ResMed (RMD) has risen sharply, recording gains of 0.22% in the past 4 weeks. However, the stock has corrected -1.48% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.43% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.36% and the fifty day Moving Average is 5.22%. ResMed Inc. is up 18.68% in the last three month period. Year-to-Date the stock performance stands at 30.53%.
ResMed (RMD) stock is expected to deviate a maximum of $7.4 from the average target price of $61 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $70 and the most muted being $50.
ResMed (NYSE:RMD): stock turned positive on Friday. Though the stock opened at $68.74, the bulls momentum made the stock top out at $69.28 level for the day. The stock recorded a low of $68.51 and closed the trading day at $69.03, in the green by 0.86%. The total traded volume for the day was 1,060,316. The stock had closed at $68.44 in the previous days trading.
ResMed Inc. is engaged in the development, manufacturing, distribution and marketing of medical products for the diagnosis, treatment and management of respiratory disorders, with a focus on sleep-disordered breathing (SDB). The Company develops various products for SDB and other respiratory disorders, including airflow generators, diagnostic products, mask systems, headgear and other accessories. It produces continuous positive airway pressure, variable positive airway pressure and AutoSet systems for the titration and treatment of SDB. Its products also include S9 Escape, AirSense 10 Elite, AirSense 10 CPAP, S9 VPAP S, S9 VPAP ST, S9 VPAP Adapt, S9 VPAP ST-A, S9 VPAP COPD and AirCurve 10 V Auto, among others. It markets sleep recorders for the diagnosis and titration of SDB in sleep clinics and hospitals. Its products include Quattro FX, Swift FX for Her, Mirage FX for Her, Pixi Pediatric Mask, Quattro FX for Her, Swift FX Bella, Swift FX Nano, AirFit N10 and Apnealink Air.