Establishment Labs Holdings Inc (NASDAQ:ESTA) shares, rose in value on Wednesday, November 20, with price up by 11.43% to the previous day’s close as strong demand from buyers drove the stock to $41.81.
Actively observing the price movement in the last trading, the stock closed the session at $37.52, falling within a range of $37.11 and $41.99. The value of beta (5-year monthly) was 1.208. Referring to stock’s 52-week performance, its high was $60.12, and the low was $21.25. On the whole, ESTA has fluctuated by -7.42% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
With the market capitalization of Establishment Labs Holdings Inc currently standing at about $1.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 166.21M, with a low estimate of 43.5M and a high estimate of 46.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 44.69M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ESTA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ESTA currently trading nearly -3.87% and -2.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.17, while the 7-day volatility ratio is showing 6.90% which for the 30-day chart, stands at 6.73%. Furthermore, Establishment Labs Holdings Inc (ESTA)’s beta value is 1.14, and its average true range (ATR) is 2.92.
A comparison of Establishment Labs Holdings Inc (ESTA) with its peers suggests the former has fared considerably weaker in the market. ESTA showed an intraday change of 11.43% in last session, and over the past year, it grew by 90.05%%.
Data on historical trading for Establishment Labs Holdings Inc (NASDAQ:ESTA) indicates that the trading volumes over the past 10 days have averaged 0.66 and over the past 3 months, they’ve averaged 416.92K. According to company’s latest data on outstanding shares, there are 26.09 million shares outstanding.
Nearly 10.76% of Establishment Labs Holdings Inc’s shares belong to company insiders and institutional investors own 102.56% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.12 million shares as on 2024-10-31, resulting in a short ratio of 10.82. According to the data, the short interest in Establishment Labs Holdings Inc (ESTA) stood at 2748.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 4.61 million. The stock has risen by 61.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ESTA stock heading into the next quarter.
