BTIG Research raised the price target for the STAAR Surgical Company (NASDAQ:STAA) stock from “a Buy” to “a Neutral”. The rating was released on February 06, 2023, according to finviz. We previously noted in another research note published on December 28, 2022 by BTIG Research that reiterated the stock to a Buy with a price target of $67 for STAA stock. The research report from Stifel has initiated the stock to Hold, with a price target set at $60. In their research brief published October 14, 2022, Stephens analysts resumed the STAAR Surgical Company stock to Overweight with a price target of $91.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of STAAR Surgical Company (NASDAQ:STAA) raised 1.21% to close Thursday’s market session at $61.98, higher as compared to yesterday’s close. The stock price fluctuated between $60.275 and $62.90 throughout the trading session with the volume trading being 786588 shares, which represented a significant variation when compared to the three months average volume of 824.93K shares. The firm’s stock price fluctuated 1.62% within the last five trades and -11.34% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -33.74% in the last 6 months and 0.15% was added to its value over the previous 3 months. STAA stock is trading at a margin of 1.59%, -5.93% and -13.25% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, STAA deals in the Healthcare domain. The stock is trading -44.79 percent below its 52-week high and 33.71 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -29.7. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does STAAR Surgical Company’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 15.40 percent and the profit margin is 13.60 percent, and the company has reported a gross margin of 78.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.22 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for STAAR Surgical Company (NASDAQ:STAA) is 78.96. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 49.31. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 11.32 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 9.00, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of STAAR Surgical Company shares are owned by insiders, and 99.09 percent are held by financial institutions. BROADWOOD PARTNERS, L.P., the 10% Owner at STAAR Surgical Company (STAA) has bought 39,090 shares of firm on Dec 29 at a price of $47.93 against the total amount of $1.87 million. In another inside trade, BROADWOOD PARTNERS, L.P., 10% Owner of STAAR Surgical Company (NASDAQ:STAA) bought 100,000 shares of the firm on Dec 28 for a total worth of $4.7 million at a price of $46.98. An inside trade which took place on Dec 27, 10% Owner of STAAR Surgical Company BROADWOOD PARTNERS, L.P. bought 51,985 shares of firm against total price of $2.49 million at the cost of $47.91 per share.