1-May-2024
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ResMed to Report Third Quarter Fiscal 2024 Earnings on April 25, 2024
Globe Newswire (Thu, 4-Apr 4:05 PM ET)
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Globe Newswire (Fri, 15-Mar 3:05 AM ET)
Globe Newswire (Wed, 6-Mar 9:05 AM ET)
Globe Newswire (Mon, 12-Feb 4:16 PM ET)
MatrixCare Earns Three 2024 Best in KLAS Awards
Globe Newswire (Wed, 7-Feb 8:05 AM ET)
ResMed is one of the largest respiratory care device companies globally, primarily developing and supplying flow generators, masks and accessories for the treatment of sleep apnea. Increasing diagnosis of sleep apnea combined with ageing populations and increasing prevalence of obesity is resulting in a structurally growing market. The company earns roughly two thirds of its revenue in the Americas and the balance across other regions dominated by Europe, Japan and Australia. Recent developments and acquisitions have focused on digital health as ResMed is aiming to differentiate itself through the provision of clinical data for use by the patient, medical care advisor and payer in the out-of-hospital setting.
Resmed trades on the NYSE stock market under the symbol RMD.
As of May 1, 2024, RMD stock price climbed to $215.01 with 1,245,202 million shares trading.
RMD has a beta of 1.98, meaning it tends to be more sensitive to market movements. RMD has a correlation of 0.32 to the broad based SPY ETF.
RMD has a market cap of $31.59 billion. This is considered a Large Cap stock.
Last quarter Resmed reported $1 billion in Revenue and $2.13 earnings per share. This beat revenue expectation by $27 million and exceeded earnings estimates by $.22.
In the last 3 years, RMD stock traded as high as $301.34 and as low as $132.24.
The top ETF exchange traded funds that RMD belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
RMD stock has underperformed the market in the last year with a return of -10.0%, while SPY returned +21.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RMD shares. However, RMD has outperformed the market in the last 3 month and 2 week periods, returning +12.6% and +16.3%, while SPY returned +2.3% and -0.6%, respectively. This indicates RMD has been having a stronger performance recently.
RMD support price is $209.31 and resistance is $218.67 (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 RMD stock will trade within this expected range on the day.