Penumbra Inc [PEN] stock prices are up 4.02% to $211.36 at the moment. 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 10.77% over the last week, with a monthly amount glided 13.06%, and 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 September 18, 2024, when Stifel initiated its Buy rating and assigned the stock a price target of $238. Previously, Leerink Partners started tracking the stock with Outperform rating on September 03, 2024, and set its price target to $263. On July 31, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $150 on the stock. Citigroup downgraded its rating to a Neutral and increased its price target to $178 on July 31, 2024. JP Morgan downgraded its rating to a Neutral and reduced its price target to $250 on February 23, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on September 06, 2023, and assigned it a price target of $265. In a note dated July 19, 2023, Robert W. Baird initiated an Outperform rating and provided a target price of $375 on this stock.
The stock price of Penumbra Inc [PEN] has been fluctuating between $148.00 and $277.34 over the past year. Currently, Wall Street analysts expect the stock to reach $224.09 within the next 12 months. Penumbra Inc [NYSE: PEN] shares were valued at $211.36 at the most recent close of the market. An investor can expect a potential return of 6.02% based on the average PEN price forecast.
Analyzing the PEN fundamentals
The Penumbra Inc [NYSE:PEN] reported sales of 1.13B for trailing twelve months, representing a surge of 14.49%. 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 204.94 points at the first support level, and at 198.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 217.61, and for the 2nd resistance point, it is at 223.86.
Ratios To Look Out For
It’s worth pointing out that Penumbra Inc [NYSE:PEN]’s Current Ratio 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 7.24, the price to book ratio is 7.07 and price to earnings (TTM) ratio is 617.29.
Transactions by insiders
Recent insider trading involved Grewal Harpreet, Director, that happened on Oct 02 ’24 when 166.0 shares were sold. EVP, Gen. Counsel & Secretary, Roberts Johanna completed a deal on Oct 01 ’24 to sell 600.0 shares. Meanwhile, Director Kassing Don W. sold 170.0 shares on Oct 01 ’24.
