SI-BONE Inc (NASDAQ:SIBN) price on Friday, April 11, rose 0.91% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.37.
A look at the stock’s price movement, the close in the last trading session was $13.25, moving within a range at $12.895 and $13.76. The beta value (5-Year monthly) was 1.023. Turning to its 52-week performance, $19.16 and $11.70 were the 52-week high and 52-week low respectively. Overall, SIBN moved -9.11% over the past month.
SI-BONE Inc’s market cap currently stands at around $567.59 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-23.
Analysts have a consensus estimate of 45.13M for the company’s revenue for the quarter, with a low and high estimate of 44.5M and 45.82M respectively. The average forecast suggests up to a 19.18% 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 194.26M, representing a 16.20% 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 SIBN is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 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 2 analyst(s) rate the stock as a Hold, 5 recommend SIBN 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.
SIBN’s current price about -5.53% and -15.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.47, while 7-day volatility ratio is 9.52% and 5.30% in the 30-day chart. Further, SI-BONE Inc (SIBN) has a beta value of 0.82, and an average true range (ATR) of 0.86. Analysts have given the company’s stock an average 52-week price target of $18.5, forecast between a low of $18 and high of $25. Looking at the price targets, the low is -34.63% off current price level while to achieve the yearly target high, price needs to move -86.99%. Nonetheless, investors will most likely welcome a -38.37% jump to $18.5 which is the analysts’ median price.
If we refocus on SI-BONE Inc (NASDAQ:SIBN), historical trading data shows that trading volumes averaged 0.38 over the past 10 days and 394.73K over the past 3 months. The company’s latest data on shares outstanding shows there are 42.09 million shares.
The 13.50% of SI-BONE Inc’s shares are in the hands of company insiders while institutional holders own 89.49% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.77 million on 2025-03-14, giving us a short ratio of 3.4. The data shows that as of 2025-03-14 short interest in SI-BONE Inc (SIBN) stood at 473.00000000000006 of shares outstanding, with shares short rising to 1.07 million registered in 2025-02-14. Current price change has pushed the stock -4.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SIBN stock continues to rise going into the next quarter.
