Silk Road Medical Inc (NASDAQ: SILK) kicked off on Tuesday, up 0.26% from the previous trading day, before settling in for the closing price of $26.95. Over the past 52 weeks, SILK has traded in a range of $6.08-$33.12.
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Annual sales at Healthcare sector company grew by 40.27% over the past five years. While this was happening, its average annual earnings per share was recorded 4.10%. With a float of $36.05 million, this company’s outstanding shares have now reached $39.17 million.
Let’s look at the performance matrix of the company that is accounted for 474 employees.
Silk Road Medical Inc (SILK) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Silk Road Medical Inc is 9.25%, while institutional ownership is 102.77%. The most recent insider transaction that took place on Mar 05 ’24, was worth 198,783. In this transaction Director of this company bought 11,700 shares at a rate of $16.99, taking the stock ownership to the 17,807 shares. Before that another transaction happened on Mar 05 ’24, when Company’s COO/CFO sold 9,877 for $17.17, making the entire transaction worth $169,578. This insider now owns 500,925 shares in total.
Silk Road Medical Inc (SILK) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 4.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.60% during the next five years compared to -3.21% drop over the previous five years of trading.
Silk Road Medical Inc (NASDAQ: SILK) Trading Performance Indicators
Take a look at Silk Road Medical Inc’s (SILK) current performance indicators. Last quarter, stock had a quick ratio of 9.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.37, a number that is poised to hit -0.37 in the next quarter and is forecasted to reach -1.31 in one year’s time.
Technical Analysis of Silk Road Medical Inc (SILK)
Silk Road Medical Inc (NASDAQ: SILK) saw its 5-day average volume 3.05 million, a positive change from its year-to-date volume of 1.16 million. As of the previous 9 days, the stock’s Stochastic %D was 76.69%. Additionally, its Average True Range was 0.79.
During the past 100 days, Silk Road Medical Inc’s (SILK) raw stochastic average was set at 99.33%, which indicates a significant increase from 98.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 89.98% in the past 14 days, which was higher than the 60.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.95, while its 200-day Moving Average is $15.49. Nevertheless, the first resistance level for the watch stands at $27.07 in the near term. At $27.12, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.20. If the price goes on to break the first support level at $26.95, it is likely to go to the next support level at $26.87. Assuming the price breaks the second support level, the third support level stands at $26.82.
Silk Road Medical Inc (NASDAQ: SILK) Key Stats
The company with the Market Capitalisation of 1.07 billion has total of 39,444K Shares Outstanding. Its annual sales at the moment are 177,130 K in contrast with the sum of -55,740 K annual income. Company’s last quarter sales were recorded 48,480 K and last quarter income was -14,140 K.
