Intuitive Surgical Inc (ISRG) stock expected to decline by -16.31%: What’s driving the pessimism?

Intuitive Surgical Inc [ISRG] stock prices are down -0.07% to $536.69 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ISRG shares have gain 4.10% over the last week, with a monthly amount glided 12.17%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Intuitive Surgical Inc [NASDAQ: ISRG] stock has seen the most recent analyst activity on August 02, 2024, when Redburn Atlantic upgraded its rating to a Buy and also boosted its price target to $510 from $380. Previously, Citigroup reaffirmed its Buy rating on July 10, 2024, and elevated its price target to $512. On May 30, 2024, Goldman initiated with a Buy rating and assigned a price target of $500 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $318 on November 17, 2023. Robert W. Baird initiated its recommendation with a Outperform and recommended $377 as its price target on July 19, 2023. Wells Fargo reiterated a Overweight rating for this stock on April 19, 2023, and upped its price target to $310. In a note dated April 19, 2023, Truist reiterated an Buy rating on this stock and boosted its target price from $300 to $325.

The stock price of Intuitive Surgical Inc [ISRG] has been fluctuating between $281.12 and $542.59 over the past year. Currently, Wall Street analysts expect the stock to reach $449.14 within the next 12 months. Intuitive Surgical Inc [NASDAQ: ISRG] shares were valued at $536.69 at the most recent close of the market. An investor can expect a potential drop of -16.31% based on the average ISRG price forecast.

Analyzing the ISRG fundamentals

The Intuitive Surgical Inc [NASDAQ:ISRG] reported sales of 7.87B for trailing twelve months, representing a surge of 16.88%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.16 and Total Capital is 0.13.

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 533.81 points at the first support level, and at 530.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 539.79, and for the 2nd resistance point, it is at 542.90.

Ratios To Look Out For

It’s worth pointing out that Intuitive Surgical Inc [NASDAQ:ISRG]’s Current Ratio is 4.30. In addition, the Quick Ratio stands at 3.42 and the Cash Ratio stands at 1.44. Considering the valuation of this stock, the price to sales ratio is 24.30, the price to book ratio is 12.27 and price to earnings (TTM) ratio is 86.26.

Transactions by insiders

Recent insider trading involved Curet Myriam, EVP & Chief Medical Officer, that happened on Nov 12 ’24 when 13466.0 shares were sold., Samath Jamie completed a deal on Nov 08 ’24 to sell 22903.0 shares. Meanwhile, Samath Jamie sold 269.0 shares on Nov 11 ’24.

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