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


The leading market experts have placed a mean price target of $32.56 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 $0.19 a share for the upcoming quarter and $1.04 for the current fiscal. Technical View The technical analysis of Surmodics, Inc. plainly substantiates that the 50-day moving average of Surmodics, Inc. is $24.22, and stock is hovering 3.21 or +13.24% distant from $24.22. It is noted that the 200-day MA is $21.09, and Surmodics, Inc. stock is $6.34 or +30.04% 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 $-0.25, it will post a 52-week high. In event of $+57.19% 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 41.00. The stock last ended the trading session at $27.43 and registered a market cap of $356.43M. 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 1.76.

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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