At the time of writing, Resmed Inc [RMD] stock is trading at $242.51, down -1.33%. 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 1.29% over the last week, with a monthly amount drifted -1.90%, and not 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 24, 2024, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $280. Previously, Wolfe Research downgraded its rating to Underperform on September 18, 2024, and kept the price target unchanged to $180. On September 04, 2024, downgrade downgraded it’s rating to Hold. Oppenheimer downgraded its rating to a Perform. Citigroup downgraded its rating to a Neutral. In a note dated October 27, 2023, Morgan Stanley upgraded an Overweight rating on this stock and revised its target price from $180 to $169.
For the past year, the stock price of Resmed Inc fluctuated between $163.43 and $260.49. Currently, Wall Street analysts expect the stock to reach $228 within the next 12 months. Resmed Inc [NYSE: RMD] shares were valued at $242.51 at the most recent close of the market. An investor can expect a potential drop of -5.98% based on the average RMD price forecast.
Analyzing the RMD fundamentals
According to Resmed Inc [NYSE:RMD], the company’s sales were 4.81B for trailing twelve months, which represents an 11.08% jump. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.23 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 240.00 points at the first support level, and at 237.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 246.48, and for the 2nd resistance point, it is at 250.44.
Ratios To Look Out For
It is important to note that Resmed Inc [NYSE:RMD] has a current ratio of 2.92. As well, the Quick Ratio is 1.91, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 7.41, the price to book ratio is 6.85 and price to earnings (TTM) ratio is 32.15.
Transactions by insiders
Recent insider trading involved Sandercock Brett, Chief Financial Officer, that happened on Dec 09 ’24 when 1000.0 shares were sold. Officer, Sandercock Brett completed a deal on Dec 09 ’24 to buy 1000.0 shares. Meanwhile, Director FARRELL PETER C sold 2000.0 shares on Dec 04 ’24.
