In the Green: Zimmer Biomet Holdings Inc (ZBH) Closes at 101.77, Up/Down -0.50 from Previous Day

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In the latest session, Zimmer Biomet Holdings Inc (NYSE: ZBH) closed at $101.77 down -0.50% from its previous closing price of $102.28. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 1.44 million shares were traded. ZBH stock price reached its highest trading level at $102.78 during the session, while it also had its lowest trading level at $101.64.

Ratios:

For a deeper understanding of Zimmer Biomet Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 49.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.19. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.31.

On July 01, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $140 to $115.

On May 30, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $129.Goldman initiated its Neutral rating on May 30, 2024, with a $129 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 31 ’24 when Yi Sang sold 12,857 shares for $114.69 per share. The transaction valued at 1,474,582 led to the insider holds 5,322 shares of the business.

Yi Sang sold 1,705 shares of ZBH for $216,296 on Mar 07 ’24. The Group President, Asia Pacific now owns 18,179 shares after completing the transaction at $126.86 per share. On Feb 22 ’24, another insider, Phipps Chad F, who serves as the Sr. VP/Gen Counsel/Secretary of the company, sold 26,156 shares for $128.62 each. As a result, the insider received 3,364,126 and left with 44,145 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, ZBH now has a Market Capitalization of 20725663744 and an Enterprise Value of 26348601344. As of this moment, Zimmer’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.22, and their Forward P/E ratio for the next fiscal year is 11.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.75 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 3.502 whereas that against EBITDA is 10.453.

Stock Price History:

Over the past 52 weeks, ZBH has reached a high of $133.90, while it has fallen to a 52-week low of $102.00. The 50-Day Moving Average of the stock is -6.42%, while the 200-Day Moving Average is calculated to be -12.95%.

Shares Statistics:

For the past three months, ZBH has traded an average of 1.49M shares per day and 1399550 over the past ten days. A total of 205.60M shares are outstanding, with a floating share count of 203.37M. Insiders hold about 0.14% of the company’s shares, while institutions hold 93.18% stake in the company. Shares short for ZBH as of 1726185600 were 5795259 with a Short Ratio of 3.90, compared to 1723680000 on 5793234. Therefore, it implies a Short% of Shares Outstanding of 5795259 and a Short% of Float of 3.2300000000000004.

Dividends & Splits

According to the company, the forward annual dividend rate for ZBH is 0.96, from 0.96 in the trailing year. Against a Trailing Annual Dividend Yield of 0.009385999The stock’s 5-year Average Dividend Yield is 0.75.

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