SI-BONE (NASDAQ:SIBN) issued its quarterly earnings results on Sunday. The company reported ($0.37) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.03, MarketWatch Earnings reports. SI-BONE had a negative net margin of 61.67% and a negative return on equity of 45.03%.
Shares of NASDAQ SIBN traded down $2.82 during trading hours on Tuesday, hitting $33.14. The stock had a trading volume of 13,727 shares, compared to its average volume of 287,842. The firm’s 50-day moving average price is $33.10 and its two-hundred day moving average price is $28.78. SI-BONE has a 52 week low of $14.37 and a 52 week high of $36.78. The company has a market capitalization of $1.09 billion, a P/E ratio of -21.00 and a beta of 1.41. The company has a debt-to-equity ratio of 0.39, a quick ratio of 12.22 and a current ratio of 12.65.
SIBN has been the topic of several recent analyst reports. Truist boosted their target price on shares of SI-BONE from $35.00 to $43.00 in a research note on Tuesday. Needham & Company LLC upped their price target on SI-BONE from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered SI-BONE from a “hold” rating to a “sell” rating in a research report on Friday, March 12th. Canaccord Genuity upped their target price on SI-BONE from $39.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Morgan Stanley raised their price target on shares of SI-BONE from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. SI-BONE presently has an average rating of “Buy” and an average target price of $35.71.
SI-BONE Company Profile
SI-BONE, Inc, a medical device company, develops implantable devices used in the surgical treatment of the sacropelvic anatomy in the United States and Internationally. The company offers iFuse, a minimally invasive surgical implant system, which is intended to fuse the sacroiliac joint to treat sacroiliac joint dysfunction that causes lower back pain.
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