Establishment Labs Holdings Inc (NASDAQ:ESTA) price on Thursday, February 27, rose 17.94% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $42.53.
A look at the stock’s price movement, the close in the last trading session was $36.06. Turning to its 52-week performance, $60.12 and $28.16 were the 52-week high and 52-week low respectively. Overall, ESTA moved 28.88% over the past month.
Establishment Labs Holdings Inc’s market cap currently stands at around $1.22 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 41.39M for the company’s revenue for the quarter, with a low and high estimate of 40M and 43.7M respectively. The average forecast suggests up to a 11.35% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 207.25M, representing a 24.83% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ESTA is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend ESTA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ESTA’s current price about 27.76% and 13.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.00, while 7-day volatility ratio is 9.54% and 6.96% in the 30-day chart. Further, Establishment Labs Holdings Inc (ESTA) has a beta value of 0.99, and an average true range (ATR) of 2.72. Analysts have given the company’s stock an average 52-week price target of $78.5, forecast between a low of $45 and high of $110. Looking at the price targets, the low is -5.81% off current price level while to achieve the yearly target high, price needs to move -158.64%. Nonetheless, investors will most likely welcome a -84.58% jump to $78.5 which is the analysts’ median price.
If we refocus on Establishment Labs Holdings Inc (NASDAQ:ESTA), historical trading data shows that trading volumes averaged 536.96K over the past 3 months. The company’s latest data on shares outstanding shows there are 28.76 million shares.
The 10.18% of Establishment Labs Holdings Inc’s shares are in the hands of company insiders while institutional holders own 99.59% of the company’s shares. Current price change has pushed the stock -7.68% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ESTA stock continues to rise going into the next quarter.
