The stock price of Masimo Corp (NASDAQ: MASI) has jumped by 10.60 compared to previous close of 151.56. Despite this, the company has seen a gain of 17.31% in its stock price over the last five trading days. zacks.com reported 2024-11-06 that MAMO sees a 30.7% increase in non-GAAP operating income in Q3 2024. Healthcare segment revenues increase 11.5%, driving overall growth amid strategic shifts.
Is It Worth Investing in Masimo Corp (NASDAQ: MASI) Right Now?
The price-to-earnings ratio for Masimo Corp (NASDAQ: MASI) is above average at 115.09x. The 36-month beta value for MASI is also noteworthy at 0.97. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MASI is 49.18M, and at present, short sellers hold a 7.28% of that float. The average trading volume of MASI on November 07, 2024 was 701.70K shares.
MASI’s Market Performance
The stock of Masimo Corp (MASI) has seen a 17.31% increase in the past week, with a 19.79% rise in the past month, and a 31.02% gain in the past quarter. The volatility ratio for the week is 4.85%, and the volatility levels for the past 30 days are at 3.21% for MASI. The simple moving average for the past 20 days is 15.91% for MASI’s stock, with a 30.57% simple moving average for the past 200 days.
Analysts’ Opinion of MASI
Piper Sandler, on the other hand, stated in their research note that they expect to see MASI reach a price target of $160, previously predicting the price at $126. The rating they have provided for MASI stocks is “Overweight” according to the report published on June 03rd, 2024.
Stifel gave a rating of “Buy” to MASI, setting the target price at $170 in the report published on April 15th of the current year.
MASI Trading at 27.26% from the 50-Day Moving Average
After a stumble in the market that brought MASI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 8.90% of gains for the given period.
Volatility was left at 3.21%, however, over the last 30 days, the volatility rate increased by 4.85%, as shares surge +16.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.84% upper at present.
During the last 5 trading sessions, MASI rose by +17.31%, which changed the moving average for the period of 200-days by +34.10% in comparison to the 20-day moving average, which settled at $144.62. In addition, Masimo Corp saw 43.02% 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 MASI starting from REYNOLDS CRAIG B, who sale 40,000 shares at the price of $136.17 back on Apr 26 ’24. After this action, REYNOLDS CRAIG B now owns 7,406 shares of Masimo Corp, valued at $5,446,616 using the latest closing price.
Stock Fundamentals for MASI
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.5 for the gross margin
The net margin for Masimo Corp stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 5.75, with 2.59 for asset returns.
Based on Masimo Corp (MASI), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 11.4.
Currently, EBITDA for the company is 262.6 million with net debt to EBITDA at 4.13. When we switch over and look at the enterprise to sales, we see a ratio of 4.67. The receivables turnover for the company is 4.13for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.01.
Conclusion
In summary, Masimo Corp (MASI) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
