Koninklijke Philips N.V. (NYSE:PHG) shares, rose in value on Thursday, July 22, with the stock price up by 1.53% to the previous day’s close as strong demand from buyers drove the stock to $47.14.
Actively observing the price movement in the recent trading, the stock is buoying the session at $46.43, falling within a range of $46.05 and $46.52. The value of beta (5-year monthly) is 0.68 whereas the PE ratio is 32.81 over 12-month period. Referring to stock’s 52-week performance, its high was $61.23, and the low was $44.24. On the whole, PHG has fluctuated by -9.05% over the past month.
The company’s Forward Dividend Ratio is 1.03, with its dividend yield at 2.22%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PHG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
20 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 10 analyst(s), 9 recommend it as a Buy and 1 called the PHG stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 8.00, with the price of PHG currently trading nearly -1.41% and -10.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.26, while the 7-day volatility ratio is showing 1.12% which for the 30-day chart, stands at 0.88%. Furthermore, Koninklijke Philips N.V. (PHG)’s beta value is 0.81, and its average true range (ATR) is 0.71. The company’s stock has been forecasted to trade at an average price of $61.60 over the course of the next 52 weeks, with a low of $50.87 and a high of $71.65. Based on these price targets, the low is -7.91% off current price, whereas the price has to move -51.99% to reach the yearly target high. Additionally, analysts’ median price of $61.64 is likely to be welcomed by investors because it represents a decrease of -30.76% from the current levels.
A comparison of Koninklijke Philips N.V. (PHG) with its peers suggests the former has fared considerably weaker in the market. PHG showed an intraday change of 1.53% in today’s session so far, and over the past year, it shrunk by -10.63%%. In comparison, Hologic Inc. (HOLX) has moved higher at 3.04% today and is up 13.20% over the past 12 months. The PE ratio stands at 32.81 for Koninklijke Philips N.V., compared to 9.61 for Hologic Inc.. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.03%. Meanwhile, the Dow Jones Industrial Slipped by -0.14%.
Data on historical trading for Koninklijke Philips N.V. (NYSE:PHG) indicates that the trading volumes over the past 10 days have averaged 1.51 million and over the past 3 months, they’ve averaged 857.53K. According to company’s latest data on outstanding shares, there are 905.24 million shares outstanding.
Koninklijke Philips N.V.’s shares belong to company insiders and institutional investors own 8.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.28 million shares as on May 27, 2021, resulting in a short ratio of 1.94. According to the data, the short interest in Koninklijke Philips N.V. (PHG) stood at 0.14% of shares outstanding as of May 27, 2021; the number of short shares registered in Apr 29, 2021 reached 1.51 million. The stock has fallen by -14.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PHG stock heading into the next quarter.