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Medtronic Plc (MDT) – key numbers that make it a Strong Buy For Now

Medtronic Plc (NYSE: MDT) is -6.68% lower on its value in year-to-date trading and has touched a low of $68.84 and a high of $91.00 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 MDT stock was last observed hovering at around $76.84 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $76.88, the stock is -3.98% and -5.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.97 million and changing 0.05% at the moment leaves the stock -5.06% off its SMA200. MDT registered -10.49% loss for a year compared to 6-month loss of -9.09%.

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The stock witnessed a -6.63% gain in the last 1 month and extending the period to 3 months gives it a -7.27%, and is -0.31% 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 1.29% over the week and 1.62% over the month.

Medtronic Plc (MDT) has around 95000 employees, a market worth around $98.58B and $32.36B in sales. Current P/E ratio is 27.84 and Fwd P/E is 13.19. Profit margin for the company is 11.36%. Distance from 52-week low is 11.68% and -15.52% from its 52-week high. The company has generated returns on investments over the last 12 months (4.90%).

The EPS is expected to grow by 4.70% this year.

Medtronic Plc (MDT) Top Institutional Holders

The shares outstanding are 1.31B, and float is at 1.28B with Short Float at 1.28%.

Medtronic Plc (MDT) Insider Activity

The most recent transaction is an insider sale by Martha Geoffrey,the company’sChairman and CEO. SEC filings show that Martha Geoffrey sold 19,113 shares of the company’s common stock on Jun 07 ’24 at a price of $83.77 per share for a total of $1.6 million. Following the sale, the insider now owns 0.14 million shares.

Medtronic Plc disclosed in a document filed with the SEC on Apr 08 ’24 that Marinaro Michael (EVP & President, Surgical OU) sold a total of 854 shares of the company’s common stock. The trade occurred on Apr 08 ’24 and was made at $83.14 per share for $71002.0. Following the transaction, the insider now directly holds 27925.0 shares of the MDT stock.

Still, SEC filings show that on Feb 21 ’24, Salmon Sean (EVP & President Cardiovascular) disposed off 30,695 shares at an average price of $85.13 for $2.61 million. The insider now directly holds 48,289 shares of Medtronic Plc (MDT).

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