On Tuesday, Zimmer Biomet Holdings Inc (NYSE: ZBH) opened higher 0.27% from the last session, before settling in for the closing price of $103.60. Price fluctuations for ZBH have ranged from $101.47 to $133.90 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -1.20%. Company’s average yearly earnings per share was noted 5.47% at the time writing. With a float of $203.37 million, this company’s outstanding shares have now reached $205.60 million.
Considering the fact that the conglomerate employs 18000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 66.24%, operating margin of 18.11%, and the pretax margin is 13.57%.
Zimmer Biomet Holdings Inc (ZBH) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Zimmer Biomet Holdings Inc is 0.14%, while institutional ownership is 93.03%. The most recent insider transaction that took place on May 31 ’24, was worth 1,474,582. In this transaction Group President, Asia Pacific of this company sold 12,857 shares at a rate of $114.69, taking the stock ownership to the 5,322 shares. Before that another transaction happened on Mar 07 ’24, when Company’s Group President, Asia Pacific sold 1,705 for $126.86, making the entire transaction worth $216,296. This insider now owns 18,179 shares in total.
Zimmer Biomet Holdings Inc (ZBH) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.65 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.6) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.47% per share during the next fiscal year.
Zimmer Biomet Holdings Inc (NYSE: ZBH) Trading Performance Indicators
Check out the current performance indicators for Zimmer Biomet Holdings Inc (ZBH). In the past quarter, the stock posted a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.81. Likewise, its price to free cash flow for the trailing twelve months is 21.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.80, a number that is poised to hit 1.74 in the next quarter and is forecasted to reach 8.57 in one year’s time.
Technical Analysis of Zimmer Biomet Holdings Inc (ZBH)
Compared to the last year’s volume of 1.48 million, its volume of 1.32 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 21.37%. Additionally, its Average True Range was 1.83.
During the past 100 days, Zimmer Biomet Holdings Inc’s (ZBH) raw stochastic average was set at 15.81%, which indicates a significant decrease from 33.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.50% in the past 14 days, which was lower than the 23.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $107.21, while its 200-day Moving Average is $115.63. Nevertheless, the first resistance level for the watch stands at $104.99 in the near term. At $106.09, the stock is likely to face the second major resistance level. The third major resistance level sits at $107.12. If the price goes on to break the first support level at $102.86, it is likely to go to the next support level at $101.83. Now, if the price goes above the second support level, the third support stands at $100.73.
Zimmer Biomet Holdings Inc (NYSE: ZBH) Key Stats
There are currently 203,652K shares outstanding in the company with a market cap of 21.16 billion. Presently, the company’s annual sales total 7,394 M according to its annual income of 1,024 M. Last quarter, the company’s sales amounted to 1,942 M and its income totaled 242,800 K.
