Resmed Inc. [RMD] stock prices are down -1.01% to $203.88 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RMD shares have gain 2.05% over the last week, with a monthly amount drifted -3.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Resmed Inc. [NYSE: RMD] stock has seen the most recent analyst activity on June 25, 2024, when Oppenheimer downgraded its rating to a Perform. Previously, Citigroup downgraded its rating to Neutral on June 24, 2024. Morgan Stanley upgraded its rating to a Overweight and decreased its price target to $169 on October 27, 2023. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $202 on October 12, 2023. JP Morgan upgraded its rating to Overweight for this stock on October 09, 2023, and downed its price target to $170. In a note dated September 29, 2023, Wolfe Research downgraded an Peer Perform rating on this stock.
The stock price of Resmed Inc. [RMD] has been fluctuating between $132.24 and $229.97 over the past year. Currently, Wall Street analysts expect the stock to reach $209.33 within the next 12 months. Resmed Inc. [NYSE: RMD] shares were valued at $203.88 at the most recent close of the market. An investor can expect a potential return of 2.67% based on the average RMD price forecast.
Analyzing the RMD fundamentals
The Resmed Inc. [NYSE:RMD] reported sales of 4.58B for trailing twelve months, representing a surge of 7.17%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.22 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
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 201.87 points at the first support level, and at 199.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.44, and for the 2nd resistance point, it is at 211.01.
Ratios To Look Out For
It’s worth pointing out that Resmed Inc. [NYSE:RMD]’s Current Ratio is 3.04. As well, the Quick Ratio is 1.97, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 6.53, the price to book ratio is 6.47 and price to earnings (TTM) ratio is 31.38.
Transactions by insiders
Recent insider trading involved Farrell Michael J., Chief Executive Officer, that happened on Jul 08 ’24 when 14683.0 shares were sold. Chief Financial Officer, Sandercock Brett completed a deal on Jul 08 ’24 to sell 1000.0 shares. Meanwhile, Chief Financial Officer Sandercock Brett sold 1000.0 shares on Jun 10 ’24.
