Is Resmed Inc. (NYSE: RMD) The Best Stock To Invest In?

After Hours

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Stocks Info

Resmed Inc. is listed on the NYSE in the Healthcare sector while operating in the Medical Instruments & Supplies industry. The current market capitalization of Resmed Inc. is $31.33B. A total of 0.97 million shares were traded on the day, compared to an average of 1.02M shares.

In the most recent transaction, Farrell Michael J. sold 14,683 shares of RMD for 192.97 per share on Jul 08 ’24. After the transaction, the Chief Executive Officer now owns 440,799 company shares. In a previous transaction on Jul 08 ’24, Sandercock Brett sold 1,000 shares at 194.35 per share. RMD shares that Chief Financial Officer owns now total 90,056.

Among the insiders who sold shares, Sandercock Brett disposed of 1,000 shares on Jun 10 ’24 at a per-share price of $209.81. This resulted in the Chief Financial Officer holding 91,056 shares of RMD after the transaction. In another insider transaction, Farrell Michael J. sold 14,683 shares at $211.66 per share on Jun 07 ’24. Company shares held by the Chief Executive Officer now total 440,799.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Resmed Inc. pays an annual dividend of $1.92, resulting in a dividend yield of 0.90%, and it has a price to earnings (P/E) ratio of 32.82. RMD’s most recent ex-dividend date was 5/8/2024 when it declared a $0.48 quarterly dividend that was paid in cash on 6/13/2024. Previously, the company paid the dividend on 3/14/2024 with an ex-dividend date of 2/7/2024. The RMD stock dividend was $0.48 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, RMD has a high of $229.97 and a low of $132.24.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. RMD’s latest balance sheet shows that the firm has $273.71M in Cash & Short Term Investments as of fiscal 2022. There were $917.55M in debt and $689.30M in liabilities at the time. Its Book Value Per Share was $31.52, while its Total Shareholder’s Equity was $3.36B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RMD is Buy with a score of 3.92.

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