ISRG Stock Summary and Trading Ideas (Intuitive Surgical | NASDAQ:ISRG)

Intuitive Surgical develops, produces, and markets a robotic system for assisting minimally invasive surgery. It also provides the instrumentation, disposable accessories, and warranty services for the system. The company has placed more than 8,600 da Vinci systems in hospitals worldwide, with more than 5,000 installations in the US and a growing number in emerging markets.

Intuitive Surgical trades on the NASDAQ stock market under the symbol ISRG.

As of October 31, 2024, ISRG stock price declined to $506.43 with 641,175 million shares trading.

ISRG has a beta of 1.18, meaning it tends to be more sensitive to market movements. ISRG has a correlation of 0.39 to the broad based SPY ETF.

ISRG has a market cap of $180.38 billion. This is considered a Large Cap stock.

Last quarter Intuitive Surgical reported $2 billion in Revenue and $1.84 earnings per share. This beat revenue expectation by $38 million and exceeded earnings estimates by $.21.

In the last 3 years, ISRG traded as high as $523.34 and as low as $180.07.

The top ETF exchange traded funds that ISRG belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

ISRG has outperformed the market in the last year with a price return of +95.9% while the SPY ETF gained +39.1%. ISRG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.0% and +6.3%, respectively, while the SPY returned +5.7% and -2.0%, respectively.

ISRG support price is $506.78 and resistance is $520.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ISRG shares will trade within this expected range on the day.