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Daily High to Daily Low: Is It Safe to Buy Medtronic plc (MDT)?

Medtronic plc (NYSE:MDT) went up by 1.80% from its latest closing price compared to the recent 1-year high of $114.31. The company’s stock price has collected 2.21% of gains in the last five trading sessions. The Wall Street Journal reported on 11/22/22 that Medtronic Stock Falls After Medical-Device Maker Posts Lower Earnings

Is It Worth Investing in Medtronic plc (NYSE :MDT) Right Now?

Medtronic plc (NYSE:MDT) scored a price-to-earnings ratio above its average ratio, recording 25.58 x from its present earnings ratio. Plus, the 36-month beta value for MDT is at 0.72. Opinions of the stock are interesting as 9 analysts out of 28 who provided ratings for Medtronic plc declared the stock was a “buy,” while 2 rated the stock as “overweight,” 16 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $86.35, which is $11.23 above the current price. MDT currently public float of 1.33B and currently shorts hold a 0.89% ratio of that float. Today, the average trading volume of MDT was 7.57M shares.

MDT’s Market Performance

MDT stocks went up by 2.21% for the week, with a monthly jump of 7.39% and a quarterly performance of -0.10%, while its annual performance rate touched -22.37%. The volatility ratio for the week stands at 2.36% while the volatility levels for the past 30 days are set at 2.31% for Medtronic plc. The simple moving average for the period of the last 20 days is 4.39% for MDT stocks with a simple moving average of -8.24% for the last 200 days.

Analysts’ Opinion of MDT

Many brokerage firms have already submitted their reports for MDT stocks, with RBC Capital Mkts repeating the rating for MDT by listing it as a “Sector Perform.” The predicted price for MDT in the upcoming period, according to RBC Capital Mkts is $89 based on the research report published on January 09th of the current year 2023.

Oppenheimer, on the other hand, stated in their research note that they expect to see MDT reach a price target of $85, previously predicting the price at $106. The rating they have provided for MDT stocks is “Perform” according to the report published on November 23rd, 2022.

Citigroup gave a rating of “Neutral” to MDT, setting the target price at $85 in the report published on November 23rd of the previous year.

MDT Trading at 4.08% from the 50-Day Moving Average

After a stumble in the market that brought MDT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.94% of loss for the given period.

Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares surge +6.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.72% upper at present.

During the last 5 trading sessions, MDT rose by +2.21%, which changed the moving average for the period of 200-days by -25.46% in comparison to the 20-day moving average, which settled at $79.17. In addition, Medtronic plc saw 5.98% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MDT starting from Salmon Sean, who sale 16,631 shares at the price of $80.50 back on Dec 13. After this action, Salmon Sean now owns 36,088 shares of Medtronic plc, valued at $1,338,736 using the latest closing price.

TEN HOEDT ROB, the EVP and Pres. Global Regions of Medtronic plc, sale 2,404 shares at $81.54 during a trade that took place back on Oct 14, which means that TEN HOEDT ROB is holding 43,483 shares at $196,015 based on the most recent closing price.

Stock Fundamentals for MDT

Current profitability levels for the company are sitting at:

  • +22.55 for the present operating margin
  • +62.88 for the gross margin

The net margin for Medtronic plc stands at +15.91. Equity return is now at value 8.20, with 4.70 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.