Stocks of Staar Surgical Co (NASDAQ:STAA) traded higher last session on Wall Street, up 0.43% to $28.18.
STAA stock price is now -8.14% away from the 50-day moving average and -24.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1.39B.
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With the price target reduced from $50 to $37, Morgan Stanley Downgraded its rating from Equal-Weight to Underweight for Staar Surgical Co (NASDAQ: STAA). On June 11, 2024, BTIG Research Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $46, while ‘Stifel’ rates the stock as ‘Buy’
In other news, Butcher Arthur C, Director bought 1,315 shares of the company’s stock on Aug 12 ’24. The stock was bought for $49,957 at an average price of $37.99. Upon completion of the transaction, the Director now directly owns 4,208 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, 10% Owner BROADWOOD PARTNERS, L.P. bought 1 shares of the business’s stock. A total of $43 was incurred on buying the stock at an average price of $42.56. This leaves the insider owning 10,768,431 shares of the company worth $303.45 million. A total of 0.65% of the company’s stock is owned by insiders.
During the past 12 months, Staar Surgical Co has had a low of $25.88 and a high of $52.68. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 5.99, and a quick ratio of 5.38. According to the stock market information, the enterprise value for the company is $1192185216, which is based on a 64.32 price-to-earnings ratio, a 2.14 price-to-earnings-growth ratio, and a beta of 0.58. The fifty day moving average price for STAA is $30.7398 and a two-hundred day moving average price translates $37.49935 for the stock.
The latest earnings results from Staar Surgical Co (NASDAQ: STAA) was released for 2024-09-27. The net profit margin was 6.38% and return on equity was 5.40% for STAA. The company reported revenue of $88.59 million for the quarter, compared to $80.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.31 percent.
