Shockwave Medical Stock Today
| SWAV Stock | USD 327.52 0.02 0.01% |
Performance22 of 100
| Odds Of DistressLess than 3
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Shockwave Medical is selling for under 327.52 as of the 19th of April 2024; that is 0.01 percent up since the beginning of the trading day. The stock's lowest day price was 327.25. Shockwave Medical has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Shockwave Medical are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 7th of March 2019 | Category Healthcare | Classification Health Care |
ShockWave Medical, Inc., a medical device company, engages in developing and commercializing intravascular lithotripsy technology for the treatment of calcified plaque in patients with peripheral vascular, coronary vascular, and heart valve diseases worldwide. The company has 37.51 M outstanding shares of which 2.03 M shares are at this time shorted by private and institutional investors with about 2.97 trading days to cover. More on Shockwave Medical
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Follow Valuation Options Odds of Bankruptcy
Financial Report 13th of May 2024
Shockwave Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Shockwave Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Shockwave Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | Douglas MBA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, SP Midcap 400, NASDAQ Health Care, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Shockwave Medical report their recommendations after researching Shockwave Medical's financial statements, talking to executives and customers, or listening in on Shockwave Medical's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Shockwave Medical. The Shockwave consensus assessment is calculated by taking the average forecast from all of the analysts covering Shockwave Medical. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Shockwave Medical's profitability, liquidity, and operating efficiency, Shockwave Medical is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Shockwave Medical is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Shockwave Medical's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Shockwave Medical's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Shockwave Medical's financial leverage. It provides some insight into what part of Shockwave Medical's total assets is financed by creditors.
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Shockwave Medical (SWAV) is traded on NASDAQ Exchange in USA. It is located in 5403 Betsy Ross Drive, Santa Clara, CA, United States, 95054 and employs 1,468 people. Shockwave Medical is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 12.28 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Shockwave Medical's market, we take the total number of its shares issued and multiply it by Shockwave Medical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Shockwave Medical conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 37.51 M outstanding shares of which 2.03 M shares are at this time shorted by private and institutional investors with about 2.97 trading days to cover.
Shockwave Medical currently holds about 224.91 M in cash with 196.05 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.26.
Check Shockwave Medical Probability Of Bankruptcy
Ownership AllocationShockwave Medical shows a total of 37.51 Million outstanding shares. The majority of Shockwave Medical outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Shockwave Medical to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Shockwave Medical. Please pay attention to any change in the institutional holdings of Shockwave Medical as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Shockwave Ownership Details
Shockwave Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Shockwave Medical jumping above the current price in 90 days from now is about 6.02%. The Shockwave Medical probability density function shows the probability of Shockwave Medical stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Shockwave Medical has a beta of 0.8898. This usually implies Shockwave Medical market returns are correlated to returns on the market. As the market goes up or down, Shockwave Medical is expected to follow. Additionally, shockwave Medical has an alpha of 0.5874, implying that it can generate a 0.59 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Shockwave Medical to move above the current price in 90 days from now is about 6.02 (This Shockwave Medical probability density function shows the probability of Shockwave Stock to fall within a particular range of prices over 90 days) .
Shockwave Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Shockwave Medical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Shockwave Medical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Shockwave Medical's value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-09-30 | 577.6 K | |
| Marshall Wace Asset Management Ltd | 2023-09-30 | 562.3 K | |
| Gilder Gagnon Howe & Co Llc | 2023-09-30 | 549.2 K | |
| Hhg Plc | 2023-12-31 | 501.7 K | |
| Morgan Stanley - Brokerage Accounts | 2023-09-30 | 430.5 K | |
| Canada Pension Plan Investment Board | 2023-12-31 | 406.8 K | |
| Alliancebernstein L.p. | 2023-09-30 | 388.1 K | |
| Citadel Advisors Llc | 2023-09-30 | 368 K | |
| Credit Suisse First Boston (csfb) | 2023-09-30 | 363.6 K | |
| Blackrock Inc | 2023-09-30 | 3.7 M | |
| Vanguard Group Inc | 2023-09-30 | 3.6 M |
Shockwave Medical Historical Income Statement
Shockwave Medical Income Statement is one of the three primary financial statements used for reporting Shockwave's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Shockwave Medical revenue and expense. Shockwave Medical Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Shockwave Medical's Operating Income is fairly stable compared to the past year. Net Income From Continuing Ops is likely to climb to about 154.6 M in 2024, despite the fact that Net Interest Income is likely to grow to (6.6 M). View More FundamentalsShockwave Stock Against Markets
Picking the right benchmark for Shockwave Medical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Shockwave Medical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Shockwave Medical is critical whether you are bullish or bearish towards Shockwave Medical at a given time. Please also check how Shockwave Medical's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Shockwave Medical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Shockwave Medical Corporate Management
Elected by the shareholders, the Shockwave Medical's board of directors comprises two types of representatives: Shockwave Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shockwave. The board's role is to monitor Shockwave Medical's management team and ensure that shareholders' interests are well served. Shockwave Medical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Shockwave Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Isaac Zacharias | Chief Officer | Profile | |
| Debbie Kaster | Vice Relations | Profile | |
| FACC FRCP | Chief Officer | Profile | |
| Rob Williamson | VP Sales | Profile | |
| Cathy Harnett | Senior Resources | Profile | |
| Hajime JD | General Secretary | Profile |
How to buy Shockwave Stock?
Before investing in Shockwave Medical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Shockwave Medical. To buy Shockwave Medical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Shockwave Medical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Shockwave Medical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Shockwave Medical stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Shockwave Medical stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Shockwave Medical, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Shockwave Stock please use our How to Invest in Shockwave Medical guide.
Already Invested in Shockwave Medical?
The danger of trading Shockwave Medical is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Shockwave Medical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Shockwave Medical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Shockwave Medical is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Shockwave Medical is a strong investment it is important to analyze Shockwave Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Shockwave Medical's future performance. For an informed investment choice regarding Shockwave Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shockwave Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Shockwave Stock please use our How to Invest in Shockwave Medical guide.Note that the Shockwave Medical information on this page should be used as a complementary analysis to other Shockwave Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Shockwave Stock analysis
When running Shockwave Medical's price analysis, check to measure Shockwave Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shockwave Medical is operating at the current time. Most of Shockwave Medical's value examination focuses on studying past and present price action to predict the probability of Shockwave Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shockwave Medical's price. Additionally, you may evaluate how the addition of Shockwave Medical to your portfolios can decrease your overall portfolio volatility.
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Is Shockwave Medical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shockwave Medical. If investors know Shockwave will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shockwave Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.69) | Earnings Share 3.86 | Revenue Per Share 19.894 | Quarterly Revenue Growth 0.409 | Return On Assets 0.0938 |
The market value of Shockwave Medical is measured differently than its book value, which is the value of Shockwave that is recorded on the company's balance sheet. Investors also form their own opinion of Shockwave Medical's value that differs from its market value or its book value, called intrinsic value, which is Shockwave Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shockwave Medical's market value can be influenced by many factors that don't directly affect Shockwave Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Shockwave Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shockwave Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shockwave Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.