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Koninklijke Philips N.V. (NYSE: PHG) Is A Hot Stock At The Moment

Koninklijke Philips N.V. (NYSE:PHG) traded at $14.21 at last check on Wednesday, November 23, made an upward move of 0.92% on its previous day’s price.

Looking at the stock we see that its previous close was $14.08 and the beta (5Y monthly) reads 0.76 with the day’s price range being $13.9401 – $14.10. In terms of its 52-week price range, PHG has a high of $39.14 and a low of $11.75. The company’s stock has gained about 9.23% over that past 30 days.

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Koninklijke Philips N.V. has a market cap of $12.71 billion. With its Forward Dividend at 0.91 and a yield of 6.48%, the company’s investors could be anxious for the PHG stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at $0.44 for 2022 and $0.87 for next year. These figures represent -77.40% and 97.70% growth in EPS for the two years respectively.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $17.21 billion, or -15.10% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PHG stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is 5.26% off its SMA20 and -2.17% from its 50-day simple moving average. The RSI (14) is pointing at 52.20 while the volatility over the past week is 1.70% and jumps to 2.57% over the past one month. The beta value is 0.85, while the average true range (ATR) is currently pointing at 0.48.

Let’s briefly compare Koninklijke Philips N.V. (PHG) stock to its peers. We find that today’s price change of 0.92% and -63.76% over the past 12 months for PHG competes that of Hologic Inc. (HOLX), which has seen its stock price rise 0.01% in the latest trading session and is 0.91% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.55% and 0.28%, respectively, in early deals.

Coming back to Koninklijke Philips N.V. (NYSE:PHG), we note that the average 3-month trading volume was 2.98 million, while that of the preceding 10-day period stands at 2.63 million. Current shares outstanding are 885.33 million.

The institutions hold 10.60%. The data shows that short shares as of Oct 30, 2022, stood at 2.68 million at a short ratio of 0.74. This represents a 0.30% short interest in shares outstanding on Oct 30, 2022. Shares short rose in October from the previous month at 2.08 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -61.79% down in year-to-date price movement.

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