Insulet Corporation (NASDAQ: PODD) has a higher price-to-earnings ratio of 60.29x compared to its average ratio. PODD has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for PODD is 69.57M, and currently, short sellers hold a 4.10% ratio of that float. The average trading volume of PODD on May 09, 2024 was 854.24K shares.
PODD) stock’s latest price update
The stock of Insulet Corporation (NASDAQ: PODD) has decreased by -4.73 when compared to last closing price of 184.28. Despite this, the company has experienced a 3.11% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Besides Wall Street’s top -and-bottom-line estimates for Insulet (PODD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
PODD’s Market Performance
Insulet Corporation (PODD) has seen a 3.11% rise in stock performance for the week, with a -1.37% decline in the past month and a -11.66% plunge in the past quarter. The volatility ratio for the week is 3.42%, and the volatility levels for the past 30 days are at 3.22% for PODD. The simple moving average for the past 20 days is 2.48% for PODD’s stock, with a -4.87% simple moving average for the past 200 days.
Analysts’ Opinion of PODD
Many brokerage firms have already submitted their reports for PODD stocks, with Wolfe Research repeating the rating for PODD by listing it as a “Outperform.” The predicted price for PODD in the upcoming period, according to Wolfe Research is $200 based on the research report published on May 07, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see PODD reach a price target of $238, previously predicting the price at $180. The rating they have provided for PODD stocks is “Outperform” according to the report published on December 21st, 2023.
Morgan Stanley gave a rating of “Overweight” to PODD, setting the target price at $234 in the report published on December 04th of the previous year.
PODD Trading at 3.29% from the 50-Day Moving Average
After a stumble in the market that brought PODD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.06% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares sank -1.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.37% upper at present.
During the last 5 trading sessions, PODD rose by +3.11%, which changed the moving average for the period of 200-days by -37.21% in comparison to the 20-day moving average, which settled at $171.23. In addition, Insulet Corporation saw -19.08% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PODD starting from Petrovic Shacey, who sale 11,609 shares at the price of $162.92 back on Feb 28 ’24. After this action, Petrovic Shacey now owns 2,567 shares of Insulet Corporation, valued at $1,891,338 using the latest closing price.
BORIO LUCIANA, the Director of Insulet Corporation, sale 72 shares at $207.08 during a trade that took place back on Dec 15 ’23, which means that BORIO LUCIANA is holding 2,278 shares at $14,910 based on the most recent closing price.
Stock Fundamentals for PODD
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.68 for the gross margin
The net margin for Insulet Corporation stands at 0.12. The total capital return value is set at 0.1. Equity return is now at value 34.12, with 8.53 for asset returns.
Based on Insulet Corporation (PODD), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.94. The interest coverage ratio of the stock is -6.08.
Currently, EBITDA for the company is 220.0 million with net debt to EBITDA at 5.54. When we switch over and look at the enterprise to sales, we see a ratio of 7.71. The receivables turnover for the company is 4.72for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.47.
Conclusion
To put it simply, Insulet Corporation (PODD) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
