Stryker Corp (NYSE:SYK) shares, rose in value on Friday, May 09, with the stock price down by -0.40% to the previous day’s close as strong demand from buyers drove the stock to $380.92.
Actively observing the price movement in the last trading, the stock closed the session at $382.46. The PE ratio was 51.40 over 12-month period. Referring to stock’s 52-week performance, its high was $406.19, and the low was $314.93. On the whole, SYK has fluctuated by 4.95% over the past month.
With the market capitalization of Stryker Corp currently standing at about $145.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 3.28, with its dividend yield at 0.86%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 24.75B, with a low estimate of 5.75B and a high estimate of 6.09B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.92B.
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% Sell on average. However, medium-term indicators have put the stock in the category of Hold 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 4.73, with the price of SYK currently trading nearly 4.58% and 3.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.43, while the 7-day volatility ratio is showing 1.97% which for the 30-day chart, stands at 2.62%. Furthermore, Stryker Corp (SYK)’s beta value is 0.94, and its average true range (ATR) is 10.06.
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 -0.40% in last session, and over the past year, it grew by 14.69%%.
Data on historical trading for Stryker Corp (NYSE:SYK) indicates that the trading volumes over the past 3 months, they’ve averaged 1.66 million. According to company’s latest data on outstanding shares, there are 382.10 million shares outstanding.
Nearly 6.45% of Stryker Corp’s shares belong to company insiders and institutional investors own 79.32% of the company’s shares. The stock has risen by 5.80% 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.
