Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $32.56 on SurModics, Inc. (NASDAQ:SRDX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.04 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of SurModics, Inc. (NASDAQ:SRDX) stands at 42.93.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Surmodics, Inc., the PEG ratio for coming 3-5 years is 1.82.
The technical analysis highlights that Surmodics, Inc. current is trading $2.88 points away or +11.17% from its 50-day moving average of $25.84. Further it is trading $6.80 or +31.02% away its 200-day moving average of $21.92.
The 52-week high of SurModics, Inc. (NASDAQ:SRDX) was $29.62 while lowest point recorded in 52-week was $17.45. It implies if stock price makes a movement of over $-0.90, it will record a new 52-week high. In the case of +64.58% drop, it will touch a new 52-week low.
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