In the last trading session, 1.99 million Establishment Labs Holdings Inc (NASDAQ:ESTA) shares changed hands as the company’s beta touched 1.18. With the company’s per share price at $33.15 changed hands at -$0.56 or -1.66% during last session, the market valuation stood at $953.51M. ESTA’s last price was a discount, traded about -81.36% off its 52-week high of $60.12. The share price had its 52-week low at $30.20, which suggests the last value was 8.9% up since then. When we look at Establishment Labs Holdings Inc’s average trading volume, we note the 10-day average is 0.77 million shares, with the 3-month average coming to 478.71K.
Analysts gave the Establishment Labs Holdings Inc (ESTA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.29. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ESTA as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Establishment Labs Holdings Inc’s EPS for the current quarter is expected to be -0.65.
Establishment Labs Holdings Inc (NASDAQ:ESTA) trade information
Instantly ESTA was in red as seen at the end of in last trading. With action -28.94%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -28.04%, with the 5-day performance at -28.94% in the red. However, in the 30-day time frame, Establishment Labs Holdings Inc (NASDAQ:ESTA) is -28.74% down. Looking at the short shares, we see there were 5.24 million shares sold at short interest cover period of 14.49 days.
The consensus price target for the stock as assigned by Wall Street analysts is 45, meaning bulls need an upside of 26.33% from its current market value. According to analyst projections, ESTA’s forecast low is 45 with 45 as the target high. To hit the forecast high, the stock’s price needs a -35.75% plunge from its current level, while the stock would need to soar -35.75% for it to hit the projected low.
Establishment Labs Holdings Inc (ESTA) estimates and forecasts
Data shows that the Establishment Labs Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -27.17% over the past 6 months, a 21.17% in annual growth rate that is considerably higher than the industry average of 5.10%. Year-over-year growth is forecast to reach 0.46% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 44.4M. 3 analysts are of the opinion that Establishment Labs Holdings Inc’s revenue for the current quarter will be 44.46M. The company’s revenue for the corresponding quarters a year ago was 31.56M and 37.17M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 40.67%. The estimates for the next quarter sales put growth at 19.62%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -20.32%. The 2025 estimates are for Establishment Labs Holdings Inc earnings to increase by 21.07%.
ESTA Dividends
Establishment Labs Holdings Inc is expected to release its next quarterly earnings report in February.
Establishment Labs Holdings Inc (NASDAQ:ESTA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.28% of Establishment Labs Holdings Inc shares while 98.63% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 111.18%. There are 98.63% institutions holding the Establishment Labs Holdings Inc stock share, with JW ASSET MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 11.4887% of the shares, roughly 3.19 million ESTA shares worth $145.07 million.
RTW INVESTMENTS, LP holds the second largest percentage of outstanding shares, with 9.6289% or 2.68 million shares worth $121.58 million as of 2024-06-30.
With 1.29 shares estimated at $42.76 million under it, the former controlled 4.61% of total outstanding shares.
