Should you consider INTUITIVE SURGICAL INC (NASDAQ:ISRG) for high growth investing?

A possible breakout setup was detected on INTUITIVE SURGICAL INC (NASDAQ:ISRG) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NASDAQ:ISRG.

Technical analysis of NASDAQ:ISRG

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Overall ISRG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ISRG has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, ISRG did better than 88% of all other stocks. We also observe that the gains produced by ISRG over the past year are nicely spread over this period.
• ISRG is part of the Health Care Equipment & Supplies industry. There are 189 other stocks in this industry. ISRG outperforms 83% of them.
• ISRG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ISRG is lagging the market slightly.
• In the last month ISRG has a been trading in the 530.25 - 616.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

Check the latest full technical report of ISRG for a complete technical analysis.

How do we evaluate the setup for NASDAQ:ISRG?

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NASDAQ:ISRG this score is currently 7:

Besides having an excellent technical rating, ISRG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 554.13, a Stop Loss order could be placed below this zone.

Some of the high growth metrics of NASDAQ:ISRG highlighted

• INTUITIVE SURGICAL INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 38.12% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• INTUITIVE SURGICAL INC has demonstrated strong q2q revenue growth of 25.16%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• The recent financial report of INTUITIVE SURGICAL INC demonstrates a 38.12% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The earnings per share (EPS) growth of INTUITIVE SURGICAL INC are accelerating: the current Q2Q growth of 38.12% is above the previous year Q2Q growth of 30.08%. Earnings momentum and acceleration are key for high growth systems.
• With a favorable trend in its operating margin over the past year, INTUITIVE SURGICAL INC demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• INTUITIVE SURGICAL INC has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• The Return on Equity(ROE) of INTUITIVE SURGICAL INC is 14.05%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• INTUITIVE SURGICAL INC maintains a healthy Debt-to-Equity ratio of 0.0. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• With a track record of beating EPS estimates in the last 4 quarters, INTUITIVE SURGICAL INC showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• INTUITIVE SURGICAL INC has exhibited strong Relative Strength(RS) in recent periods, with a current 88.34 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. INTUITIVE SURGICAL INC shows promising potential for continued price momentum.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.