Establishment Labs Holdings Inc (NASDAQ:ESTA) Stock Jumped 86.21% Year-To-Date, What Analysts Expect Next?

In recent trading session, Establishment Labs Holdings Inc (NASDAQ:ESTA) saw 1.15 million shares changing hands at last check today with its beta currently measuring 1.20. Company’s recent per share price level of $48.21 trading at $7.02 or 17.03% at last check today assigns it a market valuation of $1.24B. That most recent trading price of ESTA’s stock is at a discount of -24.7% from its 52-week high price of $60.12 and is indicating a premium of 64.82% from its 52-week low price of $16.96. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.21 million shares which gives us an average trading volume of 264.48K if we extend that period to 3-months.

For Establishment Labs Holdings Inc (ESTA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.61 in the current quarter.

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Establishment Labs Holdings Inc (NASDAQ:ESTA) trade information

Establishment Labs Holdings Inc’s shares saw a change of 86.21% in year-to-date performance and have moved 13.57% in past 5-day. Establishment Labs Holdings Inc (NASDAQ:ESTA) showed a performance of 4.37% in past 30-days. Number of shares sold short was 4.52 million shares which calculate 27.28 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 78.5 to the stock, which implies a rise of 38.59% to its recent value today. Analysts have been projecting 45 as a low price target for the stock while placing it at a high target of 110. It follows that stock’s current price would jump 6.66% in reaching the projected high whereas dropping to the targeted low would mean a gain of 6.66% for stock’s current value.

Establishment Labs Holdings Inc (ESTA) estimates and forecasts

Statistics highlight that Establishment Labs Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -5.28% of value to its shares in past 6 months, showing an annual growth rate of 28.34% while that of industry is 7.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 6.00% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 40.34M for the same. And 5 analysts are in estimates of company making revenue of 53.59M in the next quarter. Company posted 40.49M and 31.56M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -20.32% during past 5 years.

Establishment Labs Holdings Inc (NASDAQ:ESTA)’s Major holders

Insiders are in possession of 11.29% of company’s total shares while institution are holding 90.22 percent of that, with stock having share float percentage of 101.70%. Investors also watch the number of corporate investors in a company very closely, which is 90.22% institutions for Establishment Labs Holdings Inc that are currently holding shares of the company. JW ASSET MANAGEMENT, LLC is the top institutional holder at ESTA for having 3.19 million shares of worth $145.07 million. And as of 2024-06-30, it was holding 11.4887 of the company’s outstanding shares.

The second largest institutional holder is RTW INVESTMENTS, LP, which was holding about 2.68 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.6289 of outstanding shares, having a total worth of $121.58 million.

The later fund manager was in possession of 526.86 shares on Aug 31, 2024, making its stake of worth around $25.8 million in the company or a holder of 1.89% of company’s stock.