A significant driver of top-line growth: Silk Road Medical Inc (SILK)

With 0.5 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.89 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $17.79 whereas the lowest price it dropped to was $17.30. The 52-week range on SILK shows that it touched its highest point at $46.57 and its lowest point at $6.08 during that stretch. It currently has a 1-year price target of $20.00. Beta for the stock currently stands at 1.48.

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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 SILK was down-trending over the past week, with a drop of -5.43%, but this was up by 1.51% over a month. Three-month performance surged to 42.05% while six-month performance rose 16.28%. The stock lost -55.23% in the past year, while it has gained 42.05% so far this year. A look at the trailing 12-month EPS for SILK yields -1.44 with Next year EPS estimates of -1.30. For the next quarter, that number is -0.40. This implies an EPS growth rate of 3.26% for this year and 6.75% for next year. EPS is expected to grow by 16.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -3.21%.

Float and Shares Shorts:

At present, 39.17 million SILK shares are outstanding with a float of 36.56 million shares on hand for trading. On Mar 15, 2024, short shares totaled 3.72 million, which was 9.50% higher than short shares on Feb 15, 2024.

Institutional Ownership:

Through their ownership of 105.31% of SILK’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 SILK 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.

Dividends & Yield:

In terms of dividends, SILK has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and SILK currently yields $0.00. In the past year, SILK’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, SILK has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.