ShockWave Medical - SWAV Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ShockWave Medical in the last twelve months. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SWAV shares.
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8 equities research analysts have issued twelve-month price objectives for ShockWave Medical's stock. Their SWAV share price forecasts range from $165.00 to $338.00. On average, they expect the company's stock price to reach $263.00 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price.
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ShockWave Medical's stock was trading at $178.33 at the start of the year. Since then, SWAV stock has increased by 31.0% and is now trading at $233.60.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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ShockWave Medical, Inc. (NASDAQ:SWAV) announced its quarterly earnings data on Monday, November, 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The firm earned $65.16 million during the quarter, compared to analyst estimates of $61.21 million. ShockWave Medical had a trailing twelve-month return on equity of 30.08% and a net margin of 20.48%. ShockWave Medical's revenue was up 232.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.38) EPS.

ShockWave Medical issued an update on its FY 2022 earnings guidance on Monday, November, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $483.00 million-$488.00 million, compared to the consensus revenue estimate of $475.94 million.

8 employees have rated ShockWave Medical Chief Executive Officer Doug Godshall on Glassdoor.com. Doug Godshall has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other ShockWave Medical investors own include NVIDIA (NVDA), Walt Disney (DIS), Block (SQ), Trade Desk (TTD), Salesforce (CRM), Roku (ROKU), PayPal (PYPL), DexCom (DXCM), Alibaba Group (BABA) and Okta (OKTA).

(SWAV) raised $75 million in an initial public offering on Thursday, March 7th 2019. The company issued 5,000,000 shares at a price of $14.00-$16.00 per share. Morgan Stanley and BofA Merrill Lynch served as the underwriters for the IPO and Wells Fargo Securities and Canaccord Genuity were co-managers.

ShockWave Medical trades on the NASDAQ under the ticker symbol "SWAV."

ShockWave Medical's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.18%), Vanguard Group Inc. (9.77%), Price T Rowe Associates Inc. MD (4.97%), State Street Corp (3.20%), Macquarie Group Ltd. (2.67%) and Artisan Partners Limited Partnership (1.85%). Insiders that own company stock include Antoine Papiernik, Colin Cahill, Dan Puckett, Douglas Evan Godshall, Frank T Watkins, Frank T Watkins, Isaac Zacharias, Kurt F Gallo, Laura Francis, Maria Sainz, Sofinnova Capital Vii Fcpr and Trinh Phung.
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Shares of SWAV 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 SWAV stock can currently be purchased for approximately $233.60.

ShockWave Medical (NASDAQ:SWAV) has a market capitalization of $8.44 billion and generates $237.15 million in revenue each year. The company earns $-9,140,000.00 in net income (profit) each year or $2.33 on an earnings per share basis.

The company employs 657 workers across the globe.

ShockWave Medical's mailing address is 5403 Betsy Ross Drive, Santa Clara CA, 95054. The official website for the company is www.shockwavemedical.com. The company can be reached via phone at (510) 279-4262 or via email at investors@shockwavemedical.com.