Masimo Corp (MASI) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 1.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.6 million shares. The 52-week range on MASI shows that it touched its highest point at $194.88 and its lowest point at $101.61 during that stretch. It currently has a 1-year price target of $183.71. Beta for the stock currently stands at 1.21.

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 MASI was down-trending over the past week, with a drop of -6.74%, but this was down by -0.17% over a month. Three-month performance dropped to -15.64% while six-month performance rose 4.08%. The stock gained 9.57% in the past year, while it has lost -9.19% so far this year. A look at the trailing 12-month EPS for MASI yields -9.21 with Next year EPS estimates of 5.41. For the next quarter, that number is 1.22. This implies an EPS growth rate of 13.08% for this year and 8.73% for next year.

Float and Shares Shorts:

At present, 54.20 million MASI shares are outstanding with a float of 49.78 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MASI since 11 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.09331 being high and $3.99348 being low. For MASI, this leads to a yearly average estimate of $4.03341.