At the time of writing, Staar Surgical Co. [STAA] stock is trading at $37.72, down -0.82%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The STAA shares have gain 5.19% over the last week, with a monthly amount glided 26.20%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Staar Surgical Co. [NASDAQ: STAA] stock has seen the most recent analyst activity on March 11, 2024, when Stifel upgraded its rating to a Buy and also boosted its price target to $50 from $30. Previously, Needham downgraded its rating to Hold on December 05, 2023. On December 04, 2023, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $35 on the stock. The Benchmark Company downgraded its rating to a Hold. Canaccord Genuity downgraded its rating to a Hold and reduced its price target to $48 on August 03, 2023. William Blair downgraded its rating to Mkt Perform for this stock on June 07, 2023. In a note dated April 17, 2023, Piper Sandler initiated an Neutral rating and provided a target price of $65 on this stock.
For the past year, the stock price of Staar Surgical Co. fluctuated between $26.66 and $73.13. Currently, Wall Street analysts expect the stock to reach $68.5 within the next 12 months. Staar Surgical Co. [NASDAQ: STAA] shares were valued at $37.72 at the most recent close of the market. An investor can expect a potential return of 81.6% based on the average STAA price forecast.
Analyzing the STAA fundamentals
According to Staar Surgical Co. [NASDAQ:STAA], the company’s sales were 322.42M for trailing twelve months, which represents an 19.09% jump. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.06 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
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 37.09 points at the first support level, and at 36.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.75, and for the 2nd resistance point, it is at 39.78.
Ratios To Look Out For
It is important to note that Staar Surgical Co. [NASDAQ:STAA] has a current ratio of 5.62. Also, the Quick Ratio is 5.08, while the Cash Ratio stands at 2.81. Considering the valuation of this stock, the price to sales ratio is 5.72, the price to book ratio is 4.77 and price to earnings (TTM) ratio is 87.25.
Transactions by insiders
Recent insider trading involved WEISNER AIMEE S, Director, that happened on Mar 14 ’24 when 1750.0 shares were purchased. 10% Owner, BROADWOOD PARTNERS, L.P. completed a deal on Jan 08 ’24 to buy 4042.0 shares. Meanwhile, 10% Owner BROADWOOD PARTNERS, L.P. bought 0.16 million shares on Jan 05 ’24.
