Masimo Corp (NASDAQ:MASI) price on Friday, June 13, fall -2.50% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $161.20.
A look at the stock’s price movement, the close in the last trading session was $165.34. Turning to its 52-week performance, $194.88 and $101.61 were the 52-week high and 52-week low respectively. Overall, MASI moved 5.26% over the past month.
Masimo Corp’s market cap currently stands at around $8.74 billion, with investors looking forward to this quarter’s earnings report slated for in July.
11 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, 8 recommend MASI 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.
MASI’s current price about 0.43% and 1.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.18, while 7-day volatility ratio is 0.94% and 2.21% in the 30-day chart. Further, Masimo Corp (MASI) has a beta value of 1.19, and an average true range (ATR) of 5.56. Analysts have given the company’s stock an average 52-week price target of $201.5, forecast between a low of $193 and high of $210. Looking at the price targets, the low is -19.73% off current price level while to achieve the yearly target high, price needs to move -30.27%. Nonetheless, investors will most likely welcome a -25.0% jump to $201.5 which is the analysts’ median price.
If we refocus on Masimo Corp (NASDAQ:MASI), historical trading data shows that trading volumes averaged 652.52K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.20 million shares.
The 7.87% of Masimo Corp’s shares are in the hands of company insiders while institutional holders own 100.86% of the company’s shares. Current price change has pushed the stock -2.48% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MASI stock continues to rise going into the next quarter.
