Company’s 36-month beta value is 1.24.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SIBN is 36.72M, and currently, short sellers hold a 4.40% ratio of that floaft. The average trading volume of SIBN on November 14, 2024 was 345.86K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
SIBN) stock’s latest price update
The stock price of SI-BONE Inc (NASDAQ: SIBN) has dropped by -15.93 compared to previous close of 15.63. Despite this, the company has seen a fall of -18.13% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-12 that SI-BONE, Inc. (NASDAQ:SIBN ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Saqib Iqbal – Senior Director of Investor Relations Laura Francis – Chief Executive Officer Anshul Maheshwari – Chief Financial Officer Conference Call Participants Craig Bijou – BofA Securities Young Li – Jefferies Drew Ranieri – Morgan Stanley Caitlin Cronin – Canaccord Richard Newitter – Truist Securities Operator Good afternoon, and welcome to SI-BONE’s Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
SIBN’s Market Performance
SIBN’s stock has fallen by -18.13% in the past week, with a monthly drop of 0.00% and a quarterly drop of -6.34%. The volatility ratio for the week is 5.75% while the volatility levels for the last 30 days are 5.46% for SI-BONE Inc The simple moving average for the past 20 days is -4.65% for SIBN’s stock, with a -13.95% simple moving average for the past 200 days.
Analysts’ Opinion of SIBN
Many brokerage firms have already submitted their reports for SIBN stocks, with Needham repeating the rating for SIBN by listing it as a “Buy.” The predicted price for SIBN in the upcoming period, according to Needham is $19 based on the research report published on August 06, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see SIBN reach a price target of $25. The rating they have provided for SIBN stocks is “Overweight” according to the report published on March 28th, 2024.
Jefferies gave a rating of “Buy” to SIBN, setting the target price at $20 in the report published on October 12th of the previous year.
SIBN Trading at -7.07% from the 50-Day Moving Average
After a stumble in the market that brought SIBN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.45% of loss for the given period.
Volatility was left at 5.46%, however, over the last 30 days, the volatility rate increased by 5.75%, as shares sank -0.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.19% lower at present.
During the last 5 trading sessions, SIBN fell by -18.13%, which changed the moving average for the period of 200-days by -35.24% in comparison to the 20-day moving average, which settled at $13.78. In addition, SI-BONE Inc saw -37.40% 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 SIBN starting from DUNN JEFFREY W, who sale 341 shares at the price of $13.55 back on Nov 04 ’24. After this action, DUNN JEFFREY W now owns 22,040 shares of SI-BONE Inc, valued at $4,621 using the latest closing price.
RECUPERO ANTHONY J, the President, Commercial Ops of SI-BONE Inc, sale 3,305 shares at $13.58 during a trade that took place back on Oct 02 ’24, which means that RECUPERO ANTHONY J is holding 233,412 shares at $44,877 based on the most recent closing price.
Stock Fundamentals for SIBN
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.78 for the gross margin
The net margin for SI-BONE Inc stands at -0.24. The total capital return value is set at -0.21. Equity return is now at value -22.09, with -16.34 for asset returns.
Based on SI-BONE Inc (SIBN), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at -0.41. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is -23.92.
Currently, EBITDA for the company is -34.45 million with net debt to EBITDA at -0.26. When we switch over and look at the enterprise to sales, we see a ratio of 3.54. The receivables turnover for the company is 6.3for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.25.
Conclusion
In a nutshell, SI-BONE Inc (SIBN) has experienced a bad performance in recent times. The stock has received mixed “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.
