The stock price of Insulet Corporation (NASDAQ: PODD) has dropped by -1.01 compared to previous close of 198.40. Despite this, the company has seen a gain of 2.21% in its stock price over the last five trading days. zacks.com reported 2024-06-13 that The robust performance of Insulet’s (PODD) Omnipod 5 raises investors’ optimism. However, concerns remain over the macroeconomic impacts and the company’s overdependence on a single platform.
Is It Worth Investing in Insulet Corporation (NASDAQ: PODD) Right Now?
The price-to-earnings ratio for Insulet Corporation (NASDAQ: PODD) is 59.40x, which is above its average ratio. Moreover, the 36-month beta value for PODD is 1.15. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for PODD is 69.40M and currently, short sellers hold a 4.31% of that float. On June 19, 2024, PODD’s average trading volume was 841.75K shares.
PODD’s Market Performance
The stock of Insulet Corporation (PODD) has seen a 2.21% increase in the past week, with a 4.88% rise in the past month, and a 15.12% gain in the past quarter. The volatility ratio for the week is 3.08%, and the volatility levels for the past 30 days are at 3.52% for PODD. The simple moving average for the past 20 days is 5.52% for PODD’s stock, with a 10.60% simple moving average for the past 200 days.
Analysts’ Opinion of PODD
Many brokerage firms have already submitted their reports for PODD stocks, with Redburn Atlantic repeating the rating for PODD by listing it as a “Buy.” The predicted price for PODD in the upcoming period, according to Redburn Atlantic is $235 based on the research report published on May 30, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see PODD reach a price target of $200. The rating they have provided for PODD stocks is “Outperform” according to the report published on May 07th, 2024.
Robert W. Baird gave a rating of “Outperform” to PODD, setting the target price at $238 in the report published on December 21st of the previous year.
PODD Trading at 10.31% 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 -34.30% of loss for the given period.
Volatility was left at 3.52%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares surge +6.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.50% upper at present.
During the last 5 trading sessions, PODD rose by +2.21%, which changed the moving average for the period of 200-days by +2.45% in comparison to the 20-day moving average, which settled at $186.73. In addition, Insulet Corporation saw -9.48% 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 Field Mark N, who sale 1,500 shares at the price of $199.96 back on Jun 14 ’24. After this action, Field Mark N now owns 12,875 shares of Insulet Corporation, valued at $299,940 using the latest closing price.
Scannell Timothy J, the Director of Insulet Corporation, sale 7,000 shares at $190.51 during a trade that took place back on Jun 10 ’24, which means that Scannell Timothy J is holding 35,586 shares at $1,333,570 based on the most recent closing price.
Stock Fundamentals for PODD
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.69 for the gross margin
The net margin for Insulet Corporation stands at 0.13. The total capital return value is set at 0.12. Equity return is now at value 36.18, with 9.53 for asset returns.
Based on Insulet Corporation (PODD), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.77. The interest coverage ratio of the stock is -9.39.
Currently, EBITDA for the company is 220.0 million with net debt to EBITDA at 3.66. When we switch over and look at the enterprise to sales, we see a ratio of 8.12. The receivables turnover for the company is 5.56for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.70.
Conclusion
To wrap up, the performance of Insulet Corporation (PODD) has been mixed in recent times. The stock has received a mixed of “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.
