Zimmer Biomet Holdings Inc (NYSE: ZBH) is -1.95% lower on its value in year-to-date trading and has touched a low of $102.00 and a high of $149.25 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 ZBH stock was last observed hovering at around $121.30 in the last trading session, with the day’s loss setting it -1.97%.
Currently trading at $119.33, the stock is -6.31% and -5.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -1.62% at the moment leaves the stock -1.77% off its SMA200. ZBH registered -11.16% loss for a year compared to 6-month gain of 11.95%.
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The stock witnessed a -5.79% loss in the last 1 month and extending the period to 3 months gives it a -3.63%, and is -6.42% 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 2.52% over the week and 1.75% over the month.
Zimmer Biomet Holdings Inc (ZBH) has around 18000 employees, a market worth around $24.47B and $7.39B in sales. Current P/E ratio is 24.41 and Fwd P/E is 13.74. Profit margin for the company is 13.85%. Distance from 52-week low is 16.99% and -20.05% from its 52-week high. The company has generated returns on investments over the last 12 months (5.84%).
The EPS is expected to grow by 6.81% this year
The shares outstanding are 205.60M, and float is at 204.81M with Short Float at 2.31%.
Zimmer Biomet Holdings Inc (ZBH) Insider Activity
The most recent transaction is an insider sale by Yi Sang, the company’s Group President, Asia Pacific. SEC filings show that Yi Sang sold 1,705 shares of the company’s common stock on Mar 07 ’24 at a price of $126.86 per share for a total of $0.22 million. Following the sale, the insider now owns 18179.0 shares.
Zimmer Biomet Holdings Inc disclosed in a document filed with the SEC on Feb 22 ’24 that Phipps Chad F (Sr. VP/Gen Counsel/Secretary) sold a total of 26,156 shares of the company’s common stock. The trade occurred on Feb 22 ’24 and was made at $128.62 per share for $3.36 million. Following the transaction, the insider now directly holds 44145.0 shares of the ZBH stock.
Still, SEC filings show that on Nov 09 ’23, Jafry Syed A. (Director) acquired 2,135 shares at an average price of $104.75 for $0.22 million. The insider now directly holds 4,060 shares of Zimmer Biomet Holdings Inc (ZBH).
