A new trading day began on Tuesday, with Insulet Corporation (NASDAQ: PODD) stock price up 3.36% from the previous day of trading, before settling in for the closing price of $219.13. PODD’s price has ranged from $125.82 to $223.56 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 24.75% over the past five years. Meanwhile, its annual earnings per share averaged 2.24%. With a float of $69.64 million, this company’s outstanding shares have now reached $69.91 million.
Let’s look at the performance matrix of the company that is accounted for 3000 employees. In terms of profitability, gross margin is 69.34%, operating margin of 15.49%, and the pretax margin is 14.28%.
Insulet Corporation (PODD) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Insulet Corporation is 0.68%, while institutional ownership is 100.85%. The most recent insider transaction that took place on Sep 09 ’24, was worth 305,463. In this transaction SVP & Chief Technology Officer of this company sold 1,383 shares at a rate of $220.87, taking the stock ownership to the 9,761 shares. Before that another transaction happened on Sep 09 ’24, when Company’s Group VP, CAO and Controller sold 1,506 for $221.41, making the entire transaction worth $333,443. This insider now owns 6,609 shares in total.
Insulet Corporation (PODD) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.71 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.99 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.24% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.90% during the next five years compared to 122.47% growth over the previous five years of trading.
Insulet Corporation (NASDAQ: PODD) Trading Performance Indicators
Here are Insulet Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.48. Likewise, its price to free cash flow for the trailing twelve months is 83.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.51, a number that is poised to hit 0.79 in the next quarter and is forecasted to reach 3.85 in one year’s time.
Technical Analysis of Insulet Corporation (PODD)
Insulet Corporation (NASDAQ: PODD) saw its 5-day average volume 0.9 million, a positive change from its year-to-date volume of 0.84 million. As of the previous 9 days, the stock’s Stochastic %D was 91.28%. Additionally, its Average True Range was 8.58.
During the past 100 days, Insulet Corporation’s (PODD) raw stochastic average was set at 98.87%, which indicates a significant increase from 98.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.39% in the past 14 days, which was lower than the 42.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $197.07, while its 200-day Moving Average is $189.10. Nevertheless, the first resistance level for the watch stands at $229.90 in the near term. At $233.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $239.33. If the price goes on to break the first support level at $220.46, it is likely to go to the next support level at $214.42. Assuming the price breaks the second support level, the third support level stands at $211.03.
Insulet Corporation (NASDAQ: PODD) Key Stats
With a market capitalization of 15.88 billion, the company has a total of 70,040K Shares Outstanding. Currently, annual sales are 1,697 M while annual income is 206,300 K. The company’s previous quarter sales were 488,500 K while its latest quarter income was 188,600 K.
