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NASDAQ:SILK

Silk Road Medical - SILK Stock Forecast, Price & News

$44.80
+0.51 (+1.15%)
(As of 08/18/2022 03:59 PM ET)
Add
Compare
Today's Range
$42.21
$44.84
50-Day Range
$33.01
$49.20
52-Week Range
$27.21
$67.49
Volume
13,371 shs
Average Volume
341,436 shs
Market Capitalization
$1.58 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$49.33

Silk Road Medical MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
11.9% Upside
$49.33 Price Target
Short Interest
Bearish
6.57% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.25mentions of Silk Road Medical in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$4.70 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.81) to ($1.54) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.63 out of 5 stars

Medical Sector

1021st out of 1,119 stocks

Surgical & Medical Instruments Industry

97th out of 111 stocks

SILK stock logo

About Silk Road Medical (NASDAQ:SILK) Stock

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. Its products include ENROUTE Transcarotid Neuroprotection System that is used to directly access the common carotid artery and initiate temporary blood flow reversal; ENROUTE Transcarotid Stent System, a self-expanding, self-tapering stent; ENHANCE Transcarotid Peripheral Access Kit for use in gaining initial access to the common carotid artery; and ENROUTE 0.014 Guidewire for navigating and crossing the target lesion for delivery of interventional devices. The company was incorporated in 2007 and is headquartered in Sunnyvale, California.

Silk Road Medical Stock Down 7.3 %

Shares of Silk Road Medical stock opened at $44.29 on Thursday. The business's 50 day simple moving average is $40.97 and its 200 day simple moving average is $37.51. Silk Road Medical has a 52-week low of $27.21 and a 52-week high of $67.49. The firm has a market cap of $1.56 billion, a PE ratio of -25.45 and a beta of 1.48. The company has a debt-to-equity ratio of 1.23, a quick ratio of 6.09 and a current ratio of 6.92.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SILK shares. Stifel Nicolaus dropped their price target on Silk Road Medical from $55.00 to $46.00 in a research report on Monday, July 18th. Citigroup lowered Silk Road Medical from a "neutral" rating to a "sell" rating and set a $33.00 price target on the stock. in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Silk Road Medical has a consensus rating of "Hold" and a consensus target price of $49.33.

Insider Activity at Silk Road Medical

In related news, Director Elizabeth H. Weatherman sold 10,000 shares of Silk Road Medical stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $41.91, for a total value of $419,100.00. Following the sale, the director now owns 234,454 shares of the company's stock, valued at approximately $9,825,967.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Silk Road Medical news, CFO Lucas W. Buchanan sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $47.79, for a total value of $1,194,750.00. Following the completion of the transaction, the chief financial officer now directly owns 191,764 shares in the company, valued at $9,164,401.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth H. Weatherman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $41.91, for a total value of $419,100.00. Following the completion of the transaction, the director now owns 234,454 shares of the company's stock, valued at $9,825,967.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,000 shares of company stock valued at $4,698,350. 7.66% of the stock is owned by insiders.

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SILK Stock News Headlines

3 Small Caps With Big Return Potential (SILK)
In a year in which the risk-on trade has been muted, U.S. small cap stocks are holding up relatively well. In fact, the historically more volatile asset class is down approximately 13% year-to-date compared to 15% for U.S. large caps
SILK Crosses Above Average Analyst Target
Earnings Preview: Silk Road Medical
Analyst Ratings for Silk Road Medical
See More Headlines
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SILK Company Calendar

Last Earnings
11/09/2021
Today
8/18/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:SILK
Employees
352
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$49.33
High Stock Price Forecast
$66.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+10.1%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$-49,810,000.00
Pretax Margin
-53.13%

Debt

Sales & Book Value

Annual Sales
$101.47 million
Book Value
$1.70 per share

Miscellaneous

Free Float
32,541,000
Market Cap
$1.58 billion
Optionable
Not Optionable
Beta
1.48














SILK Stock - Frequently Asked Questions

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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Silk Road Medical in the last year. 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.
View SILK analyst ratings
or view top-rated stocks.

What is Silk Road Medical's stock price forecast for 2022?

5 analysts have issued 1-year price objectives for Silk Road Medical's stock. Their SILK share price forecasts range from $33.00 to $66.00. On average, they anticipate the company's share price to reach $49.33 in the next twelve months. This suggests a possible upside of 11.4% 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 2022?

Silk Road Medical's stock was trading at $42.61 at the beginning of the year. Since then, SILK stock has increased by 3.9% and is now trading at $44.29.
View the best growth stocks for 2022 here
.

When is Silk Road Medical's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our SILK earnings forecast
.

How were Silk Road Medical's earnings last quarter?

Silk Road Medical, Inc (NASDAQ:SILK) posted its quarterly earnings data on Tuesday, November, 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.09. The business earned $24.70 million during the quarter, compared to analysts' expectations 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 earned ($0.31) EPS.

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

Silk Road Medical issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (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.

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 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).

When did Silk Road Medical IPO?

(SILK) raised $75 million in an 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 acted as the underwriters for the IPO and BMO Capital Markets and Stifel were co-managers.

What is Silk Road Medical's stock symbol?

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

Who are Silk Road Medical's major shareholders?

Silk Road Medical's stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Silk Road Medical's stock price today?

One share of SILK stock can currently be purchased for approximately $44.29.

How much money does Silk Road Medical make?

Silk Road Medical (NASDAQ:SILK) has a market capitalization of $1.56 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.

How many employees does Silk Road Medical have?

The company employs 352 workers across the globe.

How can I contact Silk Road Medical?

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.

This page (NASDAQ:SILK) was last updated on 8/18/2022 by MarketBeat.com Staff

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