Are Smart Investors Making the Right Decision? Staar Surgical Co. (STAA)

With 0.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.7 shares. During the session, the Medical Instruments & Supplies company that operates in wider Healthcare sector, reached to the highest price of $31.08 whereas the lowest price it dropped to was $29.93. The 52-week range on STAA shows that it touched its highest point at $74.10 and its lowest point at $26.66 during that stretch. It currently has a 1-year price target of $42.25. Beta for the stock currently stands at 0.82.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of STAA was up-trending over the past week, with a rise of 8.41%, but this was down by -9.48% over a month. Three-month performance dropped to -10.69% while six-month performance fell -31.61%. The stock lost -58.26% in the past year, while it has lost -3.36% so far this year. A look at the trailing 12-month EPS for STAA yields 0.39 with Next year EPS estimates of 0.91. For the next quarter, that number is 0.17. This implies an EPS growth rate of -14.76% for this year and -12.87% for next year.

Float and Shares Shorts:

At present, 48.82 million STAA shares are outstanding with a float of 48.30 million shares on hand for trading. On Jan 31, 2024, short shares totaled 6.58 million, which was 13.48% higher than short shares on Dec 29, 2023. In addition to Mr. Thomas G. Frinzi as the firm’s President, CEO & Chairman, Mr. Patrick F. Williams serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 110.33% of STAA’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for STAA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With STAA analysts setting a high price target of $53.00 and a low target of $30.00, the average target price over the next 12 months is $42.25. Based on these targets, STAA could surge 75.73% to reach the target high and fall by -0.53% to reach the target low. Reaching the average price target will result in a growth of 40.09% from current levels.

Summary of Insider Activity:

Insiders traded STAA stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 507 shares were bought while 0 shares were sold. The number of buy transactions has increased to 62 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 1,418,046 while 14,977 shares were sold.