A share price of Masimo Corp [MASI] is currently trading at $134.17, up 3.47%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MASI shares have gain 4.38% over the last week, with a monthly amount drifted -0.45%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, Masimo Celebrates Multiple Wins at the iF DESIGN AWARDS 2024. In a post published today on Yahoo Finance, Masimo Stork™ and Bowers & Wilkins Garner Six Prestigious Accolades Across Multiple Categories.
From an analyst’s perspective:
Masimo Corp [NASDAQ: MASI] stock has seen the most recent analyst activity on January 30, 2024, when Jefferies downgraded its rating to a Hold and also boosted its price target to $121 from $107. Previously, Needham downgraded its rating to Hold on January 03, 2024. On November 08, 2023, downgrade downgraded it’s rating to Mkt Perform. Stifel downgraded its rating to a Hold and decreased its price target to $120 on July 18, 2023. Wells Fargo initiated its recommendation with a Equal Weight and recommended $173 as its price target on July 10, 2023. Raymond James upgraded its rating to Outperform for this stock on February 22, 2023, but kept the price target unchanged to $187. In a note dated December 15, 2022, BTIG Research upgraded an Buy rating on this stock but restated the target price of $180.
Masimo Corp experienced fluctuations in its stock price throughout the past year between $75.22 and $198.00. Currently, Wall Street analysts expect the stock to reach $159.5 within the next 12 months. Masimo Corp [NASDAQ: MASI] shares were valued at $134.17 at the most recent close of the market. An investor can expect a potential return of 18.88% based on the average MASI price forecast.
Analyzing the MASI fundamentals
Trailing Twelve Months sales for Masimo Corp [NASDAQ:MASI] were 2.05B which represents -11.04% decline. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
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 131.68 points at the first support level, and at 129.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.43, and for the 2nd resistance point, it is at 136.69.
Masimo Corp [MASI] reported earnings per share of $1.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.87/share, meaning a difference of $0.19 and a surprise factor of 21.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.63 per share as compared to estimates of $0.59 per share, a difference of $0.04 representing a surprise of 6.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Masimo Corp [NASDAQ:MASI] is 2.18. In addition, the Quick Ratio stands at 1.22 and the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 3.47, the price to book ratio is 5.19 and price to earnings (TTM) ratio is 88.86.
Transactions by insiders
Recent insider trading involved KIANI JOE E, CEO and Chairman of the Board, that happened on May 25 ’23 when 6365.0 shares were purchased.
