A share price of Establishment Labs Holdings Inc [ESTA] is currently trading at $50.45, up 3.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ESTA shares have gain 5.63% over the last week, with a monthly amount glided 14.37%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Establishment Labs Reports Fourth Quarter and Full Year 2023 Financial Results and Provides 2024 Guidance. In a post published today on Yahoo Finance, Establishment Labs Holdings Inc. (NASDAQ: ESTA), a global medical technology company dedicated to improving women’s health and wellness, principally in breast aesthetics and reconstruction, today announced financial results for the fourth quarter and full year ended December 31, 2023 and provided 2024 guidance.
From an analyst’s perspective:
Establishment Labs Holdings Inc [NASDAQ: ESTA] stock has seen the most recent analyst activity on August 31, 2023, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $75. Previously, Citigroup started tracking the stock with Buy rating on June 29, 2023, and set its price target to $79. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $70 on October 13, 2022. B. Riley Securities initiated its recommendation with a Buy and recommended $107 as its price target on August 24, 2022. UBS started tracking with a Buy rating for this stock on August 27, 2020, and assigned it a price target of $23. In a note dated May 14, 2020, Goldman initiated an Neutral rating and provided a target price of $20 on this stock.
Establishment Labs Holdings Inc experienced fluctuations in its stock price throughout the past year between $16.96 and $79.88. Currently, Wall Street analysts expect the stock to reach $87.33 within the next 12 months. Establishment Labs Holdings Inc [NASDAQ: ESTA] shares were valued at $50.45 at the most recent close of the market. An investor can expect a potential return of 73.1% based on the average ESTA price forecast.
Analyzing the ESTA fundamentals
Trailing Twelve Months sales for Establishment Labs Holdings Inc [NASDAQ:ESTA] were 165.15M which represents -27.97% decline. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at -0.39%, Pretax Profit Margin comes in at -0.48%, and Net Profit Margin reading is -0.48%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -3.58 and Total Capital is -0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 10.3.
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 46.51 points at the first support level, and at 42.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.66, and for the 2nd resistance point, it is at 56.87.
Establishment Labs Holdings Inc [ESTA] reported earnings per share of -$0.79 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 -$0.91/share, meaning a difference of $0.12 and a surprise factor of 13.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.12 per share as compared to estimates of -$0.8 per share, a difference of -$0.32 representing a surprise of -40.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Establishment Labs Holdings Inc [NASDAQ:ESTA] is 3.06. As well, the Quick Ratio is 1.66, while the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 7.88, the price to book ratio is 71.55.
Transactions by insiders
Recent insider trading involved LEWIN NICHOLAS SHERIDAN, Director, that happened on Dec 14 ’23 when 2000.0 shares were purchased. Director, LEWIN NICHOLAS SHERIDAN completed a deal on Nov 20 ’23 to buy 5000.0 shares. Meanwhile, Chief Financial Officer Denhoy Raj bought 2250.0 shares on Nov 17 ’23.
