ResMed Inc. (NYSE:RMD) went down by -9.59% from its latest closing price compared to the recent 1-year high of $224.43. The company’s stock price has collected -10.19% of loss in the last five trading sessions. Press Release reported on 04/29/21 that ResMed Inc. Announces Results for the Third Quarter of Fiscal Year 2021
Is It Worth Investing in ResMed Inc. (NYSE :RMD) Right Now?
ResMed Inc. (NYSE:RMD) scored a price-to-earnings ratio above its average ratio, recording 60.17 x from its present earnings ratio. Plus, the 36-month beta value for RMD is at 0.33. Opinions of the stock are interesting as 5 analysts out of 17 who provided ratings for ResMed Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $212.83, which is $28.86 above the current price. RMD currently public float of 144.32M and currently shorts hold a 0.79% ratio of that float. Today, the average trading volume of RMD was 688.52K shares.
RMD’s Market Performance
RMD stocks went down by -10.19% for the week, with a monthly drop of -3.12% and a quarterly performance of -6.75%, while its annual performance rate touched 21.02%. The volatility ratio for the week stands at 2.52% while the volatility levels for the past 30 days are set at 1.70% for ResMed Inc.. The simple moving average for the period of the last 20 days is -7.92% for RMD stocks with a simple moving average of -4.01% for the last 200 days.
Analysts’ Opinion of RMD
Needham, on the other hand, stated in their research note that they expect to see RMD reach a price target of $229. The rating they have provided for RMD stocks is “Buy” according to the report published on March 16th, 2021.
UBS gave a rating of “Buy” to RMD, setting the target price at $210 in the report published on November 02nd of the previous year.
RMD Trading at -4.15% from the 50-Day Moving Average
After a stumble in the market that brought RMD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.25% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares sank -3.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.96% lower at present.
During the last 5 trading sessions, RMD fell by -10.19%, which changed the moving average for the period of 200-days by -4.85% in comparison to the 20-day moving average, which settled at $203.82. In addition, ResMed Inc. saw -11.57% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at RMD starting from Douglas Robert Andrew, who sale 964 shares at the price of $207.45 back on Apr 15. After this action, Douglas Robert Andrew now owns 210,407 shares of ResMed Inc., valued at $199,982 using the latest closing price.
Hollingshead James, the President, Sleep Business of ResMed Inc., sale 4,800 shares at $200.00 during a trade that took place back on Apr 12, which means that Hollingshead James is holding 83,046 shares at $960,000 based on the most recent closing price.
Stock Fundamentals for RMD
Current profitability levels for the company are sitting at:
- +27.36 for the present operating margin
- +57.07 for the gross margin
The net margin for ResMed Inc. stands at +21.02. The total capital return value is set at 22.66, while invested capital returns managed to touch 17.53. Equity return is now at value 17.00, with 10.00 for asset returns.
Based on ResMed Inc. (RMD), the company’s capital structure generated 52.03 points at debt to equity in total, while total debt to capital is 34.22. Total debt to assets is 28.32, with long-term debt to equity ratio resting at 50.70. Finally, the long-term debt to capital ratio is 33.35.
When we switch over and look at the enterprise to sales, we see a ratio of 9.74, with the company’s debt to enterprise value settled at 0.05. The receivables turnover for the company is 5.78 and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.53.