A new trading day began on Tuesday, with Stryker Corp. (NYSE: SYK) stock price up 0.84% from the previous day of trading, before settling in for the closing price of $356.01. SYK’s price has ranged from $258.33 to $374.63 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 8.80% over the last five years. Meanwhile, its annual earnings per share averaged 13.31%. With a float of $357.61 million, this company’s outstanding shares have now reached $380.10 million.
The firm has a total of 52000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 62.5%, operating margin of 20.21%, and the pretax margin is 18.78%.
Stryker Corp. (SYK) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Stryker Corp. is 6.16%, while institutional ownership is 78.78%. The most recent insider transaction that took place on Sep 17 ’24, was worth 2,696,186. In this transaction VP, Chief HR Officer of this company sold 7,347 shares at a rate of $366.98, taking the stock ownership to the 10,042 shares. Before that another transaction happened on Sep 13 ’24, when Company’s VP, Chief HR Officer sold 2,121 for $370.00, making the entire transaction worth $784,770. This insider now owns 10,042 shares in total.
Stryker Corp. (SYK) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 3.46 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.86 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.25% during the next five years compared to -2.45% drop over the previous five years of trading.
Stryker Corp. (NYSE: SYK) Trading Performance Indicators
Here are Stryker Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.40. Likewise, its price to free cash flow for the trailing twelve months is 48.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.97, a number that is poised to hit 3.92 in the next quarter and is forecasted to reach 13.50 in one year’s time.
Technical Analysis of Stryker Corp. (SYK)
Analysing the last 5-days average volume posted by the [Stryker Corp., SYK], we can find that recorded value of 1.28 million was better than the volume posted last year of 1.25 million. As of the previous 9 days, the stock’s Stochastic %D was 23.44%. Additionally, its Average True Range was 6.39.
During the past 100 days, Stryker Corp.’s (SYK) raw stochastic average was set at 73.84%, which indicates a significant increase from 38.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.44% in the past 14 days, which was lower than the 18.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $359.07, while its 200-day Moving Average is $343.72. Now, the first resistance to watch is $363.10. This is followed by the second major resistance level at $367.18. The third major resistance level sits at $372.01. If the price goes on to break the first support level at $354.19, it is likely to go to the next support level at $349.36. Should the price break the second support level, the third support level stands at $345.28.
Stryker Corp. (NYSE: SYK) Key Stats
With a market capitalization of 136.81 billion, the company has a total of 381,075K Shares Outstanding. Currently, annual sales are 20,498 M while annual income is 3,165 M. The company’s previous quarter sales were 5,422 M while its latest quarter income was 825,000 K.
