Shockwave Medical Inc. (NASDAQ: SWAV) is 73.09% higher on its value in year-to-date trading and has touched a low of $157.00 and a high of $331.58 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 SWAV stock was last observed hovering at around $330.19 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $329.84, the stock is 0.73% and 11.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing -0.11% at the moment leaves the stock 41.89% off its SMA200. SWAV registered 14.15% gain for a year compared to 6-month gain of 63.53%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 3.10% loss in the last 1 month and extending the period to 3 months gives it a 45.79%, and is 0.29% 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 0.46% over the week and 0.71% over the month.
Shockwave Medical Inc. (SWAV) has around 1468 employees, a market worth around $12.37B and $730.23M in sales. Current P/E ratio is 85.43 and Fwd P/E is 53.37. Profit margin for the company is 20.17%. Distance from 52-week low is 110.09% and -0.52% from its 52-week high. The company has generated returns on investments over the last 12 months (10.26%).
The EPS is expected to grow by 26.01% this year
The shares outstanding are 36.99M, and float is at 36.73M with Short Float at 4.00%.
Shockwave Medical Inc. (SWAV) Insider Activity
The most recent transaction is an insider sale by Zacharias Isaac, the company’s President, CCO. SEC filings show that Zacharias Isaac sold 4,000 shares of the company’s common stock on Mar 26 ’24 at a price of $287.67 per share for a total of $1.15 million. Following the sale, the insider now owns 56818.0 shares.
Shockwave Medical Inc. disclosed in a document filed with the SEC on Mar 26 ’24 that FRANCIS LAURA (Director) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Mar 26 ’24 and was made at $300.00 per share for $0.45 million. Following the transaction, the insider now directly holds 3551.0 shares of the SWAV stock.
Still, SEC filings show that on Mar 06 ’24, WATKINS FRANK T (Director) disposed off 2,000 shares at an average price of $253.65 for $0.51 million. The insider now directly holds 4,532 shares of Shockwave Medical Inc. (SWAV).
