NASDAQ:SILK

Silk Road Medical (SILK) Stock Price, News & Analysis

$20.72
-0.31 (-1.47%)
(As of 05/13/2024 ET)
Today's Range
$20.59
$21.47
50-Day Range
$15.48
$21.03
52-Week Range
$6.08
$34.94
Volume
384,389 shs
Average Volume
775,380 shs
Market Capitalization
$817.20 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$22.55

Silk Road Medical MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
8.8% Upside
$22.55 Price Target
Short Interest
Bearish
10.34% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$351,247 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.43) to ($1.34) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.29 out of 5 stars

Medical Sector

1605th out of 2,771 stocks

Surgical & Medical Instruments Industry

187th out of 300 stocks

SILK stock logo

About Silk Road Medical Stock (NASDAQ:SILK)

Silk Road Medical, Inc operates as a medical device company in the United States. The company offers various products for the treatment of carotid artery disease called transcarotid artery revascularization (TCAR). Its products comprise ENROUTE Transcarotid Neuroprotection System that is used to directly access the common carotid artery and establish temporary blood flow reversal; ENROUTE Transcarotid Stent System for transcarotid access; ENHANCE Transcarotid Peripheral Access Kit, which is used to gain initial access to the common carotid artery; ENROUTE 0.014 Guidewire for atraumatic vessel navigation and target lesion crossing for delivery of interventional devices; and ENROUTE Enflate Transcarotid RX Balloon Dilation Catheter, a transcarotid rapid exchange balloon for the TCAR procedure. The company was incorporated in 2007 and is headquartered in Sunnyvale, California.

SILK Stock Price History

SILK Stock News Headlines

Evaluating Silk Road Medical: Insights From 6 Financial Analysts
Silk Road Medical: Q1 Earnings Snapshot
Lake Street Keeps Their Buy Rating on Silk Road Medical (SILK)
SILK Oct 2024 25.000 call
SILK Jul 2024 25.000 call
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
5/14/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
N/A
Current Symbol
NASDAQ:SILK
Employees
474
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.55
High Stock Price Target
$47.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+8.8%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$-55,740,000.00
Pretax Margin
-28.80%

Debt

Sales & Book Value

Annual Sales
$177.13 million
Book Value
$3.88 per share

Miscellaneous

Free Float
36,801,000
Market Cap
$817.20 million
Optionable
Optionable
Beta
1.43
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SILK Stock Analysis - Frequently Asked Questions

Should I buy or sell Silk Road Medical stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Silk Road Medical in the last year. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SILK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SILK, but not buy additional shares or sell existing shares.
View SILK analyst ratings
or view top-rated stocks.

What is Silk Road Medical's stock price target for 2024?

11 brokers have issued 12 month price objectives for Silk Road Medical's shares. Their SILK share price targets range from $8.00 to $47.00. On average, they expect the company's share price to reach $22.55 in the next year. This suggests a possible upside of 8.8% from the stock's current price.
View analysts price targets for SILK
or view top-rated stocks among Wall Street analysts.

How have SILK shares performed in 2024?

Silk Road Medical's stock was trading at $12.27 at the beginning of 2024. Since then, SILK stock has increased by 68.9% and is now trading at $20.72.
View the best growth stocks for 2024 here
.

When is Silk Road Medical's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our SILK earnings forecast
.

How were Silk Road Medical's earnings last quarter?

Silk Road Medical, Inc (NASDAQ:SILK) issued its quarterly earnings results on Tuesday, April, 30th. The company reported ($0.36) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.04. The business earned $48.50 million during the quarter, compared to analyst estimates of $44.67 million. Silk Road Medical had a negative trailing twelve-month return on equity of 35.47% and a negative net margin of 29.02%. The company's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.43) EPS.

What ETFs hold Silk Road Medical's stock?

ETFs with the largest weight of Silk Road Medical (NASDAQ:SILK) stock in their portfolio include SPDR S&P Health Care Equipment ETF (XHE) and Invesco Dorsey Wright Healthcare Momentum ETF (PTH).iShares U.S. Medical Devices ETF (IHI).

What guidance has Silk Road Medical issued on next quarter's earnings?

Silk Road Medical updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $194.0 million-$198.0 million, compared to the consensus revenue estimate of $195.9 million.

What other stocks do shareholders of Silk Road Medical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Silk Road Medical investors own include RTX (RTX), Procter & Gamble (PG), Abbott Laboratories (ABT), Cisco Systems (CSCO), Pfizer (PFE), Edwards Lifesciences (EW), CSX (CSX), Thermo Fisher Scientific (TMO) and Alibaba Group (BABA).

When did Silk Road Medical IPO?

Silk Road Medical (SILK) raised $75 million in an initial public offering (IPO) on Thursday, April 4th 2019. The company issued 4,700,000 shares at $15.00-$17.00 per share. J.P. Morgan and BofA Merrill Lynch acted as the underwriters for the IPO and BMO Capital Markets and Stifel were co-managers.

Who are Silk Road Medical's major shareholders?

Silk Road Medical's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wasatch Advisors LP (11.62%), Vanguard Group Inc. (7.41%), TimesSquare Capital Management LLC (1.70%), Acadian Asset Management LLC (0.43%), Sei Investments Co. (0.35%) and BNP Paribas Financial Markets (0.33%). Insiders that own company stock include Andrew S Davis, Andrew S Davis, Elizabeth H Weatherman, Erica J Rogers, Erica J Rogers, Jack W Lasersohn, Kevin J Ballinger, Kevin M Klemz, Lucas W Buchanan, Marie L Jones, Richard Ruedy and Tony M Chou.
View institutional ownership trends
.

How do I buy shares of Silk Road Medical?

Shares of SILK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SILK) was last updated on 5/14/2024 by MarketBeat.com Staff

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