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Wednesday, December 6, 2023

Masimo Corp (NASDAQ: MASI) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Masimo Corp (MASI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.44, or -0.50%, to $87.81. The Masimo Corp has recorded 14,295 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Masimo to Present in Jefferies London Healthcare Conference.

Stocks Info

Masimo Corp is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Medical Devices industry. At the end of the last regular session, the stock closed at $88.25 and fluctuated between $89.00 as its day high and $86.94 as its day low. The current market capitalization of Masimo Corp is $4.66B. A total of 0.91 million shares were traded on the day, compared to an average of 994.23K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MASI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 6 SELLs from insiders. Insiders purchased 169,115 shares during that period but sold 82,450.

In the most recent transaction, KIANI JOE E bought 6,365 shares of MASI for 157.16 per share on May 25. After the transaction, the CEO and Chairman of the Board now owns 366,055 company shares. In a previous transaction on Dec 15, KIANI JOE E bought 7,040 shares at 144.79 per share. MASI shares that CEO and Chairman of the Board owns now total 46,818.

Among the insiders who bought shares, KIANI JOE E acquired of 31,994 shares on Nov 14 at a per-share price of $123.99. This resulted in the CEO and Chairman of the Board holding 39,778 shares of MASI after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MASI in the last 3 months, the mean price target is $98.25 with high estimates of $142.00 and low estimates of $70.00. In terms of 52-week highs and lows, MASI has a high of $198.00 and a low of $75.22.

As of this writing, MASI has an earnings estimate of $0.87 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.37 per share and a lower estimate of $0.73. The company reported an EPS of $0.62 in the last quarter, which was 10.70% higher than expectations of $0.56.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MASI’s latest balance sheet shows that the firm has $745.25M in Cash & Short Term Investments as of fiscal 2021. There were $32.66M in debt and $267.74M in liabilities at the time. Its Book Value Per Share was $24.16, while its Total Shareholder’s Equity was $1.55B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MASI is Buy with a score of 3.71.

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