The stock price of Establishment Labs Holdings Inc (NASDAQ: ESTA) has surged by 11.43 when compared to previous closing price of 37.52, but the company has seen a 6.33% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-09 that Establishment Labs Holdings Inc. (NASDAQ:ESTA ) Q3 2024 Earnings Call Transcript November 7, 2024 4:30 PM ET Company Participants Rajbir Denhoy – Chief Financial Officer Juan Jose – CEO and Founder Conference Call Participants Allen Gong – JPMorgan Matt Taylor – Jefferies Sam Eiber – BTIG Anthony Pettinari – Citi Josh Jennings – TD Cowen Anthony Petrone – Mizuho Group Operator Good afternoon. Welcome to Establishment Labs Third Quarter 2024 Earnings Conference Call.
Is It Worth Investing in Establishment Labs Holdings Inc (NASDAQ: ESTA) Right Now?
The 36-month beta value for ESTA is at 1.14. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ESTA is 23.03M, and currently, shorts hold a 22.24% of that float. The average trading volume for ESTA on November 21, 2024 was 416.92K shares.
ESTA’s Market Performance
ESTA’s stock has seen a 6.33% increase for the week, with a -7.42% drop in the past month and a -3.51% fall in the past quarter. The volatility ratio for the week is 6.90%, and the volatility levels for the past 30 days are at 6.73% for Establishment Labs Holdings Inc The simple moving average for the past 20 days is -3.87% for ESTA’s stock, with a -8.82% 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 -2.69% 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 -30.46% of loss for the given period.
Volatility was left at 6.73%, however, over the last 30 days, the volatility rate increased by 6.90%, as shares sank -7.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.00% upper at present.
During the last 5 trading sessions, ESTA rose by +6.33%, which changed the moving average for the period of 200-days by +9.39% in comparison to the 20-day moving average, which settled at $43.49. In addition, Establishment Labs Holdings Inc saw 61.49% 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:
- -0.35 for the present operating margin
- 0.65 for the gross margin
The net margin for Establishment Labs Holdings Inc stands at -0.46. The total capital return value is set at -0.23. Equity return is now at value -223.45, with -25.53 for asset returns.
Based on Establishment Labs Holdings Inc (ESTA), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -12.01. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -2.78.
Currently, EBITDA for the company is -58.31 million with net debt to EBITDA at 0.78. When we switch over and look at the enterprise to sales, we see a ratio of 7.62. The receivables turnover for the company is 2.28for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.62.
Conclusion
In conclusion, Establishment Labs Holdings Inc (ESTA) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
