Stock To Watch: SurModics, Inc. (NASDAQ:SRDX)


The leading market experts have placed a mean price target of $30.50 on SurModics, Inc. (NASDAQ:SRDX) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.09 a share for the upcoming quarter and $0.78 for the current fiscal. Technical View The technical analysis of SurModics, Inc. plainly substantiates that the 50-day moving average of SurModics, Inc. is $22.52, and stock is hovering 0.38 or +1.67% distant from $22.52. It is noted that the 200-day MA is $20.25, and SurModics, Inc. stock is $2.65 or +13.11% off from this point. SurModics, Inc. (NASDAQ:SRDX) 52-week high is $27.68 and the 52-week low is $17.45. This explains if the stock moves $-4.78, it will post a 52-week high. In event of $+31.23% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of SurModics, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, SurModics, Inc. (NASDAQ:SRDX) ratio came in at 35.23. The stock last ended the trading session at $22.90 and registered a market cap of $298.02M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. SurModics, Inc. (NASDAQ:SRDX) PEG ratio is at 2.00.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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