Insulet Corporation (NASDAQ:PODD) shares, rose in value, with the stock price up by 1.23% to the previous day’s close as strong demand from buyers drove the stock to $166.19.
Actively observing the price movement in the last trading, the stock closed the session at $164.17. The PE ratio was 57.06 over 12-month period. Referring to stock’s 52-week performance, its high was $335.91, and the low was $125.82. On the whole, PODD has fluctuated by -1.77% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.96B, with a low estimate of 419.8M and a high estimate of 434M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 424.05M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PODD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.15, with the price of PODD currently trading nearly -1.78% and -3.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.00, while the 7-day volatility ratio is showing 2.79% which for the 30-day chart, stands at 3.07%. Furthermore, Insulet Corporation (PODD)’s beta value is 1.01, and its average true range (ATR) is 5.56.
A comparison of Insulet Corporation (PODD) with its peers suggests the former has fared considerably weaker in the market. PODD showed an intraday change of 1.23% in last session, and over the past year, it shrunk by -47.52%%.
Data on historical trading for Insulet Corporation (NASDAQ:PODD) indicates that the trading volumes over the past 3 months, they’ve averaged 868.51K. According to company’s latest data on outstanding shares, there are 69.91 million shares outstanding.
Nearly 0.78% of Insulet Corporation’s shares belong to company insiders and institutional investors own 103.11% of the company’s shares. The stock has fallen by -23.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PODD stock heading into the next quarter.
