The stock of Establishment Labs Holdings Inc (NASDAQ: ESTA) has increased by 14.19 when compared to last closing price of 41.19.Despite this, the company has seen a gain of 10.81% in its stock price over the last five trading days. businesswire.com reported 2024-09-26 that NEW YORK–(BUSINESS WIRE)–Establishment Labs Holdings Inc. (NASDAQ: ESTA), a global medical technology company dedicated to improving women’s health and wellness, principally in breast aesthetics and reconstruction, announced it has received approval from the U.S. Food and Drug Administration (FDA) for the use of Motiva® SmoothSilk® Ergonomix® and Motiva® SmoothSilk® Round breast implants in primary and revision breast augmentation. “Today’s approval is transformative for breast aesthetics in.
Is It Worth Investing in Establishment Labs Holdings Inc (NASDAQ: ESTA) Right Now?
The stock has a 36-month beta value of 1.20. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ESTA is 22.80M, and at present, short sellers hold a 19.82% of that float. On September 30, 2024, the average trading volume of ESTA was 264.48K shares.
ESTA’s Market Performance
The stock of Establishment Labs Holdings Inc (ESTA) has seen a 10.81% increase in the past week, with a 1.84% rise in the past month, and a 3.52% gain in the past quarter. The volatility ratio for the week is 5.49%, and the volatility levels for the past 30 days are at 5.56% for ESTA. The simple moving average for the past 20 days is 10.82% for ESTA’s stock, with a 8.37% simple moving average for the past 200 days.
Analysts’ Opinion of ESTA
Many brokerage firms have already submitted their reports for ESTA stocks, with Citigroup repeating the rating for ESTA by listing it as a “Neutral.” The predicted price for ESTA in the upcoming period, according to Citigroup is $60 based on the research report published on May 22, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see ESTA reach a price target of $75. The rating they have provided for ESTA stocks is “Overweight” according to the report published on August 31st, 2023.
Citigroup gave a rating of “Buy” to ESTA, setting the target price at $79 in the report published on June 29th of the previous year.
ESTA Trading at 9.19% 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 -21.76% of loss for the given period.
Volatility was left at 5.56%, however, over the last 30 days, the volatility rate increased by 5.49%, as shares surge +5.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.29% upper at present.
During the last 5 trading sessions, ESTA rose by +10.81%, which changed the moving average for the period of 200-days by +104.97% in comparison to the 20-day moving average, which settled at $42.57. In addition, Establishment Labs Holdings Inc saw 81.69% 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 Chacon Quiros Juan Jose, who sale 3,641 shares at the price of $45.04 back on Jul 11 ’24. After this action, Chacon Quiros Juan Jose now owns 210,735 shares of Establishment Labs Holdings Inc, valued at $163,989 using the latest closing price.
Chacon Quiros Juan Jose, the Chief Executive Officer of Establishment Labs Holdings Inc, sale 3,866 shares at $45.01 during a trade that took place back on Jul 08 ’24, which means that Chacon Quiros Juan Jose is holding 215,030 shares at $174,012 based on the most recent closing price.
Stock Fundamentals for ESTA
Current profitability levels for the company are sitting at:
- -0.41 for the present operating margin
- 0.66 for the gross margin
The net margin for Establishment Labs Holdings Inc stands at -0.55. The total capital return value is set at -0.25. Equity return is now at value -166.58, with -29.17 for asset returns.
Based on Establishment Labs Holdings Inc (ESTA), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at -0.33. The debt to equity ratio resting at 4.32. The interest coverage ratio of the stock is -6.0.
Currently, EBITDA for the company is -60.14 million with net debt to EBITDA at -2.4. When we switch over and look at the enterprise to sales, we see a ratio of 9.66. The receivables turnover for the company is 2.52for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.44.
Conclusion
To sum up, Establishment Labs Holdings Inc (ESTA) 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’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.
