Stryker Corp. (NYSE: SYK) is 9.96% higher on its value in year-to-date trading and has touched a low of $249.98 and a high of $361.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SYK stock was last observed hovering at around $332.14 in the last trading session, with the day’s loss setting it -2.86%.
Currently trading at $329.28, the stock is -1.56% and -4.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -0.86% at the moment leaves the stock 7.51% off its SMA200. SYK registered 14.23% gain for a year compared to 6-month gain of 18.94%.
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The stock witnessed a -6.16% loss in the last 1 month and extending the period to 3 months gives it a -3.92%, and is 0.35% up 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 2.10% over the week and 2.04% over the month.
Stryker Corp. (SYK) has around 52000 employees, a market worth around $125.44B and $20.96B in sales. Current P/E ratio is 37.64 and Fwd P/E is 24.57. Profit margin for the company is 16.03%. Distance from 52-week low is 31.72% and -8.89% from its 52-week high. The company has generated returns on investments over the last 12 months (11.07%).
The EPS is expected to grow by 12.79% this year
The shares outstanding are 380.10M, and float is at 357.22M with Short Float at 1.21%.
Stryker Corp. (SYK) Insider Activity
The most recent transaction is an insider sale by Berry William E Jr, the company’s VP, Chief Accounting Officer. SEC filings show that Berry William E Jr sold 7,690 shares of the company’s common stock on Mar 07 ’24 at a price of $358.48 per share for a total of $2.76 million. Following the sale, the insider now owns 3675.0 shares.
Stryker Corp. disclosed in a document filed with the SEC on Feb 09 ’24 that Boehnlein Glenn S (VP, Chief Financial Officer) sold a total of 9,600 shares of the company’s common stock. The trade occurred on Feb 09 ’24 and was made at $342.81 per share for $3.29 million. Following the transaction, the insider now directly holds 20194.0 shares of the SYK stock.
Still, SEC filings show that on Feb 06 ’24, STRYKER RONDA E (Director) disposed off 92,296 shares at an average price of $339.95 for $31.38 million. The insider now directly holds 3,662,832 shares of Stryker Corp. (SYK).
