Penumbra Inc (NYSE: PEN) is 8.56% higher on its value in year-to-date trading and has touched a low of $148.00 and a high of $277.34 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 PEN stock was last observed hovering at around $252.23 in the last trading session, with the day’s gains setting it 5.58%.
Currently trading at $257.81, the stock is 5.67% and 7.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.45 million and changing 2.21% at the moment leaves the stock 24.72% off its SMA200. PEN registered 4.24% gain for a year compared to 6-month gain of 43.66%. The firm has a 50-day simple moving average (SMA 50) of $238.265 and a 200-day simple moving average (SMA200) of $206.5453.
The stock witnessed a 8.68% loss in the last 1 month and extending the period to 3 months gives it a 32.34%, and is 8.56% 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 6.20% over the week and 3.60% over the month.
Penumbra Inc (PEN) has around 4200 employees, a market worth around $9.89B and $1.16B in sales. Current P/E ratio is 299.40 and Fwd P/E is 67.77. Profit margin for the company is 2.97%. Distance from 52-week low is 74.20% and -7.04% from its 52-week high. The company has generated returns on investments over the last 12 months (2.62%).
The EPS is expected to grow by 33.69% this year
484.0 institutions hold shares in Penumbra Inc (PEN), with institutional investors hold 97.33% of the company’s shares. The shares outstanding are 38.36M, and float is at 37.05M with Short Float at 4.81%. Institutions hold 93.56% of the Float.
The top institutional shareholder in the company is FMR LLC with over 5.77 million shares valued at $1.04 billion. The investor’s holdings represent 14.9156 of the PEN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.26 million shares valued at $765.8 million to account for 10.9903 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.7 million shares representing 9.5463 and valued at over $665.18 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 7.8145 of the shares totaling 3.03 million with a market value of $544.51 million.
Penumbra Inc (PEN) Insider Activity
The most recent transaction is an insider sale by Grewal Harpreet, the company’s Director. SEC filings show that Grewal Harpreet sold 167 shares of the company’s common stock on Jan 03 ’25 at a price of $241.28 per share for a total of $40294.0. Following the sale, the insider now owns 8530.0 shares.
Penumbra Inc disclosed in a document filed with the SEC on Jan 02 ’25 that Kassing Don W. (Director) sold a total of 170 shares of the company’s common stock. The trade occurred on Jan 02 ’25 and was made at $238.84 per share for $40603.0. Following the transaction, the insider now directly holds 665.0 shares of the PEN stock.
Still, SEC filings show that on Jan 03 ’25, Grewal Harpreet (Director) Proposed Sale 167 shares at an average price of $241.28 for $40294.0. The insider now directly holds shares of Penumbra Inc (PEN).
