Better Times Ahead For Silk Road Medical Inc (NASDAQ: SILK)?

Silk Road Medical Inc (SILK) concluded trading on Thursday at a closing price of $27.11, with 5.07 million shares of worth about $137.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 68.39% during that period and on August 08, 2024 the price saw a gain of about 0.18%. Currently the company’s common shares owned by public are about 39.17M shares, out of which, 36.80M shares are available for trading.

Stock saw a price change of 0.22% in past 5 days and over the past one month there was a price change of 0.22%. Year-to-date (YTD), SILK shares are showing a performance of 120.95% which increased to 34.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.08 but also hit the highest price of $27.19 during that period. The average intraday trading volume for Silk Road Medical Inc shares is 1.68 million. The stock is currently trading 0.21% above its 20-day simple moving average (SMA20), while that difference is up 6.96% for SMA50 and it goes to 57.40% higher than SMA200.

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Silk Road Medical Inc (NASDAQ: SILK) currently have 39.17M outstanding shares and institutions hold larger chunk of about 84.12% of that.

The stock has a current market capitalization of $1.10B and its 3Y-monthly beta is at 1.49. It has posted earnings per share of -$1.44 in the same period. It has Quick Ratio of 6.69 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SILK, volatility over the week remained 0.71% while standing at 0.42% over the month.

Stock’s fiscal year EPS is expected to rise by 3.54% while it is estimated to increase by 5.76% in next year. EPS is likely to grow at an annualized rate of 1.60% for next 5-years, compared to annual growth of -3.21% made by the stock over the past 5-years.

Coverage by Argus stated Silk Road Medical Inc (SILK) stock as a Buy in their note to investors on March 07, 2024, suggesting a price target of $24 for the stock. On January 19, 2024, Stifel Upgrade their recommendations, while on January 03, 2024, Lake Street Initiated their ratings for the stock with a price target of $20. Stock get a Peer perform rating from Wolfe Research on October 24, 2023.

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