Trade-Ideas: ResMed (RMD) Is Today's New Lifetime High Stock
- RMD has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $47.9 million.
- RMD has traded 1.0 million shares today.
- RMD is trading at a new lifetime high.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in RMD with the Ticky from Trade-Ideas. See the FREE profile for RMD NOW at Trade-Ideas More details on RMD: ResMed Inc., through its subsidiaries, engages in the development, manufacture, and distribution of medical equipment for treating, diagnosing, and managing sleep-disordered breathing and other respiratory disorders. The stock currently has a dividend yield of 2%. RMD has a PE ratio of 23.4. Currently there are 7 analysts that rate ResMed a buy, no analysts rate it a sell, and 4 rate it a hold. The average volume for ResMed has been 1.0 million shares per day over the past 30 days. ResMed has a market cap of $7.0 billion and is part of the health care sector and health services industry. The stock has a beta of 0.73 and a short float of 20.9% with 32.10 days to cover. Shares are up 18.2% year to date as of the close of trading on Monday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates ResMed as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 1.5%. Since the same quarter one year prior, revenues rose by 11.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- RMD's debt-to-equity ratio is very low at 0.19 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, RMD has a quick ratio of 2.10, which demonstrates the ability of the company to cover short-term liquidity needs.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Health Care Equipment & Supplies industry and the overall market, RESMED INC's return on equity exceeds that of both the industry average and the S&P 500.
- The gross profit margin for RESMED INC is rather high; currently it is at 66.82%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 17.61% is above that of the industry average.
- Net operating cash flow has increased to $123.92 million or 27.78% when compared to the same quarter last year. In addition, RESMED INC has also vastly surpassed the industry average cash flow growth rate of -37.97%.
- You can view the full ResMed Ratings Report.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Check Out Our Best Services for Investors
Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.