The stock price of Smith & Nephew plc (NYSE: SNN) has dropped by -0.49 compared to previous close of 26.59. Despite this, the company has seen a gain of 0.15% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-13 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in Smith & Nephew plc (NYSE: SNN) Right Now?
Smith & Nephew plc (NYSE: SNN) has a higher price-to-earnings ratio of 53.03x compared to its average ratio, and the 36-month beta value for SNN is at 0.64. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
The average price suggested by analysts for SNN is $34.76, which is $7.87 above the current market price. The public float for SNN is 217.58M, and currently, shorts hold a 0.80% of that float. The average trading volume for SNN on September 15, 2023 was 806.61K shares.
SNN’s Market Performance
SNN stock saw a decrease of 0.15% in the past week, with a monthly decline of -3.50% and a quarterly a decrease of -16.19%. The volatility ratio for the week is 0.96%, and the volatility levels for the last 30 days are 1.07% for Smith & Nephew plc (SNN). The simple moving average for the past 20 days is -1.46% for SNN’s stock, with a -8.99% simple moving average for the past 200 days.
SNN Trading at -7.65% from the 50-Day Moving Average
After a stumble in the market that brought SNN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.02% of loss for the given period.
Volatility was left at 1.07%, however, over the last 30 days, the volatility rate increased by 0.96%, as shares sank -3.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.50% lower at present.
During the last 5 trading sessions, SNN rose by +0.15%, which changed the moving average for the period of 200-days by -1.19% in comparison to the 20-day moving average, which settled at $26.81. In addition, Smith & Nephew plc saw -1.60% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SNN
Current profitability levels for the company are sitting at:
- +15.11 for the present operating margin
- +66.63 for the gross margin
The net margin for Smith & Nephew plc stands at +4.28. The total capital return value is set at 9.59, while invested capital returns managed to touch 2.82. Equity return is now at value 4.10, with 2.10 for asset returns.
Based on Smith & Nephew plc (SNN), the company’s capital structure generated 54.61 points at debt to equity in total, while total debt to capital is 35.32. Total debt to assets is 28.82, with long-term debt to equity ratio resting at 51.57. Finally, the long-term debt to capital ratio is 33.35.
When we switch over and look at the enterprise to sales, we see a ratio of 2.56, with the company’s debt to enterprise value settled at 0.20. The receivables turnover for the company is 4.43 and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.25.
In conclusion, Smith & Nephew plc (SNN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.