Penumbra Inc (PEN) stock poised to deliver a potential return of 13.12%

As of right now, Penumbra Inc [PEN] is trading at $226.31, up 1.18%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PEN shares have gain 24.73% over the last week, with a monthly amount glided 9.35%, and seem to be holding up well over a long-time horizon.

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On 14, November 2023, Penumbra, Inc. to Present at the Piper Sandler 35th Annual Healthcare Conference. In a post published today on Yahoo Finance, Penumbra, Inc. (NYSE: PEN) today announced that its management team is scheduled to present at the Piper Sandler 35th Annual Healthcare Conference on Tuesday, November 28, 2023.

From an analyst’s perspective:

Penumbra Inc [NYSE: PEN] stock has seen the most recent analyst activity on September 06, 2023, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $265.

Through the last year, Penumbra Inc’s stock price ranged from $180.93 to $348.67. Currently, Wall Street analysts expect the stock to reach $256.00 within the next 12 months. Penumbra Inc [NYSE: PEN] shares were valued at $226.31 at the most recent close of the market. An investor can expect a potential return of 13.12% based on the average PEN price forecast.

Analyzing the PEN fundamentals

For Penumbra Inc, (PEN), the latest quarter sales were 270.95 billion, which represents an 26.80% increase. During this period, the public company’s revenue per employee was $217,214, while its income per employee was -$513. Gross Margin for this corporation currently stands at +62.13% with Operating Margin at +0.72%, Pretax Margin comes in at +0.46%, and Net Margin reading is -0.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.21, Total Capital is 0.51, and Invested Capital is -0.17. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 19.10 and enduring liabilities to the whole assets at 17.20.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 223.64 points at the first support level, and at 220.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 229.97, and for the 2nd resistance point, it is at 233.63.

Penumbra Inc [PEN] reported earnings per share of $0.67 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.22 and a surprise factor of 48.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.43 per share as compared to estimates of $0.28 per share, a difference of $0.15 representing a surprise of 53.60%.

Ratios To Look Out For

It is important to note that Penumbra Inc [NYSE:PEN] has a current ratio of 5.99. In addition, the Quick Ratio stands at 2.91 and the Cash Ratio stands at 1.30. Considering the valuation of this stock, the price to sales ratio is 9.94, the price to book ratio is 8.49 and the P/E (TTM) ratio is 218.15.

Transactions by insiders

In the past 3 months, 1 insiders have purchased 9,666 shares, and 25 have sold 12,090 shares. Recent insider trading involved Roberts Johanna, EVP, Gen. Counsel & Secretary, that happened on Nov 14 when 600.0 shares were sold. CEO and President, Elsesser Adam completed a deal on Oct 11 to sell 9670.0 shares. Meanwhile, EVP, Gen. Counsel & Secretary Roberts Johanna sold 600.0 shares on Oct 02.