The stock of Silk Road Medical Inc (SILK) has seen a -0.18% decrease in the past week, with a 0.30% gain in the past month, and a 39.04% flourish in the past quarter. The volatility ratio for the week is 0.26%, and the volatility levels for the past 30 days are at 0.38% for SILK. The simple moving average for the past 20 days is -0.06% for SILK’s stock, with a 62.52% simple moving average for the past 200 days.
Is It Worth Investing in Silk Road Medical Inc (NASDAQ: SILK) Right Now?
The stock has a 36-month beta value of 1.52. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for SILK is 36.88M, and at present, short sellers hold a 5.66% of that float. On July 31, 2024, the average trading volume of SILK was 1.65M shares.
SILK) stock’s latest price update
The stock of Silk Road Medical Inc (NASDAQ: SILK) has decreased by -0.04 when compared to last closing price of 27.04.Despite this, the company has seen a loss of -0.18% in its stock price over the last five trading days. globenewswire.com reported 2024-07-30 that Studied across thousands of patients and supported by hundreds of clinical publications, the TCAR pioneer has continually delivered positive outcomes through minimally invasive techniques
Analysts’ Opinion of SILK
Argus, on the other hand, stated in their research note that they expect to see SILK reach a price target of $24. The rating they have provided for SILK stocks is “Buy” according to the report published on March 07th, 2024.
Stifel gave a rating of “Buy” to SILK, setting the target price at $20 in the report published on January 19th of the current year.
SILK Trading at 9.19% from the 50-Day Moving Average
After a stumble in the market that brought SILK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.59% of loss for the given period.
Volatility was left at 0.38%, however, over the last 30 days, the volatility rate increased by 0.26%, as shares surge +0.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.87% upper at present.
During the last 5 trading sessions, SILK fell by -0.18%, which changed the moving average for the period of 200-days by +274.38% in comparison to the 20-day moving average, which settled at $27.05. In addition, Silk Road Medical Inc saw 120.29% 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 SILK starting from Davis Andrew S., who sale 66 shares at the price of $27.00 back on Jul 03 ’24. After this action, Davis Andrew S. now owns 289,707 shares of Silk Road Medical Inc, valued at $1,782 using the latest closing price.
Ballinger Kevin J., the Director of Silk Road Medical Inc, purchase 11,700 shares at $16.99 during a trade that took place back on Mar 05 ’24, which means that Ballinger Kevin J. is holding 17,807 shares at $198,783 based on the most recent closing price.
Stock Fundamentals for SILK
Current profitability levels for the company are sitting at:
- -0.31 for the present operating margin
- 0.73 for the gross margin
The net margin for Silk Road Medical Inc stands at -0.29. The total capital return value is set at -0.25. Equity return is now at value -35.04, with -20.87 for asset returns.
Based on Silk Road Medical Inc (SILK), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at -0.45. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is -8.3.
Currently, EBITDA for the company is -55.48 million with net debt to EBITDA at -1.25. When we switch over and look at the enterprise to sales, we see a ratio of 6.26. The receivables turnover for the company is 6.82for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.05.
Conclusion
To sum up, Silk Road Medical Inc (SILK) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
