The price-to-earnings ratio for Stryker Corp. (NYSE: SYK) is 39.21x, which is above its average ratio. Moreover, the 36-month beta value for SYK is 0.92. 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 357.62M and currently, short sellers hold a 1.19% of that float. On October 04, 2024, SYK’s average trading volume was 1.21M shares.
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SYK) stock’s latest price update
Stryker Corp. (NYSE: SYK) has seen a decline in its stock price by -0.99 in relation to its previous close of 355.11. However, the company has experienced a -2.70% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-03 that Styker’s flagship, Mako Total Knee Platform, its strategic acquisitions and a diversified product portfolio raise optimism about the stock.
SYK’s Market Performance
SYK’s stock has fallen by -2.70% in the past week, with a monthly drop of -2.41% and a quarterly rise of 4.26%. The volatility ratio for the week is 1.46% while the volatility levels for the last 30 days are 1.54% for Stryker Corp. The simple moving average for the last 20 days is -3.12% for SYK stock, with a simple moving average of 4.00% for the last 200 days.
Analysts’ Opinion of SYK
Many brokerage firms have already submitted their reports for SYK stocks, with Wolfe Research repeating the rating for SYK by listing it as a “Outperform.” The predicted price for SYK in the upcoming period, according to Wolfe Research is $405 based on the research report published on September 10, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see SYK reach a price target of $372. The rating they have provided for SYK stocks is “Neutral” according to the report published on May 30th, 2024.
Needham gave a rating of “Buy” to SYK, setting the target price at $392 in the report published on May 22nd of the current year.
SYK Trading at 0.89% 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 -6.14% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.46%, as shares sank -1.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.29% upper at present.
During the last 5 trading sessions, SYK fell by -2.70%, which changed the moving average for the period of 200-days by +21.18% in comparison to the 20-day moving average, which settled at $362.61. In addition, Stryker Corp. saw 17.41% 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 Fink M Kathryn, who sale 7,347 shares at the price of $366.98 back on Sep 17 ’24. After this action, Fink M Kathryn now owns 10,042 shares of Stryker Corp., valued at $2,696,186 using the latest closing price.
Fink M Kathryn, the VP, Chief HR Officer of Stryker Corp., sale 2,121 shares at $370.00 during a trade that took place back on Sep 13 ’24, which means that Fink M Kathryn is holding 10,042 shares at $784,770 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 18.58, with 9.01 for asset returns.
Based on Stryker Corp. (SYK), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28.
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 6.77. The receivables turnover for the company is 5.91for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
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.
