Staar Surgical Co. (NASDAQ: STAA) is 58.57% higher on its value in year-to-date trading and has touched a low of $26.66 and a high of $73.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STAA stock was last observed hovering at around $48.68 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $49.49, the stock is 26.95% and 45.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 1.66% at the moment leaves the stock 26.59% off its SMA200. STAA registered -19.59% loss for a year compared to 6-month loss of 30.65%. The firm has a 50-day simple moving average (SMA 50) of $6.93 and a 200-day simple moving average (SMA200) of $67.23.
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The stock witnessed a 40.96% gain in the last 1 month and extending the period to 3 months gives it a 73.89%, and is 26.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.87% over the week and 5.04% over the month.
Staar Surgical Co. (STAA) has around 1115 employees, a market worth around $2.42B and $322.42M in sales. Current P/E ratio is 114.48 and Fwd P/E is 55.12. Profit margin for the company is 6.62%. Distance from 52-week low is 85.67% and -32.33% from its 52-week high. The company has generated returns on investments over the last 12 months (5.11%).
Staar Surgical Co. quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $73.07M over the same period.The EPS is expected to shrink by -45.19% this year, but quarterly earnings will post 4.70% year-over-year. Quarterly sales are estimated to grow 9.10% in year-over-year returns.
Staar Surgical Co. (STAA) Top Institutional Holders
306 institutions hold shares in Staar Surgical Co. (STAA), with institutional investors hold 108.56% of the company’s shares. The shares outstanding are 48.84M, and float is at 48.34M with Short Float at 11.24%. Institutions hold 107.71% of the Float.
The top institutional shareholder in the company is Broadwood Capital, Inc. with over 8.78 million shares valued at $461.73 million. The investor’s holdings represent 18.11% of the STAA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.34 million shares valued at $333.26 million to account for 13.07% of the shares outstanding. The other top investors are Baillie Gifford and Company which holds 5.11 million shares representing 10.54% and valued at over $268.65 million, while Vanguard Group Inc holds 10.17% of the shares totaling 4.93 million with a market value of $259.33 million.
Staar Surgical Co. (STAA) Insider Activity
The most recent transaction is an insider purchase by WEISNER AIMEE S,the company’sDirector. SEC filings show that WEISNER AIMEE S bought 1,750 shares of the company’s common stock on Mar 14 ’24 at a price of $38.11 per share for a total of $66692.0. Following the purchase, the insider now owns 10864.0 shares.
Staar Surgical Co. disclosed in a document filed with the SEC on Jan 08 ’24 that BROADWOOD PARTNERS, L.P. (10% Owner) bought a total of 4,042 shares of the company’s common stock. The trade occurred on Jan 08 ’24 and was made at $27.11 per share for $0.11 million. Following the transaction, the insider now directly holds 10.77 million shares of the STAA stock.
Still, SEC filings show that on Jan 05 ’24, BROADWOOD PARTNERS, L.P. (10% Owner) acquired 156,734 shares at an average price of $28.48 for $4.46 million. The insider now directly holds 10,764,388 shares of Staar Surgical Co. (STAA).
