Stryker Corp. (NYSE: SYK) has a higher price-to-earnings ratio of 40.51x compared to its average ratio. SYK has 36-month beta value of 0.92. Analysts have mixed views 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 1.42% ratio of that float. The average trading volume of SYK on October 24, 2024 was 1.18M shares.
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SYK) stock’s latest price update
The stock of Stryker Corp. (NYSE: SYK) has decreased by -0.76 when compared to last closing price of 366.02.Despite this, the company has seen a gain of 0.53% in its stock price over the last five trading days. zacks.com reported 2024-10-23 that Investors with an interest in Medical – Products stocks have likely encountered both Prestige Consumer Healthcare (PBH) and Stryker (SYK). But which of these two companies is the best option for those looking for undervalued stocks?
SYK’s Market Performance
Stryker Corp. (SYK) has seen a 0.53% rise in stock performance for the week, with a 0.62% gain in the past month and a 10.93% surge in the past quarter. The volatility ratio for the week is 1.75%, and the volatility levels for the past 30 days are at 1.63% for SYK.. The simple moving average for the past 20 days is 1.42% for SYK’s stock, with a 5.98% simple moving average for the past 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 1.63% 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 -3.04% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.75%, as shares surge +1.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.41% upper at present.
During the last 5 trading sessions, SYK rose by +0.53%, which changed the moving average for the period of 200-days by +21.09% in comparison to the 20-day moving average, which settled at $358.14. In addition, Stryker Corp. saw 21.30% 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 6.98. 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 put it simply, Stryker Corp. (SYK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
