Establishment Labs Holdings Inc (NASDAQ:ESTA) price on Friday, June 13, rose 0.86% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $37.44.
A look at the stock’s price movement, the close in the last trading session was $37.12. Turning to its 52-week performance, $52.41 and $26.56 were the 52-week high and 52-week low respectively. Overall, ESTA moved 2.69% over the past month.
Establishment Labs Holdings Inc’s market cap currently stands at around $1.08 billion, with investors looking forward to this quarter’s earnings report slated for in July.
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 1.71% and 10.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.59, while 7-day volatility ratio is 2.21% and 2.79% in the 30-day chart. Further, Establishment Labs Holdings Inc (ESTA) has a beta value of 0.75, and an average true range (ATR) of 1.85. 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 -20.19% off current price level while to achieve the yearly target high, price needs to move -193.8%. Nonetheless, investors will most likely welcome a -109.67% 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 499.31K over the past 3 months. The company’s latest data on shares outstanding shows there are 28.91 million shares.
The 9.78% of Establishment Labs Holdings Inc’s shares are in the hands of company insiders while institutional holders own 100.94% of the company’s shares. Current price change has pushed the stock -18.73% 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.
