SI-BONE Inc (SIBN) with a beta value of 1.22 appears to be a promising investment opportunity.

SI-BONE Inc (NASDAQ: SIBN) on Monday, plunged -4.81% from the previous trading day, before settling in for the closing price of $14.75. Within the past 52 weeks, SIBN’s price has moved between $11.76 and $24.85.

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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%. The company achieved an average annual earnings per share of 16.94%. With a float of $36.12 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) Breakdown of a Key Holders of the stock

Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of SI-BONE Inc is 12.34%, while institutional ownership is 91.34%. The most recent insider transaction that took place on Jul 03 ’24, was worth 12,007. In this transaction President, Commercial Ops of this company sold 920 shares at a rate of $13.05, taking the stock ownership to the 242,709 shares. Before that another transaction happened on Jul 02 ’24, when Company’s President, Commercial Ops sold 3,309 for $12.92, making the entire transaction worth $42,755. This insider now owns 243,629 shares in total.

SI-BONE Inc (SIBN) Recent Fiscal highlights

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.25 earnings per share (EPS) for the period topping the consensus outlook (set at -0.34) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.18 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 16.94% 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

SI-BONE Inc (SIBN) is currently performing well based on its current performance indicators. A quick ratio of 8.12 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 4.02.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit -0.23 in the next quarter and is forecasted to reach -0.77 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 0.47 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 20.80%. Additionally, its Average True Range was 0.84.

During the past 100 days, SI-BONE Inc’s (SIBN) raw stochastic average was set at 40.14%, which indicates a significant increase from 17.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.79% in the past 14 days, which was lower than the 45.56% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $14.07, while its 200-day Moving Average is $16.79. Nevertheless, the first resistance level for the watch stands at $14.30 in the near term. At $14.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.06. If the price goes on to break the first support level at $13.54, it is likely to go to the next support level at $13.05. Now, if the price goes above the second support level, the third support stands at $12.78.

SI-BONE Inc (NASDAQ: SIBN) Key Stats

Market capitalization of the company is 578.45 million based on 41,205K outstanding shares. Right now, sales total 138,890 K and income totals -43,340 K. The company made 37,870 K in profit during its latest quarter, and -10,900 K in sales during its previous quarter.