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How to Buy Si Bone Stock

Si Bone Inc

SI-BONE, Inc. , a medical device company, develops implantable devices used to solve musculoskeletal disorders of the sacropelvic anatomy in the United States and internationally.

Si Bone stock last closed at $15.27, up 2% from the previous day, and has decreased 26.94% in one year. It has underperformed other stocks in the Medical Devices industry by 0.12 percentage points. Si Bone stock is currently +2.9% from its 52-week low of $14.84, and -48.25% from its 52-week high of $29.51.

As of Apr 15, 2024, there are 41.06M SIBN shares outstanding. The market cap of SIBN is $627.06M. In the past 24 hours, 371,819 SIBN shares were traded.

How to Buy Si Bone Stock

Wondering how to invest in Si Bone stock? Here's how.
  1. Decide where to buy Si Bone stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Si Bone stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your brokerage account: Select your method of payment and add your information.
  4. Analyze Si Bone stock: The Si Bone ticker symbol is SIBN. Is Si Bone stock a good investment? Should you buy shares of SIBN? How do SIBN's underlying business fundamentals look? Do top analysts think Si Bone is a good buy? Why has SIBN's stock price moved recently? (Hint: Our stock research website can help you evaluate if SIBN is a good stock to buy).
  5. Execute your SIBN trade: Decide if you will purchase SIBN shares at the current market price or use a limit order to purchase SIBN stock at a given price.
  6. Keep tabs on your investment in SIBN: Create a watchlist to keep tabs on your position in Si Bone shares.

Step 1: Decide where to buy Si Bone stock

You need a brokerage account in order to access the NASDAQ market and buy SIBN stock.

A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've picked your brokerage, the next step is to fill out some personal information so you can buy SIBN today.

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Step 3: Deposit money your brokerage account

Now that you have opened your account on app for investing, you can securely and quickly fund your account:

Check out this video walkthrough to see the process of transferring funds into your investment account.

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Step 4: Analyze Si Bone stock

After you have decided on the best place to buy Si Bone stock, it's crucial to evaluate their stock prior to investing, so you truly wrap your head around the risk as well as the upside.

Si Bone Numbers

SIBN Price
$15.27
1w %
-0.33%
1y %
-26.94%
5y %
-9.32%
P/E
-13.51x
P/B
3.7x
P/S
4.23x
PEG
N/A
Revenue
$138.89M
Earnings
-$43.34M
Fore. Rev. Growth
18.1%
Fore. Earn. Growth
N/A
Market Cap
$627.06M
Next Earnings
Apr 29, 2024
Next Dividend
N/A

Si Bone Zen Score

WallStreetZen was built to help everyday investors perform more accurate fundamental analysis in less time.

You can view all of the due diligence checks on SIBN's stock page.

What is the fair value of SIBN stock?

You can use a variety of different financial metrics, analyses, models, and charts to gauge SIBN's fair value.

Using relative valuations ratios:

  • SIBN could be undervalued based on its P/B ratio of 3.7x, relative to Medical Devices industry P/B ratio of 3.71x

You can do additional valuation research on SIBN's stock here.

Is SIBN a healthy company?

Positive Financial Indicators:

  • There are more short-term assets than long-term liabilities on the SIBN balance sheet.
  • SIBN has a low debt to equity ratio of 0.36.
  • SIBN has $166.02M in cash and short term investments. This is enough to cover its annual cash burn of $26.51M.
  • There are more short-term assets than short-term liabilities on the SIBN balance sheet.
  • Total SIBN debt is lower than 5 years ago, relative to shareholder equity.
  • SIBN has cash burn of 26512000. It has sufficient cash and short-term investments to cover this for at least one year.

Negative Financial Indicators:

  • SIBN profit margin has gone up by 0.26 percentage points in the past year, but the company is still unprofitable.

Is it a good time to buy SIBN stock, according to analysts?

Out of 6 Equities analysts who track SIBN, the consensus analyst rating on Si Bone is a Strong Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Latest SIBN Analyst Forecasts

David Rescott, a top 35% analyst from Truist Securities maintains SIBN with a strong buy rating and raises their SIBN price target from $25.00 to $26.00, on Dec 22, 2023.

Truist Securities's David Rescott raised their price target on Si Bone (NASDAQ: SIBN) by 4% from $25 to $26 on 2023/12/22. The analyst maintained their Strong Buy rating on the stock.

Rescott announced their price target move on Si Bone in a research note covering MedTech names in their Healthcare (Medical Devices) portfolio.

The analyst told investors they "are turning more positive on the MedTech segment heading into FY 2024" on the basis of "dwindling recession fears, a downward interest rate bias/perception, a more pragmatic view toward the GLP1 overhang/impact, and an attractive overall segment growth profile for next year."

Acknowledging that FY 2023 was a "tough" year for Healthcare names, MedTech "could be a relatively safe destination for funds within the broader sector and even inter-sector as a beta/growth segment that underperformed," Rescott argued.

You can dig deeper into what analysts are saying on the Si Bone stock forecast page.

SIBN Technical Indicators

SMA10
15.58
SMA20
15.66
SMA50
17.71
SMA100
18.62
SMA200
20
MACD
-0.55
MACD Signal
-0.64
MACD Histogram
0.09
RSI
40.36
Stochastic %K
22.47
Stochastic %D
37.93
StochRSI %K
62.21
StochRSI %D
73.03

Is SIBN Growing Revenue?

Last year, SIBN revenue was $138.89M. In the last 5 year, SIBN's revenue has gone up by 20.19% per year. This was faster than the Medical Devices industry average of 13.36%.

You can analyze SIBN's earnings and revenue performance here.

Who is buying/selling SIBN?

Over the last year, executives and large shareholders at SIBN have sold more shares than they have bought.

Anthony J. Recupero, President Commercial Ops of SIBN, was the latest SIBN insider to sell. They sold $14,379.60 worth of SIBN stock on Apr 3, 2024.

Get more info about who owns SIBN stock here.

Can I rely on SIBN as an income stream?

No, Si Bone doesn't provide an income stream by paying out dividends.

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Step 5: Execute your SIBN trade

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally fine for most investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a particular dollar amount limit, place a limit order.

Hit the Open button and your broker will place your order.

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Step 6: Keep tabs on your investment in SIBN

Now that you own some SIBN stock, you'll want to stay up-to-date on your investment.

Put SIBN on a watchlist to get notified of the latest news about your SIBN stock.

SIBN Feed

How to Buy Stock in Si Bone

To summarize, here are the 6 steps you need to take to buy Si Bone stock right now:

  1. Decide where to buy Si Bone stock
  2. Create your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Si Bone stock
  5. Execute your SIBN trade
  6. Keep tabs on your investment in SIBN

If you are looking for a brokerage, eToro is our recommended option.

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If you would like to watch your investment in Si Bone, get started below.

NASDAQ: SIBN
$15.27+0.30 (+2%)
Updated Apr 15, 2024
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NASDAQ: SIBN
$15.27+0.30 (+2%)
Updated Apr 15, 2024
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FAQ

How much does it cost to buy one Si Bone share?

As of Apr 15, 2024, it costs $15.27 to buy one share of Si Bone stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $7, you can buy 0.458 shares of SIBN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Si Bone stock?

According to 6 Wall Street analysts who monitor Si Bone, their consensus recommendation is to buy Si Bone stock.

What is the best way to buy Si Bone stock?

One way to place an order for Si Bone stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.