Insulet Corporation (NASDAQ:PODD) went up by 5.29% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Medical Devices giant went up by $199.52 to trade ended Friday trading at $189.50. This is up from the $189.5 price recorded on Thursday’s trading session. Thanks to this latest performance, PODD is closer to the higher price 52-week target of $250.00 and further from the lowest price target of $165.00. Its performance from the start of the year has also been positive, with PODD up by 16.54% year-to-date.
Insulet Corporation (PODD) started the day trading at $190.49 and recorded an intraday high of $199.61. It also recorded an intraday low of $190.02 during Friday’s trading session. Insulet Corporation is a very active stock that recorded a trading volume that is more than 35.91% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 927012, which is more than 35.91 of the total average daily trading volume of 594.13K.
Insulet Corporation (NASDAQ:PODD) 2020 Performance Impressive
The increase in PODD’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of PODD currently stands at $228.79, which is higher than the current trading price of the stock by 12.79%. However, PODD’s current trading price is -74.82% lower than the 52-week low price of $114.13. In terms of trading volume, Insulet Corporation currently experienced healthy participation during the last trading session. 927012 shares of Insulet Corporation were traded on the stock exchange on Friday, which is more than 35.91% of the 594.13K average trading volume of the stock.
The performance of the stock has been positive over the past year. PODD’s performance over the past one year has seen it surge by 66.89%, while the stock has gone up by 15.66% in the last six months. The quarterly performance of PODD currently stands at 39.92%, and it is up by 2.08% in the last month. The only positive figure was from the weekly performance, which currently reads 10.50%. At the time of writing PODD’s report, the company has a total market cap of $12.40B, making it one of the largest publicly-traded companies in the world.Insulet Corporation also has over 1350 employees all over the world.
PODD Insider Activities
For Insulet Corporation, insiders hold 98.50% of all company shares. The insider transactions over the past six months are up by 36.70%. During that period, insiders bought 110,709 shares in 23 transactions. In that same period, insiders sold 81,216 of their shares in 27 transactions. After these transactions, insiders at Insulet Corporation now hold 580.38k shares, which is over 108.10% of the total company stocks. Institutional investors currently hold a large chunk of the PODD shares, as they control 0.92% of the company’s total stock.
PODD Fundamental Analysis
For Insulet Corporation, the stock’s diluted earnings per share (EPS) stands at 0.08. In the coming year, analysts expect the EPS to be 1.17. The stock’s EPS growth this year is 245.00%, 17.30% in the previous five years. In terms of revenue, Insulet Corporation’s quarterly sales (YOY) is shrinking at 0.00, which is lower than the average annual revenue of 17.30% over the past half a decade.
The Return on Investment (ROI) on Insulet Corporation’s stock currently stands at 4.00%, and it has a net profit margin of 0.70%. The operating margin of the company is 5.30%, and its gross margin is 64.40%.
PODD Analysts Prediction
PODD received a positive rating from Canaccord Genuity, which set a price target of $135-$145 for the stock.
At the moment, Insulet Corporation’s Total Debt to Equity ratio stands at 15.24, and they have a long-term Debt to Equity ratio of 15.24.
PODD Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PODD currently stands at 8.11%, while the SMA50 is 3.28%. The biggest one is the SMA200, which is currently reading 12.70% ahead of Friday’s trading session. The Relative Strength Index of this stock is 58.30, while its price to earnings ratio (P/E) is 2463.21.