A share price of Insulet Corporation [PODD] is currently trading at $192.58, up 6.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The PODD shares have gain 5.54% over the last week, with a monthly amount glided 0.39%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Insulet Corporation [NASDAQ: PODD] stock has seen the most recent analyst activity on May 30, 2024, when Redburn Atlantic initiated its Buy rating and assigned the stock a price target of $235. Previously, Wolfe Research upgraded its rating to Outperform on May 07, 2024, and kept the price target unchanged to $200. On December 21, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $238 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $234 on December 04, 2023. Jefferies upgraded its rating to a Buy and reduced its price target to $240 on October 02, 2023. Citigroup upgraded its rating to Buy for this stock on August 21, 2023, and downed its price target to $265. In a note dated August 21, 2023, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $320 to $219.
Insulet Corporation experienced fluctuations in its stock price throughout the past year between $125.82 and $223.56. Currently, Wall Street analysts expect the stock to reach $268.6 within the next 12 months. Insulet Corporation [NASDAQ: PODD] shares were valued at $192.58 at the most recent close of the market. An investor can expect a potential return of 39.47% based on the average PODD price forecast.
Analyzing the PODD fundamentals
Trailing Twelve Months sales for Insulet Corporation [NASDAQ:PODD] were 1.87B which represents 23.20% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.51 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.4.
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 185.09 points at the first support level, and at 177.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 198.30, and for the 2nd resistance point, it is at 204.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Insulet Corporation [NASDAQ:PODD] is 3.56. On the other hand, the Quick Ratio is 2.68, and the Cash Ratio is 1.47. Considering the valuation of this stock, the price to sales ratio is 7.21, the price to book ratio is 13.52 and price to earnings (TTM) ratio is 34.97.
Transactions by insiders
Recent insider trading involved Field Mark N, SVP & Chief Technology Officer, that happened on Jun 14 ’24 when 1500.0 shares were sold. Director, Scannell Timothy J completed a deal on Jun 10 ’24 to sell 7000.0 shares. Meanwhile, SVP & Chief Technology Officer Field Mark N sold 2131.0 shares on Jun 10 ’24.
