A share price of Penumbra Inc [PEN] is currently trading at $186.94, up 10.75%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PEN shares have gain 9.04% over the last week, with a monthly amount drifted -2.47%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Penumbra Inc [NYSE: PEN] stock has seen the most recent analyst activity on July 31, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $150 from $289. Previously, Citigroup downgraded its rating to Neutral on July 31, 2024, and elevated its price target to $178. On February 23, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $250 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $265 on September 06, 2023. Robert W. Baird initiated its recommendation with a Outperform and recommended $375 as its price target on July 19, 2023. Needham downgraded its rating to Hold for this stock on March 29, 2023. In a note dated January 30, 2023, Piper Sandler initiated an Overweight rating and provided a target price of $275 on this stock.
Penumbra Inc experienced fluctuations in its stock price throughout the past year between $148.00 and $302.00. Currently, Wall Street analysts expect the stock to reach $213.38 within the next 12 months. Penumbra Inc [NYSE: PEN] shares were valued at $186.94 at the most recent close of the market. An investor can expect a potential return of 14.14% based on the average PEN price forecast.
Analyzing the PEN fundamentals
Trailing Twelve Months sales for Penumbra Inc [NYSE:PEN] were 1.13B which represents 14.49% growth. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 175.94 points at the first support level, and at 164.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 196.22, and for the 2nd resistance point, it is at 205.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Penumbra Inc [NYSE:PEN] is 6.25. Further, the Quick Ratio stands at 3.77, while the Cash Ratio is 1.91. Considering the valuation of this stock, the price to sales ratio is 6.40, the price to book ratio is 6.25 and price to earnings (TTM) ratio is 545.97.
Transactions by insiders
Recent insider trading involved Elsesser Adam, CEO and President, that happened on Jul 17 ’24 when 15000.0 shares were sold. EVP, Gen. Counsel & Secretary, Roberts Johanna completed a deal on Jul 01 ’24 to sell 600.0 shares. Meanwhile, Director Kassing Don W. sold 170.0 shares on Jul 01 ’24.