Resmed Inc. [RMD] stock is trading at $244.87, up 0.04%. 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 0.70% over the last week, with a monthly amount glided 16.09%, and 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 September 04, 2024, when Needham downgraded its rating to a Hold. Previously, Oppenheimer downgraded its rating to Perform on June 25, 2024. On June 24, 2024, downgrade downgraded it’s rating to Neutral. Morgan Stanley upgraded its rating to a Overweight and reduced its price target to $169 on October 27, 2023. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on October 12, 2023, and downed its price target to $202. In a note dated October 09, 2023, JP Morgan upgraded an Overweight rating on this stock and revised its target price from $210 to $170.
Resmed Inc. [RMD] stock has fluctuated between $132.24 and $247.73 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 $244.87 at the most recent close of the market. An investor can expect a potential drop of -14.51% based on the average RMD price forecast.
Analyzing the RMD fundamentals
Resmed Inc. [NYSE:RMD] reported sales of 4.69B for the trailing twelve months, which represents a growth of 9.01%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.22 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 241.42 points at the first support level, and at 237.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 247.85, and for the 2nd resistance point, it is at 250.83.
Ratios To Look Out For
For context, Resmed Inc.’s Current Ratio is 2.59. As well, the Quick Ratio is 1.69, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 7.68, the price to book ratio is 7.40 and price to earnings (TTM) ratio is 35.38.
Transactions by insiders
Recent insider trading involved FARRELL PETER C, Director, that happened on Sep 04 ’24 when 2000.0 shares were sold. Director, FARRELL PETER C completed a deal on Sep 04 ’24 to buy 2000.0 shares. Meanwhile, Global General Counsel Rider Michael J sold 882.0 shares on Aug 20 ’24.