Staar Surgical Co (NASDAQ:STAA) shares, rose in value, with the stock price down by -3.01% to the previous day’s close as strong demand from buyers drove the stock to $15.98.
Actively observing the price movement in the recent trading, the stock is buoying the session at $16.48, falling within a range of $15.89 and $16.6731. The value of beta (5-year monthly) is 0.615. Referring to stock’s 52-week performance, its high was $52.68, and the low was $13.50. On the whole, STAA has fluctuated by -26.17% over the past month.
With the market capitalization of Staar Surgical Co currently standing at about $787.61 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 269.8M, with a low estimate of 39.7M and a high estimate of 84M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 44.29M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STAA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell 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 STAA currently trading nearly -29.36% and -32.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 20.90, while the 7-day volatility ratio is showing 8.73% which for the 30-day chart, stands at 5.36%. Furthermore, Staar Surgical Co (STAA)’s beta value is 0.64, and its average true range (ATR) is 1.56.
A comparison of Staar Surgical Co (STAA) with its peers suggests the former has fared considerably weaker in the market. STAA showed an intraday change of -3.01% in today’s session so far, and over the past year, it shrunk by -49.00%%.
Data on historical trading for Staar Surgical Co (NASDAQ:STAA) indicates that the trading volumes over the past 10 days have averaged 1.28 and over the past 3 months, they’ve averaged 734.01K. According to company’s latest data on outstanding shares, there are 49.28 million shares outstanding.
Nearly 0.70% of Staar Surgical Co’s shares belong to company insiders and institutional investors own 100.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.94 million shares as on 2025-01-31, resulting in a short ratio of 5.67. According to the data, the short interest in Staar Surgical Co (STAA) stood at 1595.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 3.54 million. The stock has fallen by -34.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STAA stock heading into the next quarter.
