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After finishing at $334.30 in the prior trading day, Stryker Corp. (NYSE: SYK) closed at $332.02, down -0.68%. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 0.52 million shares were traded. SYK stock price reached its highest trading level at $334.71 during the session, while it also had its lowest trading level at $331.76.
Ratios:
Our goal is to gain a better understanding of SYK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 52.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.26. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.58.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on May 30, 2024, initiated with a Neutral rating and assigned the stock a target price of $372.
On May 22, 2024, Needham Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $392.
Canaccord Genuity Upgraded its Hold to Buy on January 31, 2024, whereas the target price for the stock was revised from $315 to $360.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 22 ’24 when Fletcher Robert S sold 2,007 shares for $332.99 per share. The transaction valued at 668,308 led to the insider holds 8,896 shares of the business.
Boehnlein Glenn S sold 10,000 shares of SYK for $3,276,516 on May 15 ’24. The VP, Chief Financial Officer now owns 15,012 shares after completing the transaction at $327.65 per share. On Mar 07 ’24, another insider, Berry William E Jr, who serves as the VP, Chief Accounting Officer of the company, sold 7,690 shares for $358.48 each. As a result, the insider received 2,756,730 and left with 3,675 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SYK now has a Market Capitalization of 126483021824 and an Enterprise Value of 137475948544. As of this moment, Stryker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.95, and their Forward P/E ratio for the next fiscal year is 24.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.03 while its Price-to-Book (P/B) ratio in mrq is 6.60. Its current Enterprise Value per Revenue stands at 6.558 whereas that against EBITDA is 25.281.
Stock Price History:
Over the past 52 weeks, SYK has reached a high of $361.41, while it has fallen to a 52-week low of $249.98. The 50-Day Moving Average of the stock is -1.51%, while the 200-Day Moving Average is calculated to be 4.86%.
Shares Statistics:
The stock has traded on average 1.31M shares per day over the past 3-months and 1134510 shares per day over the last 10 days, according to various share statistics. A total of 380.10M shares are outstanding, with a floating share count of 357.46M. Insiders hold about 6.16% of the company’s shares, while institutions hold 80.27% stake in the company. Shares short for SYK as of 1718323200 were 3851839 with a Short Ratio of 2.95, compared to 1715731200 on 4110634. Therefore, it implies a Short% of Shares Outstanding of 3851839 and a Short% of Float of 1.06.
Dividends & Splits
In the trailing 12 months, SYK’s forward annual dividend rate was 3.1, compared to 3.15 this year. Against a Trailing Annual Dividend Yield of 0.009273108The stock’s 5-year Average Dividend Yield is 1.05.
