity

A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of SI-BONE Inc is 12.13%, while institutional ownership is 91.70%. The most recent insider transaction that took place on Jun 10 ’24, was worth 4,430. In this transaction Director of this company sold 341 shares at a rate of $12.99, taking the stock ownership to the 18,814 shares. Before that another transaction happened on May 17 ’24, when Company’s President, Commercial Ops sold 2,068 for $14.84, making the entire transaction worth $30,692. This insider now owns 246,938 shares in total.

SI-BONE Inc (SIBN) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 15.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.90% during the next five years compared to 12.47% growth over the previous five years of trading.

SI-BONE Inc (NASDAQ: SIBN) Trading Performance Indicators

Check out the current performance indicators for SI-BONE Inc (SIBN). In the past quarter, the stock posted a quick ratio of 8.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.70.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.08, a number that is poised to hit -0.27 in the next quarter and is forecasted to reach -0.78 in one year’s time.

Technical Analysis of SI-BONE Inc (SIBN)

Compared to the last year’s volume of 0.41 million, its volume of 0.49 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 64.64%. Additionally, its Average True Range was 0.52.

During the past 100 days, SI-BONE Inc’s (SIBN) raw stochastic average was set at 11.84%, which indicates a significant decrease from 59.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.24% in the past 14 days, which was lower than the 45.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $13.95, while its 200-day Moving Average is $17.48. Nevertheless, the first resistance level for the watch stands at $13.13 in the near term. At $13.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.66. If the price goes on to break the first support level at $12.60, it is likely to go to the next support level at $12.27. Should the price break the second support level, the third support level stands at $12.07.

SI-BONE Inc (NASDAQ: SIBN) Key Stats

There are currently 41,205K shares outstanding in the company with a market cap of 532.72 million. Presently, the company’s annual sales total 138,890 K according to its annual income of -43,340 K. Last quarter, the company’s sales amounted to 37,870 K and its income totaled -10,900 K.