DENTSPLY Sirona Inc (NASDAQ:XRAY) price on current trading day, fall -7.09% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.48.
A look at the stock’s price movement, the level at last check in today’s session was $18.81. Turning to its 52-week performance, $34.91 and $17.21 were the 52-week high and 52-week low respectively. Overall, XRAY moved -10.92% over the past month.
DENTSPLY Sirona Inc’s market cap currently stands at around $3.47 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.64, with its dividend yield at 3.66%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 909.68M for the company’s revenue for the quarter, with a low and high estimate of 880M and 924M respectively. The average forecast suggests down to a -4.55% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.72B, representing a -1.84% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that XRAY is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend XRAY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
XRAY’s current price about -7.49% and -7.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.51, while 7-day volatility ratio is 2.75% and 2.66% in the 30-day chart. Further, DENTSPLY Sirona Inc (XRAY) has a beta value of 0.97, and an average true range (ATR) of 0.62. Analysts have given the company’s stock an average 52-week price target of $20, forecast between a low of $20 and high of $20. Looking at the price targets, the low is -14.42% off recent price level in today’s trading while to achieve the yearly target high, it has to move -14.42%. Nonetheless, investors will most likely welcome a -14.42% jump to $20 which is the analysts’ median price.
If we refocus on DENTSPLY Sirona Inc (NASDAQ:XRAY), historical trading data shows that trading volumes averaged 2.53 million over the past 3 months. The company’s latest data on shares outstanding shows there are 198.80 million shares.
The 0.62% of DENTSPLY Sirona Inc’s shares are in the hands of company insiders while institutional holders own 102.67% of the company’s shares. Current price change has pushed the stock -7.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XRAY stock continues to rise going into the next quarter.
