The stock of Stryker Corp. (SYK) has gone down by -0.62% for the week, with a 4.41% rise in the past month and a -2.53% drop in the past quarter. The volatility ratio for the week is 1.31%, and the volatility levels for the past 30 days are 1.46% for SYK. The simple moving average for the past 20 days is 0.63% for SYK’s stock, with a 9.46% simple moving average for the past 200 days.
Is It Worth Investing in Stryker Corp. (NYSE: SYK) Right Now?
Stryker Corp. (NYSE: SYK) has a price-to-earnings ratio that is above its average at 39.35x. The stock has a 36-month beta value of 0.90. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 11 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for SYK is 357.47M, and at present, short sellers hold a 1.17% of that float. On June 20, 2024, the average trading volume of SYK was 1.28M shares.
SYK) stock’s latest price update
Stryker Corp. (NYSE: SYK) has experienced a decline in its stock price by -1.26 compared to its previous closing price of 348.67. However, the company has seen a fall of -0.62% in its stock price over the last five trading days. prnewswire.com reported 2024-06-18 that PORTAGE, Michigan and CHARLOTTE, North Carolina, USA, June 18, 2024 /PRNewswire/ — Stryker is bringing its innovative products, platforms and robotic technologies to IRCAD North America (IRCAD NA), a subsidiary of Atrium Health, as part of a multi-year agreement supporting the creation of a cutting-edge experiential education center in Charlotte, North Carolina. IRCAD NA is set to become the cornerstone of the first research building at “The Pearl,” a new innovation district currently under construction in the heart of Charlotte.
Analysts’ Opinion of SYK
Many brokerage firms have already submitted their reports for SYK stocks, with Goldman repeating the rating for SYK by listing it as a “Neutral.” The predicted price for SYK in the upcoming period, according to Goldman is $372 based on the research report published on May 30, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see SYK reach a price target of $392. The rating they have provided for SYK stocks is “Buy” according to the report published on May 22nd, 2024.
Canaccord Genuity gave a rating of “Buy” to SYK, setting the target price at $360 in the report published on January 31st of the current year.
SYK Trading at 2.14% 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 -4.74% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.31%, as shares surge +4.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.57% lower at present.
During the last 5 trading sessions, SYK fell by -0.29%, which changed the moving average for the period of 200-days by +21.43% in comparison to the 20-day moving average, which settled at $342.86. In addition, Stryker Corp. saw 14.96% 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 Fletcher Robert S, who sale 2,007 shares at the price of $332.99 back on May 22 ’24. After this action, Fletcher Robert S now owns 8,896 shares of Stryker Corp., valued at $668,308 using the latest closing price.
Boehnlein Glenn S, the VP, Chief Financial Officer of Stryker Corp., sale 10,000 shares at $327.65 during a trade that took place back on May 15 ’24, which means that Boehnlein Glenn S is holding 15,012 shares at $3,276,516 based on the most recent closing price.
Stock Fundamentals for SYK
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.63 for the gross margin
The net margin for Stryker Corp. stands at 0.16. The total capital return value is set at 0.13. Equity return is now at value 18.64, with 8.82 for asset returns.
Based on Stryker Corp. (SYK), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27.
Currently, EBITDA for the company is 4.95 billion with net debt to EBITDA at 1.63. When we switch over and look at the enterprise to sales, we see a ratio of 6.66. The receivables turnover for the company is 6.04for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
To sum up, Stryker Corp. (SYK) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
