Currently, there are 38.36M common shares owned by the public and among those 37.06M shares have been available to trade.
The company’s stock has a 5-day price change of 5.22% and 28.36% over the past three months. PEN shares are trading 11.04% year to date (YTD), with the 12-month market performance up to 2.51% higher. It has a 12-month low price of $148.00 and touched a high of $277.34 over the same period. PEN has an average intraday trading volume of 373.21K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.99%, 8.22%, and 26.89% respectively.
Institutional ownership of Penumbra Inc (NYSE: PEN) shares accounts for 92.58% of the company’s 38.36M shares outstanding.
It has a market capitalization of $10.12B and a beta (3y monthly) value of 0.53. The stock’s trailing 12-month PE ratio is 306.22, while the earnings-per-share (ttm) stands at $0.86. The company has a PEG of 11.06 and a Quick Ratio of 3.25 with the debt-to-equity ratio at 0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.21% over the week and 3.59% over the month.
Earnings per share for the fiscal year are expected to increase by 33.69%, and 36.16% over the next financial year. EPS should shrink at an annualized rate of 27.68% over the next five years, compared to 66.20% over the past 5-year period.
Looking at the support for the PEN, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on December 17, 2024, with the firm’s price target at $275. Wells Fargo coverage for the Penumbra Inc (PEN) stock in a research note released on December 11, 2024 offered a Overweight rating with a price target of $275. Stifel was of a view on September 18, 2024 that the stock is Buy, while Leerink Partners gave the stock Outperform rating on September 03, 2024, issuing a price target of $263. Wells Fargo on their part issued Equal Weight rating on July 31, 2024.
