Zimmer Biomet Holdings Inc (NYSE: ZBH) kicked off on Tuesday, up 0.44% from the previous trading day, before settling in for the closing price of $109.46. Over the past 52 weeks, ZBH has traded in a range of $101.47-$133.90.
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A company in the Healthcare sector has dropped its sales by -1.20% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 5.85%. With a float of $198.80 million, this company’s outstanding shares have now reached $205.60 million.
In an organization with 18000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 66.29%, operating margin of 18.12%, and the pretax margin is 13.59%.
Zimmer Biomet Holdings Inc (ZBH) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Zimmer Biomet Holdings Inc is 0.14%, while institutional ownership is 94.73%. 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) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 2.2 earnings per share (EPS), higher than consensus estimate (set at 2.15) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.85% per share during the next fiscal year.
Zimmer Biomet Holdings Inc (NYSE: ZBH) Trading Performance Indicators
Take a look at Zimmer Biomet Holdings Inc’s (ZBH) current performance indicators. Last quarter, stock had a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.88. Likewise, its price to free cash flow for the trailing twelve months is 19.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.25, a number that is poised to hit 2.30 in the next quarter and is forecasted to reach 8.59 in one year’s time.
Technical Analysis of Zimmer Biomet Holdings Inc (ZBH)
Let’s dig in a bit further. During the last 5-days, its volume was 1.45 million. That was inferior than the volume of 1.49 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.89%. Additionally, its Average True Range was 2.15.
During the past 100 days, Zimmer Biomet Holdings Inc’s (ZBH) raw stochastic average was set at 55.58%, which indicates a significant decrease from 72.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.05% in the past 14 days, which was higher than the 24.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $106.13, while its 200-day Moving Average is $114.96. However, in the short run, Zimmer Biomet Holdings Inc’s stock first resistance to watch stands at $110.59. Second resistance stands at $111.24. The third major resistance level sits at $112.10. If the price goes on to break the first support level at $109.08, it is likely to go to the next support level at $108.22. The third support level lies at $107.57 if the price breaches the second support level.
Zimmer Biomet Holdings Inc (NYSE: ZBH) Key Stats
The company with the Market Capitalisation of 21.89 billion has total of 199,074K Shares Outstanding. Its annual sales at the moment are 7,394 M in contrast with the sum of 1,024 M annual income. Company’s last quarter sales were recorded 1,824 M and last quarter income was 249,000 K.
