Staar Surgical Co. (NASDAQ: STAA) on Friday, soared 0.39% from the previous trading day, before settling in for the closing price of $30.94. Within the past 52 weeks, STAA’s price has moved between $26.66 and $52.68.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 21.55%. The company achieved an average annual earnings per share of -28.11%. With a float of $48.86 million, this company’s outstanding shares have now reached $49.19 million.
Let’s determine the extent of company efficiency that accounts for 1115 employees. In terms of profitability, gross margin is 79.24%, operating margin of 7.9%, and the pretax margin is 8.59%.
Staar Surgical Co. (STAA) Insider Activity
Observing investor behavior towards Medical Instruments & Supplies industry stocks is more important than anything else. The insider ownership of Staar Surgical Co. is 0.76%, while institutional ownership is 92.04%. The most recent insider transaction that took place on Aug 12 ’24, was worth 49,957. In this transaction Director of this company bought 1,315 shares at a rate of $37.99, taking the stock ownership to the 4,208 shares. Before that another transaction happened on May 09 ’24, when Company’s 10% Owner bought 1 for $42.56, making the entire transaction worth $43. This insider now owns 10,768,431 shares in total.
Staar Surgical Co. (STAA) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.3 earnings per share (EPS) for the period topping the consensus outlook (set at 0.18) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -28.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.00% during the next five years compared to 31.51% growth over the previous five years of trading.
Staar Surgical Co. (NASDAQ: STAA) Trading Performance Indicators
Staar Surgical Co. (STAA) is currently performing well based on its current performance indicators. A quick ratio of 5.21 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 4.59. Likewise, its price to free cash flow for the trailing twelve months is 112.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.34, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.77 in one year’s time.
Technical Analysis of Staar Surgical Co. (STAA)
Looking closely at Staar Surgical Co. (NASDAQ: STAA), its last 5-days average volume was 0.68 million, which is a drop from its year-to-date volume of 0.72 million. As of the previous 9 days, the stock’s Stochastic %D was 18.75%. Additionally, its Average True Range was 1.61.
During the past 100 days, Staar Surgical Co.’s (STAA) raw stochastic average was set at 8.96%, which indicates a significant decrease from 9.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.28% in the past 14 days, which was lower than the 57.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.21, while its 200-day Moving Average is $37.66. However, in the short run, Staar Surgical Co.’s stock first resistance to watch stands at $31.44. Second resistance stands at $31.82. The third major resistance level sits at $32.24. If the price goes on to break the first support level at $30.64, it is likely to go to the next support level at $30.22. Should the price break the second support level, the third support level stands at $29.84.
Staar Surgical Co. (NASDAQ: STAA) Key Stats
Market capitalization of the company is 1.53 billion based on 49,131K outstanding shares. Right now, sales total 322,420 K and income totals 21,350 K. The company made 99,010 K in profit during its latest quarter, and 7,380 K in sales during its previous quarter.
