SI-BONE Inc [SIBN] stock is trading at $17.92, up 9.33%. An important factor to consider is whether the stock is rising or falling in short-term value. The SIBN shares have gain 4.98% over the last week, with a monthly amount glided 5.91%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
SI-BONE Inc [NASDAQ: SIBN] stock has seen the most recent analyst activity on August 06, 2024, when Needham reiterated its Buy rating and also revised its price target to $19 from $27. Previously, Piper Sandler started tracking the stock with Overweight rating on March 28, 2024, and set its price target to $25. On October 12, 2022, Jefferies initiated with a Buy rating and assigned a price target of $20 on the stock. Citigroup initiated its recommendation with a Buy and recommended $40 as its price target on June 08, 2021. Needham reiterated a Buy rating for this stock on March 09, 2021, and downed its price target to $34. In a note dated December 16, 2020, Needham reiterated an Buy rating on this stock and boosted its target price from $28 to $35.
SI-BONE Inc [SIBN] stock has fluctuated between $11.70 and $21.19 over the past year. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. SI-BONE Inc [NASDAQ: SIBN] shares were valued at $17.92 at the most recent close of the market. An investor can expect a potential return of 11.61% based on the average SIBN price forecast.
Analyzing the SIBN fundamentals
SI-BONE Inc [NASDAQ:SIBN] reported sales of 157.03M for the trailing twelve months, which represents a growth of 18.60%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.27%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.23 and Total Capital is -0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 16.75 points at the first support level, and at 15.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.50, and for the 2nd resistance point, it is at 19.09.
Ratios To Look Out For
For context, SI-BONE Inc’s Current Ratio is 8.25. On the other hand, the Quick Ratio is 7.22, and the Cash Ratio is 1.22. Considering the valuation of this stock, the price to sales ratio is 4.79, the price to book ratio is 4.54.
Transactions by insiders
Recent insider trading involved DUNN JEFFREY W, Director, that happened on Feb 03 ’25 when 337.0 shares were sold. President, Commercial Ops, RECUPERO ANTHONY J completed a deal on Jan 02 ’25 to sell 3670.0 shares. Meanwhile, Chief Financial Officer Maheshwari Anshul sold 5304.0 shares on Jan 02 ’25.
