Silk Road Medical - SILK Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Silk Road Medical in the last twelve months. There are currently 1 sell rating, 1 hold rating and 3 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.
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5 analysts have issued twelve-month price targets for Silk Road Medical's stock. Their SILK share price forecasts range from $33.00 to $66.00. On average, they expect the company's share price to reach $49.33 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
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Silk Road Medical's stock was trading at $42.61 at the start of the year. Since then, SILK shares have decreased by 2.2% and is now trading at $41.67.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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Silk Road Medical, Inc (NASDAQ:SILK) released its quarterly earnings data on Tuesday, November, 9th. The company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by $0.09. The firm had revenue of $24.70 million for the quarter, compared to the consensus estimate of $26.03 million. Silk Road Medical had a negative net margin of 53.13% and a negative trailing twelve-month return on equity of 82.20%. During the same period in the prior year, the business posted ($0.31) EPS.

Silk Road Medical updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $128.00 million-$133.00 million, compared to the consensus revenue estimate of $129.32 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Silk Road Medical investors own include Raytheon Technologies (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).

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

Silk Road Medical trades on the NASDAQ under the ticker symbol "SILK."

Silk Road Medical's stock is owned by a variety of institutional and retail investors. Top institutional investors include Deerfield Management Company L.P. Series C (7.60%), Clearbridge Investments LLC (4.37%), Kayne Anderson Rudnick Investment Management LLC (3.84%), TimesSquare Capital Management LLC (2.43%), State Street Corp (2.34%) and Ensign Peak Advisors Inc (1.35%). Insiders that own company stock include Andrew S Davis, Andrew S Davis, Elizabeth H Weatherman, Erica J Rogers, Erica J Rogers, Jack W Lasersohn, Lucas W Buchanan, Lucas W Buchanan, Pincus & Co Warburg and Richard Ruedy.
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Shares of SILK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SILK stock can currently be purchased for approximately $41.67.

Silk Road Medical (NASDAQ:SILK) has a market capitalization of $1.47 billion and generates $101.47 million in revenue each year. The company earns $-49,810,000.00 in net income (profit) each year or ($1.74) on an earnings per share basis.

The company employs 352 workers across the globe.

Silk Road Medical's mailing address is 1213 INNSBRUCK DR., SUNNYVALE CA, 94089. The official website for the company is www.silkroadmed.com. The company can be reached via phone at (408) 720-9002, via email at investors@silkroadmed.com, or via fax at 408-720-9013.