Intuitive Surgical Ready for More Growth

FXEmpire.com -

The company’s da Vinci 5 equipment gained regulatory approval in March and is designed to make surgery less invasive, faster, and completed with a higher degree of accuracy. In short, it aims to quickly deliver better health outcomes for patients. Plus, its advanced computing power is ready to benefit from AI improvements.

On top of that, the company is performing well financially. Intuitive reported 11% revenue growth in the first quarter and 16% more procedures in a year. Plus, in the past five years the company’s revenue has nearly doubled to $7.1 billion and profits jumped 60%.

It’s no wonder ISRG shares are up 25% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Intuitive Shares Draw Big Money Demand

Institutional volumes reveal plenty. In the last year, ISRG has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in ISRG shares. They reflect our proprietary inflow signal, pushing the stock higher:

Source: www.mapsignals.com

Plenty of health care names are under accumulation right now. But there’s a powerful fundamental story happening with Intuitive.

Intuitive Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, ISRG has had strong sales and earnings growth:

  • 3-year sales growth rate (+18.2%)
  • 3-year EPS growth rate (+24.6%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +17.3%.

Now it makes sense why the stock has been powering to new heights. ISRG has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Intuitive has been a top-rated stock at MAPsignals for years. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last seven years. The blue bars below show when ISRG was a top pick…rising with time:

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Intuitive Price Prediction

The ISRG rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in ISRG at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.

This article was originally posted on FX Empire

More From FXEMPIRE:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.