Staar Surgical Co [STAA] stock prices are up 0.55% to $25.39 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The STAA shares have gain 0.59% over the last week, with a monthly amount drifted -12.51%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Staar Surgical Co [NASDAQ: STAA] stock has seen the most recent analyst activity on July 15, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $37 from $50. Previously, BTIG Research upgraded its rating to Buy on June 11, 2024, and kept the price target unchanged to $46. On March 11, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $50 on the stock. Needham downgraded its rating to a Hold. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $35 as its price target on December 04, 2023. The Benchmark Company downgraded its rating to Hold for this stock on September 15, 2023. In a note dated August 03, 2023, Canaccord Genuity downgraded an Hold rating on this stock and revised its target price from $77 to $48.
The stock price of Staar Surgical Co [STAA] has been fluctuating between $25.04 and $52.68 over the past year. Currently, Wall Street analysts expect the stock to reach $54.58 within the next 12 months. Staar Surgical Co [NASDAQ: STAA] shares were valued at $25.39 at the most recent close of the market. An investor can expect a potential return of 114.97% based on the average STAA price forecast.
Analyzing the STAA fundamentals
The Staar Surgical Co [NASDAQ:STAA] reported sales of 341.22M for trailing twelve months, representing a surge of 10.31%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.05 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 25.04 points at the first support level, and at 24.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.76, and for the 2nd resistance point, it is at 26.14.
Ratios To Look Out For
It’s worth pointing out that Staar Surgical Co [NASDAQ:STAA]’s Current Ratio is 5.99. On the other hand, the Quick Ratio is 5.38, and the Cash Ratio is 2.47. Considering the valuation of this stock, the price to sales ratio is 3.67, the price to book ratio is 2.92 and price to earnings (TTM) ratio is 57.95.
Transactions by insiders
Recent insider trading involved Butcher Arthur C, Director, that happened on Aug 12 ’24 when 1315.0 shares were purchased. 10% Owner, BROADWOOD PARTNERS, L.P. completed a deal on May 09 ’24 to buy 1.0 shares. Meanwhile, Director WEISNER AIMEE S bought 1750.0 shares on Mar 14 ’24.
