Intuitive Surgical Inc (NASDAQ: ISRG): Forecast Strong In 2024, Up 30.80%

The trading price of Intuitive Surgical Inc (NASDAQ:ISRG) floating higher at last check on Wednesday, June 05, closing at $415.27, 2.13% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 74.93. In examining the 52-week price action we see that the stock hit a 52-week high of $412.29 and a 52-week low of $254.85. Over the past month, the stock has gained 8.41% in value.

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Intuitive Surgical Inc, whose market valuation is $147.30 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest ISRG has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 5.96, which symbolizes a positive outlook. A quick review shows that ISRG’s price is currently 4.83% off the SMA20 and 7.14% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.90, and weekly volatility stands at 2.43%. When measured over the past 30 days, the indicator reaches 1.97%. Intuitive Surgical Inc (NASDAQ:ISRG)’s beta value is currently sitting at 1.38, while the Average True Range indicator is currently displaying 8.85.

To see how Intuitive Surgical Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: ISRG stock’s performance was 2.13% at last check in today’s session, and 30.80% in the past year. Intuitive Surgical Inc has a P/E ratio of 74.93.

An evaluation of the daily trading volume of Intuitive Surgical Inc (NASDAQ:ISRG) indicates that the 3-month average is 1.38 million.

Currently, records show that 352.30 million of the company’s shares remain outstanding. The insiders hold 0.69% of outstanding shares, whereas institutions hold 86.19%. However, since the stock’s price has seen 23.09% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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