Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate SI-Bone Inc before investing.

In this article, we go over a few key elements for understanding SI-Bone Inc’s stock price such as:

• SI-Bone Inc’s current stock price and volume
• Why SI-Bone Inc’s stock price changed recently
• Upgrades and downgrades for SIBN from analysts
• SIBN’s stock price momentum as measured by its relative strength

About SI-Bone Inc (SIBN)

Before we jump into SI-Bone Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

SI-BONE, Inc. is a medical device company dedicated to solving musculoskeletal disorders of the sacropelvic anatomy. The Company specializes in minimally invasive surgical implant systems to address sacroiliac joint dysfunction as well as address unmet clinical needs in pelvic fixation and management of pelvic fractures. The Company's products include a series of patented titanium implants and the instruments used to implant them, as well as implantable bone products. Its products include iFuse, iFuse-3D, iFuse-TORQ and iFuse Bedrock Granite. Within the United States, iFuse, iFuse-3D and iFuse-TORQ have clearances for applications across sacroiliac joint dysfunction and fusion, adult spinal deformity and degeneration, and pelvic trauma. Its first-generation iFuse, a machined triangular titanium implant, has a triangular cross section that resists twisting or rotation of the implant. The Company's second generation iFuse product, the iFuse-3D implant, is a patented titanium implant.

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SI-Bone Inc’s Stock Price as of Market Close

As of May 07, 2024, 4:00 PM, CST, SI-Bone Inc’s stock price was $15.68.

SI-Bone Inc is up 8.29% from its previous closing price of $14.48.

During the last market session, SI-Bone Inc’s stock traded between $13.96 and $14.54. Currently, there are 40.60 million shares of SI-Bone Inc stock available for purchase.

Unfortunately, SI-Bone Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

SI-Bone Inc Stock Price History

SI-Bone Inc’s (SIBN) price is currently up 9.96% so far this month.

During the month of May, SI-Bone Inc’s stock price has reached a high of $15.80 and a low of $13.96.

Over the last year, SI-Bone Inc has hit prices as high as $29.51 and as low as $13.96. Year to date, SI-Bone Inc’s stock is up 15.29%.

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What Caused SI-Bone Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 06, 2024, there were 2 analysts who downgraded SI-Bone Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate SI-Bone Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on SI-Bone Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

SI-Bone Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about SI-Bone Inc (SIBN) by visiting AAII Stock Evaluator.

Relative Price Strength of SI-Bone Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 06, 2024, SI-Bone Inc has a weighted four-quarter relative price strength of -17.62%, which translates to a Momentum Score of 18 and is considered to be Very Weak.

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SI-Bone Inc Stock Price: Bottom Line

As of May 7, 2024, SI-Bone Inc’s stock price is $15.68, which is up 8.29% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like SI-Bone Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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