The stock of Stryker Corp. (NYSE: SYK) has decreased by -1.03 when compared to last closing price of 351.00.Despite this, the company has seen a loss of -3.16% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-02 that Despite the ongoing macro headwinds, recovering demand for medical procedures and cost-cutting initiatives should support the Zacks Medical-Products industry. SYK, RMD, ZBH, PODD and LNTH are well-poised to gain from the favorable factors.
Is It Worth Investing in Stryker Corp. (NYSE: SYK) Right Now?
The price-to-earnings ratio for Stryker Corp. (NYSE: SYK) is 42.12x, which is above its average ratio. Moreover, the 36-month beta value for SYK is 0.91. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 11 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for SYK is 356.57M and currently, short sellers hold a 1.07% of that float. On April 05, 2024, SYK’s average trading volume was 1.31M shares.
SYK’s Market Performance
SYK’s stock has seen a -3.16% decrease for the week, with a -1.42% drop in the past month and a 18.18% gain in the past quarter. The volatility ratio for the week is 1.45%, and the volatility levels for the past 30 days are at 1.37% for Stryker Corp. The simple moving average for the past 20 days is -2.04% for SYK’s stock, with a 15.19% simple moving average for the past 200 days.
Analysts’ Opinion of SYK
Many brokerage firms have already submitted their reports for SYK stocks, with Canaccord Genuity repeating the rating for SYK by listing it as a “Buy.” The predicted price for SYK in the upcoming period, according to Canaccord Genuity is $360 based on the research report published on January 31, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see SYK reach a price target of $345. The rating they have provided for SYK stocks is “Buy” according to the report published on October 20th, 2023.
BofA Securities gave a rating of “Buy” to SYK, setting the target price at $315 in the report published on September 05th of the previous year.
SYK Trading at 0.45% from the 50-Day Moving Average
After a stumble in the market that brought SYK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.88% of loss for the given period.
Volatility was left at 1.37%, however, over the last 30 days, the volatility rate increased by 1.45%, as shares sank -2.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.28% upper at present.
During the last 5 trading sessions, SYK fell by -3.16%, which changed the moving average for the period of 200-days by +18.02% in comparison to the 20-day moving average, which settled at $354.25. In addition, Stryker Corp. saw 16.00% 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 SYK starting from Berry William E Jr, who sale 7,690 shares at the price of $358.48 back on Mar 07 ’24. After this action, Berry William E Jr now owns 3,675 shares of Stryker Corp., valued at $2,756,730 using the latest closing price.
Boehnlein Glenn S, the VP, Chief Financial Officer of Stryker Corp., sale 9,600 shares at $342.81 during a trade that took place back on Feb 09 ’24, which means that Boehnlein Glenn S is holding 20,194 shares at $3,290,952 based on the most recent closing price.
Stock Fundamentals for SYK
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.64 for the gross margin
The net margin for Stryker Corp. stands at 0.15. The total capital return value is set at 0.12. Equity return is now at value 17.98, with 8.24 for asset returns.
Based on Stryker Corp. (SYK), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 69.43.
Currently, EBITDA for the company is 4.95 billion with net debt to EBITDA at 2.02. When we switch over and look at the enterprise to sales, we see a ratio of 6.93. The receivables turnover for the company is 5.44for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.58.
Conclusion
To wrap up, the performance of Stryker Corp. (SYK) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
