Staar Surgical Co (NASDAQ:STAA) price on Friday, June 13, fall -2.06% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.08.
A look at the stock’s price movement, the close in the last trading session was $17.44. Turning to its 52-week performance, $49.86 and $13.50 were the 52-week high and 52-week low respectively. Overall, STAA moved -2.01% over the past month.
Staar Surgical Co’s market cap currently stands at around $845.91 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 40.87M for the company’s revenue for the quarter, with a low and high estimate of 39.2M and 45M respectively. The average forecast suggests down to a -58.72% 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 255.2M, representing a -18.70% decline on that reported in the last financial year.
13 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, 11 recommend STAA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 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.
STAA’s current price about -5.07% and -4.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.35, while 7-day volatility ratio is 4.15% and 3.45% in the 30-day chart. Further, Staar Surgical Co (STAA) has a beta value of 0.61, and an average true range (ATR) of 0.97. Analysts have given the company’s stock an average 52-week price target of $48, forecast between a low of $45.03 and high of $85. Looking at the price targets, the low is -163.64% off current price level while to achieve the yearly target high, price needs to move -397.66%. Nonetheless, investors will most likely welcome a -181.03% jump to $48 which is the analysts’ median price.
If we refocus on Staar Surgical Co (NASDAQ:STAA), historical trading data shows that trading volumes averaged 911.36K over the past 3 months. The company’s latest data on shares outstanding shows there are 49.52 million shares.
The 0.74% of Staar Surgical Co’s shares are in the hands of company insiders while institutional holders own 107.82% of the company’s shares. Current price change has pushed the stock -29.68% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the STAA stock continues to rise going into the next quarter.
