MAKO Surgical Corp. Sets New 1-Year High at $29.59 (MAKO)
MAKO Surgical Corp. (NASDAQ:MAKO) set a new 52-week high during mid-day trading on Wednesday, ARN reports. The stock traded as high as $29.59 and last traded at $29.55, with a volume of 2,846,485 shares. The stock had previously closed at $29.55.
MAKO has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of MAKO Surgical Corp. (NASDAQ:MAKO) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $30.20 price target on the stock. Separately, analysts at Wells Fargo & Co. downgraded shares of MAKO Surgical Corp. (NASDAQ:MAKO) from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, September 26th. They now have a $1.40 price target on the stock. Finally, analysts at William Blair downgraded shares of MAKO Surgical Corp. (NASDAQ:MAKO) from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. MAKO Surgical Corp. presently has a consensus rating of “Hold” and an average target price of $17.44.
MAKO Surgical Corp. has a 1-year low of $10.00 and a 1-year high of $29.59. The stock has a 50-day moving average of $17.41 and a 200-day moving average of $13.29. The company’s market cap is $1.387 billion.
MAKO Surgical Corp. (NASDAQ:MAKO) last released its earnings data on Tuesday, July 30th. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.22) by $0.20. The company had revenue of $28.20 million for the quarter, compared to the consensus estimate of $28.53 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. Analysts expect that MAKO Surgical Corp. will post $-0.81 EPS for the current fiscal year.
MAKO Surgical Corp. (NASDAQ:MAKO) is a medical device company, which markets its advanced robotic arm solution, joint specific applications for the knee and hip and orthopedic implants for orthopedic procedures.
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