A share price of Masimo Corp [MASI] is currently trading at $139.43, up 3.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MASI shares have gain 4.49% over the last week, with a monthly amount glided 5.46%, and seem to be holding up well over a long-time horizon.
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On 25, March 2024, Politan Nominates Two Independent Candidates for Masimo Board. In a post published today on Yahoo Finance, Supports Strategic Review of Consumer Business, But Has Serious Concerns Given Masimo’s Broken Governance and Lack of Independent Oversight.
From an analyst’s perspective:
Masimo Corp [NASDAQ: MASI] stock has seen the most recent analyst activity on March 25, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $160 from $117. Previously, Jefferies downgraded its rating to Hold on January 30, 2024, and elevated its price target to $121. On January 03, 2024, downgrade downgraded it’s rating to Hold. Raymond James downgraded its rating to a Mkt Perform. Stifel downgraded its rating to a Hold and reduced its price target to $120 on July 18, 2023. Wells Fargo started tracking with a Equal Weight rating for this stock on July 10, 2023, and assigned it a price target of $173. In a note dated February 22, 2023, Raymond James upgraded an Outperform rating on this stock but restated the target price of $187.
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 $159.6 within the next 12 months. Masimo Corp [NASDAQ: MASI] shares were valued at $139.43 at the most recent close of the market. An investor can expect a potential return of 14.47% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
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 133.72 points at the first support level, and at 128.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 149.54, and for the 2nd resistance point, it is at 159.64.
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 $0.88/share, meaning a difference of $0.18 and a surprise factor of 20.50%. 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. Also, the Quick Ratio is 1.22, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 3.60, the price to book ratio is 5.39 and price to earnings (TTM) ratio is 92.34.
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.
