Intuitive Surgical Inc (NASDAQ: ISRG) is 16.27% higher on its value in year-to-date trading and has touched a low of $254.85 and a high of $403.76 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 ISRG stock was last observed hovering at around $388.46 in the last trading session, with the day’s gains setting it 3.8%.
Currently trading at $392.26, the stock is 0.50% and 1.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 0.98% at the moment leaves the stock 18.39% off its SMA200. ISRG registered 49.28% gain for a year compared to 6-month gain of 31.71%. The firm has a 50-day simple moving average (SMA 50) of $18.78 and a 200-day simple moving average (SMA200) of $61.14.
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The stock witnessed a 0.73% loss in the last 1 month and extending the period to 3 months gives it a 7.63%, and is 3.52% 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 2.08% over the week and 2.15% over the month.
Intuitive Surgical Inc (ISRG) has around 13676 employees, a market worth around $139.04B and $7.12B in sales. Current P/E ratio is 78.01 and Fwd P/E is 53.88. Profit margin for the company is 25.24%. Distance from 52-week low is 53.92% and -2.85% from its 52-week high. The company has generated returns on investments over the last 12 months (13.45%).
Intuitive Surgical Inc quarterly earnings per share for the current quarter are estimated at $1.41 with sales reaching $1.87B over the same period.The EPS is expected to grow by 9.44% this year, but quarterly earnings will post 12.40% year-over-year. Quarterly sales are estimated to grow 17.10% in year-over-year returns.
2,305 institutions hold shares in Intuitive Surgical Inc (ISRG), with institutional investors hold 88.70% of the company’s shares. The shares outstanding are 352.30M, and float is at 352.02M with Short Float at 0.97%. Institutions hold 88.23% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 29.67 million shares valued at $10.15 billion. The investor’s holdings represent 8.44% of the ISRG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 29.58 million shares valued at $10.11 billion to account for 8.42% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 19.02 million shares representing 5.41% and valued at over $6.5 billion, while State Street Corporation holds 4.21% of the shares totaling 14.81 million with a market value of $5.06 billion.
Intuitive Surgical Inc (ISRG) Insider Activity
The most recent transaction is an insider sale by Widman Fredrik, the company’s VP Corporate Controller. SEC filings show that Widman Fredrik sold 5,041 shares of the company’s common stock on Mar 15 ’24 at a price of $397.07 per share for a total of $2.0 million. Following the sale, the insider now owns 110.0 shares.
Intuitive Surgical Inc disclosed in a document filed with the SEC on Mar 11 ’24 that DeSantis Robert (EVP & Chief Strategy & Corp Op) sold a total of 329 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $390.16 per share for $0.13 million. Following the transaction, the insider now directly holds 5507.0 shares of the ISRG stock.
Still, SEC filings show that on Mar 11 ’24, Brosius Mark (SVP & Chief Mfg and Supply Cha) disposed off 196 shares at an average price of $390.16 for $76471.0. The insider now directly holds 1,058 shares of Intuitive Surgical Inc (ISRG).
