At the time of writing, Staar Surgical Co [STAA] stock is trading at $24.45, up 2.09%. An important factor to consider is whether the stock is rising or falling in short-term value. The STAA shares have gain 11.87% over the last week, with a monthly amount drifted -1.49%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Staar Surgical Co fluctuated between $21.13 and $52.68. 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 $24.45 at the most recent close of the market. An investor can expect a potential return of 123.23% based on the average STAA price forecast.
Analyzing the STAA fundamentals
According to Staar Surgical Co [NASDAQ:STAA], the company’s sales were 341.22M for trailing twelve months, which represents an 10.31% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 23.79 points at the first support level, and at 23.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.13, and for the 2nd resistance point, it is at 25.82.
Ratios To Look Out For
It is important to note that Staar Surgical Co [NASDAQ:STAA] has a current ratio of 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 3.53, the price to book ratio is 2.81 and price to earnings (TTM) ratio is 55.81.
Transactions by insiders
Recent insider trading involved BROADWOOD PARTNERS, L.P., 10% Owner, that happened on Jan 14 ’25 when 21155.0 shares were purchased. 10% Owner, BROADWOOD PARTNERS, L.P. completed a deal on Jan 16 ’25 to buy 8221.0 shares. Meanwhile, 10% Owner BROADWOOD PARTNERS, L.P. bought 53500.0 shares on Dec 16 ’24.
