A share price of Insulet Corporation [PODD] is currently trading at $181.14, up 0.86%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PODD shares have gain 7.94% over the last week, with a monthly amount drifted -7.88%, and not seem to be holding up well over a long-time horizon.
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On 8, March 2024, Insulet’s Randomized Controlled Trial (OP5-003) Demonstrates Omnipod® 5 Automated Insulin Delivery System is Superior to Pump Therapy. In a post published today on Yahoo Finance, Insulet Corporation (NASDAQ: PODD) (Insulet or the Company), the global leader in tubeless insulin pump technology with its Omnipod® brand of products, today presented positive results from its first randomized controlled trial (RCT) showing improved glycemic and patient-reported outcomes in type 1 diabetes with the Omnipod 5 Automated Insulin Delivery System (Omnipod 5). The OP5-003 Trial results were presented at the 17th International Conference on Advanced Technologies & Treatments for Diabetes (ATTD) in Florence, Italy.
From an analyst’s perspective:
Insulet Corporation [NASDAQ: PODD] stock has seen the most recent analyst activity on December 21, 2023, when Robert W. Baird upgraded its rating to a Outperform and also boosted its price target to $238 from $180. Previously, Morgan Stanley upgraded its rating to Overweight on December 04, 2023, and elevated its price target to $234. On October 02, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $240 on the stock. Citigroup upgraded its rating to a Buy and decreased its price target to $265 on August 21, 2023. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $219 on August 21, 2023. In a note dated January 26, 2023, Wolfe Research initiated an Peer Perform rating.
Insulet Corporation experienced fluctuations in its stock price throughout the past year between $125.82 and $335.91. Currently, Wall Street analysts expect the stock to reach $309.58 within the next 12 months. Insulet Corporation [NASDAQ: PODD] shares were valued at $181.14 at the most recent close of the market. An investor can expect a potential return of 70.91% based on the average PODD price forecast.
Analyzing the PODD fundamentals
Trailing Twelve Months sales for Insulet Corporation [NASDAQ:PODD] were 1.70B which represents 37.90% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.34 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.94.
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 178.34 points at the first support level, and at 175.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 183.22, and for the 2nd resistance point, it is at 185.31.
Insulet Corporation [PODD] reported earnings per share of $1.4 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 $0.66/share, meaning a difference of $0.74 and a surprise factor of 112.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.71 per share as compared to estimates of $0.4 per share, a difference of $0.31 representing a surprise of 77.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Insulet Corporation [NASDAQ:PODD] is 3.47. Also, the Quick Ratio is 2.58, while the Cash Ratio stands at 1.44. Considering the valuation of this stock, the price to sales ratio is 7.46, the price to book ratio is 17.28 and price to earnings (TTM) ratio is 62.20.
Transactions by insiders
Recent insider trading involved Petrovic Shacey, Director, that happened on Feb 28 ’24 when 11609.0 shares were sold. Director, BORIO LUCIANA completed a deal on Dec 15 ’23 to sell 72.0 shares. Meanwhile, Director Petrovic Shacey sold 20000.0 shares on Nov 13 ’23.
