Establishment Labs Holdings Inc (NASDAQ: ESTA) has experienced a rise in its stock price by 10.89 compared to its previous closing price of 51.25. However, the company has seen a gain of 14.81% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that Establishment Labs Holdings Inc. (ESTA) came out with a quarterly loss of $0.58 per share versus the Zacks Consensus Estimate of a loss of $0.65. This compares to loss of $0.48 per share a year ago.
Is It Worth Investing in Establishment Labs Holdings Inc (NASDAQ: ESTA) Right Now?
Company’s 36-month beta value is 1.22.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ESTA is 22.61M, and currently, short sellers hold a 21.63% ratio of that floaft. The average trading volume of ESTA on May 10, 2024 was 369.57K shares.
ESTA’s Market Performance
ESTA’s stock has seen a 14.81% increase for the week, with a 6.84% rise in the past month and a 48.15% gain in the past quarter. The volatility ratio for the week is 6.39%, and the volatility levels for the past 30 days are at 5.30% for Establishment Labs Holdings Inc The simple moving average for the past 20 days is 12.08% for ESTA’s stock, with a 34.17% simple moving average for the past 200 days.
Analysts’ Opinion of ESTA
Many brokerage firms have already submitted their reports for ESTA stocks, with JP Morgan repeating the rating for ESTA by listing it as a “Overweight.” The predicted price for ESTA in the upcoming period, according to JP Morgan is $75 based on the research report published on August 31, 2023 of the previous year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see ESTA reach a price target of $79. The rating they have provided for ESTA stocks is “Buy” according to the report published on June 29th, 2023.
Stephens gave a rating of “Overweight” to ESTA, setting the target price at $90 in the report published on October 14th of the previous year.
ESTA Trading at 13.60% from the 50-Day Moving Average
After a stumble in the market that brought ESTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.15% of loss for the given period.
Volatility was left at 5.30%, however, over the last 30 days, the volatility rate increased by 6.39%, as shares surge +7.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.76% upper at present.
During the last 5 trading sessions, ESTA rose by +14.81%, which changed the moving average for the period of 200-days by -18.09% in comparison to the 20-day moving average, which settled at $50.89. In addition, Establishment Labs Holdings Inc saw 119.51% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ESTA starting from LEWIN NICHOLAS SHERIDAN, who purchase 2,000 shares at the price of $27.04 back on Dec 14 ’23. After this action, LEWIN NICHOLAS SHERIDAN now owns 1,064,888 shares of Establishment Labs Holdings Inc, valued at $54,073 using the latest closing price.
LEWIN NICHOLAS SHERIDAN, the Director of Establishment Labs Holdings Inc, purchase 5,000 shares at $22.00 during a trade that took place back on Nov 20 ’23, which means that LEWIN NICHOLAS SHERIDAN is holding 14,190 shares at $110,000 based on the most recent closing price.
Stock Fundamentals for ESTA
Current profitability levels for the company are sitting at:
- -0.42 for the present operating margin
- 0.65 for the gross margin
The net margin for Establishment Labs Holdings Inc stands at -0.53. The total capital return value is set at -0.26. Equity return is now at value -404.56, with -32.38 for asset returns.
Based on Establishment Labs Holdings Inc (ESTA), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -27.84. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 644.12.
Currently, EBITDA for the company is -60.14 million with net debt to EBITDA at 1.11. When we switch over and look at the enterprise to sales, we see a ratio of 9.57. The receivables turnover for the company is 3.06for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.24.
Conclusion
In a nutshell, Establishment Labs Holdings Inc (ESTA) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
