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Ukraine – March 22, 2021: The stock market information of Intuitive surgical is depicted in this photo illustration… [+] Inc., with the Intuitive Surgical logo in the background, as seen on a smartphone. (Photo courtesy of Getty Images/Igor Golovniov/SOPA Images/LightRocket)
Getty Images/SOPA Images/LightRocket
[7/9/2021] [Updated: 7/9/2021] The stock of ISRG has increased in value. Intuitive Surgical’s (NASDAQ: ISRG) stock price has up 15% in the last twenty-one trading days, and is up a whopping 64 percent in the last year. The stock of ISRG has benefited from a comeback in procedure volume and good Q1 performance. In Q1, the business performed 16 percent more procedures and installed 298 new da Vinci systems, compared to 10% more procedures and 237 new systems in the previous quarter. With an improved Covid-19 immunization rate, this tendency is projected to continue as patients gain confidence in leaving their homes and undergoing elective procedures that were postponed during the epidemic.
Will ISRG stock continue to increase after a 15% gain in twenty-one trading days, or is a drop on the horizon? According to past performance, the stock of ISRG is more likely to climb in the coming month. In the last two years, ISRG stock has had a twenty-one day jump of 15% or more in 24 of the 43 cases, with ISRG stock advancing throughout the next month in 24 of them (twenty-one trading days). This historical pattern predicts that ISRG stock will climb 24 out of 43 times in the next month, or around 56% of the time. For more information, see our Intuitive Surgical Stock Chances of a Rise study.
‘Event Probability’ and ‘Chance of Rise’ were calculated using data from the previous two years.
On 51 percent of the times when the price moved 3.4 percent or more in a five-day period, the stock climbed in the following five days.
Only 46% of the time after moving 5.6 percent or more in a ten-day period, the stock rose in the next ten days.
After moving 15.0 percent or more in a twenty-one-day period, the stock climbed 56 percent of the time in the next twenty-one days.

Calculate the average return on Intuitive Surgical Stock: After a Fall or Rise, AI Predicts ISRG Average and Excess Return
Comparing Intuitive Surgical Stock Returns to Peers (Recent)
EW has the highest five-day return at 4%, while BSX has the lowest at 1.3 percent.
ISRG had the best ten-day return of 5.6 percent, while BSX had the lowest at -0.09%.
ISRG has the highest return (15%), while MDT has the lowest return (2.7%).

ADDITIONAL INFORMATION FOR YOU
Although it appears that ISRG stock may see further higher levels with momentum on its side and previous performance, we continue to believe that it is overvalued at current levels, and investors would be better off waiting for a fall to acquire the stock. More information can be found in the update below.
While the price of ISRG stock may rise, the year 2020 has created a number of pricing discontinuities that could provide lucrative trading opportunities. For example, the stock valuation for Mettler vs Abbott is quite counter-intuitive.
Here you may find all of Trefis’ Featured Analyses and Trefis Data./nRead More

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