SI-BONE Inc. (NASDAQ:SIBN) previous close was $30.94 while the outstanding shares total 32.69M. SIBN’s shares traded lower over the last trading session, losing -2.49% on 05/28/21. The shares fell to a low of $29.65 before closing at $30.17. Intraday shares traded counted 0.48 million, which was -66.75% lower than its 30-day average trading volume of 286.94K. The stock’s Relative Strength Index (RSI) is 38.13, with weekly volatility at 4.05% and ATR at 1.45. The SIBN stock’s 52-week price range has touched low of $14.43 and a $37.21 high.
Investors have identified the Medical Devices company SI-BONE Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.02 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
SI-BONE Inc. (SIBN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 208.11 million total, with 13.71 million as their total liabilities.
SIBN were able to record -11.34 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by -16.22 million. In cash movements, the company had a total of -9.36 million as operating cash flow.
Potential earnings growth for SI-BONE Inc. (SIBN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, SI-BONE Inc. recorded a total of 20.44 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 17.71% coming in sequential stages and their sales for the 08/10/2021 quarter reducing by -8.33%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.2 million trying to sell their products during the last quarter, with the result yielding a gross income of 18.24 million. This allows shareholders to hold on to 32.69M with the recently reported earning now reading -0.37 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (-0.37 cents a share).
Having a look at the company’s valuation, the company is expected to record -1.06 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SIBN sounds very interesting.
Is the stock of SIBN attractive?
In related news, Director, Freund John Gordon sold 17,138 shares of the company’s stock in a transaction that recorded on May 26. The sale was performed at an average price of 31.85, for a total value of 545,833. As the sale deal closes, the Director, Freund John Gordon now sold 1,696 shares of the company’s stock, valued at 55,197. Also, Director, Freund John Gordon sold 51,027 shares of the company’s stock in a deal that was recorded on May 24. The shares were price at an average price of 32.54 per share, with a total market value of 1,660,508. Following this completion of acquisition, the GC & Chief Compliance Officer, Pisetsky Michael A now holds 1,975 shares of the company’s stock, valued at 63,200. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.00%.
7 out of 7 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on SI-BONE Inc.. 0 analysts has assigned a Sell rating on the SIBN stock. The 12-month mean consensus price target for the company’s shares has been set at $41.71.