Stryker Corp. (NYSE:SYK) shares, rose in value, with the stock price up by 0.63% to the previous day’s close as strong demand from buyers drove the stock to $355.60.
Actively observing the price movement in the last trading, the stock closed the session at $353.37, falling within a range of $352.93 and $358.87. The value of beta (5-year monthly) was 0.918 whereas the PE ratio was 39.66 over 12-month period. Referring to stock’s 52-week performance, its high was $374.63, and the low was $249.98. On the whole, SYK has fluctuated by -3.31% over the past month.
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With the market capitalization of Stryker Corp. currently standing at about $135.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-31. The company’s Forward Dividend Ratio is 3.20, with its dividend yield at 0.90%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 22.38B, with a low estimate of 5.3B and a high estimate of 5.41B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.37B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SYK’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.87, with the price of SYK currently trading nearly -0.82% and 1.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.87, while the 7-day volatility ratio is showing 1.53% which for the 30-day chart, stands at 1.57%. Furthermore, Stryker Corp. (SYK)’s beta value is 0.92, and its average true range (ATR) is 5.75.
A comparison of Stryker Corp. (SYK) with its peers suggests the former has fared considerably weaker in the market. SYK showed an intraday change of 0.63% in last session, and over the past year, it grew by 36.74%%.
Data on historical trading for Stryker Corp. (NYSE:SYK) indicates that the trading volumes over the past 10 days have averaged 0.83 and over the past 3 months, they’ve averaged 1.22 million. According to company’s latest data on outstanding shares, there are 380.10 million shares outstanding.
Nearly 6.16% of Stryker Corp.’s shares belong to company insiders and institutional investors own 79.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.09 million shares as on 2024-09-30, resulting in a short ratio of 4.62. According to the data, the short interest in Stryker Corp. (SYK) stood at 141.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 4.45 million. The stock has risen by 18.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SYK stock heading into the next quarter.
