At the time of writing, Silk Road Medical Inc [SILK] stock is trading at $22.04, down -3.08%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SILK shares have gain 4.50% over the last week, with a monthly amount glided 26.59%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Silk Road Medical Inc [NASDAQ: SILK] stock has seen the most recent analyst activity on March 07, 2024, when Argus upgraded its rating to a Buy but kept the price target unchanged to $24 for it. Previously, Stifel upgraded its rating to Buy on January 19, 2024, and elevated its price target to $20. On January 03, 2024, Lake Street initiated with a Buy rating and assigned a price target of $20 on the stock. Wolfe Research upgraded its rating to a Peer Perform. Stifel downgraded its rating to a Hold and reduced its price target to $12 on October 11, 2023. CL King downgraded its rating to Neutral for this stock on October 11, 2023. In a note dated October 11, 2023, Citigroup downgraded an Sell rating on this stock and revised its target price from $35 to $8.
For the past year, the stock price of Silk Road Medical Inc fluctuated between $6.08 and $34.13. Currently, Wall Street analysts expect the stock to reach $29.6 within the next 12 months. Silk Road Medical Inc [NASDAQ: SILK] shares were valued at $22.04 at the most recent close of the market. An investor can expect a potential return of 34.3% based on the average SILK price forecast.
Analyzing the SILK fundamentals
According to Silk Road Medical Inc [NASDAQ:SILK], the company’s sales were 185.49M for trailing twelve months, which represents an 20.81% jump. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.35 and Total Capital is -0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
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 21.68 points at the first support level, and at 21.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.53, and for the 2nd resistance point, it is at 23.02.
Ratios To Look Out For
It is important to note that Silk Road Medical Inc [NASDAQ:SILK] has a current ratio of 11.05. In addition, the Quick Ratio stands at 9.62 and the Cash Ratio stands at 1.06. Considering the valuation of this stock, the price to sales ratio is 4.69, the price to book ratio is 5.90.
Transactions by insiders
Recent insider trading involved Ballinger Kevin J., Director, that happened on Mar 05 ’24 when 11700.0 shares were purchased. COO/CFO, Buchanan Lucas W. completed a deal on Mar 05 ’24 to sell 9877.0 shares. Meanwhile, Chief Commercial Officer Davis Andrew S. sold 5481.0 shares on Mar 05 ’24.
