STAAR Surgical Company (NASDAQ:STAA) went up by 0.26% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Medical Instruments & Supplies giant went up by $61.54 to trade ended Tuesday trading at $61.38. This is up from the $61.38 price recorded on Monday’s trading session. Thanks to this latest performance, STAA is closer to the higher price 52-week target of $58.00 and further from the lowest price target of $45.00. Its performance from the start of the year has also been positive, with STAA up by 74.98% year-to-date.
STAAR Surgical Company (STAA) started the day trading at $60.99 and recorded an intraday high of $61.97. It also recorded an intraday low of $59.92 during Tuesday’s trading session. STAAR Surgical Company is a very active stock that recorded a trading volume that is more than 20.55% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 684731, which is more than 20.55 of the total average daily trading volume of 544.04K.
STAAR Surgical Company (NASDAQ:STAA) 2020 Performance Impressive
The increase in STAA’s stock price on Tuesday 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 STAA currently stands at $61.73, which is higher than the current trading price of the stock by 0.31%. However, STAA’s current trading price is -165.26% lower than the 52-week low price of $23.20. In terms of trading volume, STAAR Surgical Company currently experienced healthy participation during the last trading session. 684731 shares of STAAR Surgical Company were traded on the stock exchange on Tuesday, which is more than 20.55% of the 544.04K average trading volume of the stock.
The performance of the stock has been positive over the past year. STAA’s performance over the past one year has seen it surge by 106.93%, while the stock has gone up by 74.19% in the last six months. The quarterly performance of STAA currently stands at 90.76%, and it is up by 54.90% in the last month. The only positive figure was from the weekly performance, which currently reads 6.71%. At the time of writing STAA’s report, the company has a total market cap of $2.85B, making it one of the largest publicly-traded companies in the world.STAAR Surgical Company also has over 550 employees all over the world.
STAA Insider Activities
For STAAR Surgical Company, insiders hold 96.90% of all company shares. The insider transactions over the past six months are up by 15.40%. During that period, insiders bought 506,206 shares in 39 transactions. In that same period, insiders sold 500,406 of their shares in 18 transactions. After these transactions, insiders at STAAR Surgical Company now hold 501.04k shares, which is over 98.61% of the total company stocks. Institutional investors currently hold a large chunk of the STAA shares, as they control 1.11% of the company’s total stock.
STAA Fundamental Analysis
For STAAR Surgical Company, the stock’s diluted earnings per share (EPS) stands at 0.27. In the coming year, analysts expect the EPS to be 0.48. The EPS growth will up over the next five years to 30.00% after surging by 27.40% in the previous five years. In terms of revenue, STAAR Surgical Company’s quarterly sales (YOY) is shrinking at -0.04, which is lower than the average annual revenue of 27.40% over the past half a decade.
The Return on Investment (ROI) on STAAR Surgical Company’s stock currently stands at 7.90%, and it has a net profit margin of 8.20%. The operating margin of the company is 6.10%, and its gross margin is 73.70%.
STAA Analysts Prediction
The Benchmark Company reiterate their Buy position on the stock ($45 and $54)
The Benchmark Company and The Benchmark Company also believe that STAAR Surgical Company’s stock is outperforming at the moment. STAA received a positive rating from The Benchmark Company, which set a price target of $12-$13 for the stock.
STAA Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of STAA currently stands at 27.38%, while the SMA50 is 45.92%. The biggest one is the SMA200, which is currently reading 74.42% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 78.77, while its price to earnings ratio (P/E) is 230.49.