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DENTSPLY Sirona Inc (XRAY) Stock Could Soon Reward Patient Investors

DENTSPLY Sirona Inc (NASDAQ: XRAY) is -10.56% lower on its value in year-to-date trading and has touched a low of $26.27 and a high of $43.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The XRAY stock was last observed hovering at around $32.25 in the last trading session, with the day’s loss setting it -0.42%.

Currently trading at $31.83, the stock is -4.16% and -5.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 47.63 million and changing -1.30% at the moment leaves the stock -8.82% off its SMA200. XRAY registered -17.45% loss for a year compared to 6-month loss of -6.82%. The firm has a 50-day simple moving average (SMA 50) of $2.18 and a 200-day simple moving average (SMA200) of $34.77.

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The stock witnessed a -4.33% gain in the last 1 month and extending the period to 3 months gives it a -10.56%, and is -3.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.81% over the week and 2.08% over the month.

DENTSPLY Sirona Inc (XRAY) has around 15000 employees, a market worth around $6.60B and $3.96B in sales. Fwd P/E is 13.17. Profit margin for the company is -3.33%. Distance from 52-week low is 21.16% and -26.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.53%).

DENTSPLY Sirona Inc quarterly earnings per share for the current quarter are estimated at $0.42 with sales reaching $969.57M over the same period.The EPS is expected to grow by 12.60% this year, but quarterly earnings will post 0.80% year-over-year. Quarterly sales are estimated to shrink -0.90% in year-over-year returns.

DENTSPLY Sirona Inc (XRAY) Top Institutional Holders

643 institutions hold shares in DENTSPLY Sirona Inc (XRAY), with institutional investors hold 106.45% of the company’s shares. The shares outstanding are 207.20M, and float is at 205.37M with Short Float at 4.90%. Institutions hold 105.83% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 24.88 million shares valued at $995.75 million. The investor’s holdings represent 11.75% of the XRAY Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.23 million shares valued at $649.59 million to account for 7.67% of the shares outstanding. The other top investors are Artisan Partners Limited Partnership which holds 13.47 million shares representing 6.36% and valued at over $539.24 million, while First Eagle Investment Management, LLC holds 4.60% of the shares totaling 9.74 million with a market value of $389.63 million.

DENTSPLY Sirona Inc (XRAY) Insider Activity

The most recent transaction is an insider purchase by LUCIER GREGORY T,the company’sDirector. SEC filings show that LUCIER GREGORY T bought 10,000 shares of the company’s common stock on Nov 22 ’23 at a price of $31.44 per share for a total of $0.31 million. Following the purchase, the insider now owns 43121.0 shares.

DENTSPLY Sirona Inc disclosed in a document filed with the SEC on Nov 20 ’23 that Campion Simon D (President, CEO & Member of BOD) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Nov 20 ’23 and was made at $29.70 per share for $0.3 million. Following the transaction, the insider now directly holds 0.24 million shares of the XRAY stock.

Still, SEC filings show that on Nov 20 ’23, Coleman Glenn (Executive VP & CFO) acquired 10,000 shares at an average price of $29.70 for $0.3 million. The insider now directly holds 73,566 shares of DENTSPLY Sirona Inc (XRAY).

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