In the past week, PEN stock has gone up by 8.79%, with a monthly gain of 9.02% and a quarterly surge of 8.68%. The volatility ratio for the week is 2.59%, and the volatility levels for the last 30 days are 5.41% for Penumbra Inc The simple moving average for the past 20 days is 15.44% for PEN’s stock, with a -4.33% simple moving average for the past 200 days.
Is It Worth Investing in Penumbra Inc (NYSE: PEN) Right Now?
The price-to-earnings ratio for Penumbra Inc (NYSE: PEN) is above average at 605.29x. The 36-month beta value for PEN is also noteworthy at 0.53. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PEN is 37.44M, and at present, short sellers hold a 6.11% of that float. The average trading volume of PEN on August 23, 2024 was 445.41K shares.
PEN) stock’s latest price update
Penumbra Inc (NYSE: PEN) has seen a rise in its stock price by 4.90 in relation to its previous close of 197.57. However, the company has experienced a 8.79% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-21 that ALAMEDA, Calif., Aug. 21, 2024 /PRNewswire/ — Penumbra, Inc. (NYSE: PEN) today announced that its management team is scheduled to present at the Wells Fargo Healthcare Conference on Wednesday, September 4, 2024.
Analysts’ Opinion of PEN
Many brokerage firms have already submitted their reports for PEN stocks, with Wells Fargo repeating the rating for PEN by listing it as a “Equal Weight.” The predicted price for PEN in the upcoming period, according to Wells Fargo is $150 based on the research report published on July 31, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see PEN reach a price target of $178, previously predicting the price at $165. The rating they have provided for PEN stocks is “Neutral” according to the report published on July 31st, 2024.
JP Morgan gave a rating of “Neutral” to PEN, setting the target price at $250 in the report published on February 23rd of the current year.
PEN Trading at 13.70% from the 50-Day Moving Average
After a stumble in the market that brought PEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.37% of loss for the given period.
Volatility was left at 5.41%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares surge +15.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.28% upper at present.
During the last 5 trading sessions, PEN rose by +7.99%, which changed the moving average for the period of 200-days by +3.54% in comparison to the 20-day moving average, which settled at $180.90. In addition, Penumbra Inc saw -17.61% 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 PEN starting from Adam Elsesser, who proposed sale 60,000 shares at the price of $195.21 back on Aug 22 ’24. After this action, Adam Elsesser now owns shares of Penumbra Inc, valued at $11,712,600 using the latest closing price.
Roberts Johanna, the EVP, Gen. Counsel & Secretary of Penumbra Inc, sale 600 shares at $175.98 during a trade that took place back on Aug 13 ’24, which means that Roberts Johanna is holding 61,688 shares at $105,587 based on the most recent closing price.
Stock Fundamentals for PEN
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.62 for the gross margin
The net margin for Penumbra Inc stands at 0.01. The total capital return value is set at 0.04. Equity return is now at value 1.28, with 0.96 for asset returns.
Based on Penumbra Inc (PEN), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.56. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 13.11.
Currently, EBITDA for the company is 126.86 million with net debt to EBITDA at -0.54. When we switch over and look at the enterprise to sales, we see a ratio of 7.05. The receivables turnover for the company is 5.64for 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 6.25.
Conclusion
In summary, Penumbra Inc (PEN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
