Stryker Corp. (NYSE: SYK) is 20.05% higher on its value in year-to-date trading and has touched a low of $249.98 and a high of $374.63 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 $361.00 in the last trading session, with the day’s loss setting it -1.5%.
Currently trading at $359.50, the stock is -0.92% and 3.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -0.42% at the moment leaves the stock 6.95% off its SMA200. SYK registered 25.10% gain for a year compared to 6-month gain of 2.60%. The firm has a 50-day simple moving average (SMA 50) of $346.4192 and a 200-day simple moving average (SMA200) of $336.47495.
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The stock witnessed a 1.47% loss in the last 1 month and extending the period to 3 months gives it a 5.58%, and is -0.51% 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 1.25% over the week and 1.53% over the month.
Stryker Corp. (SYK) has around 52000 employees, a market worth around $136.99B and $21.39B in sales. Current P/E ratio is 40.09 and Fwd P/E is 26.66. Profit margin for the company is 16.12%. Distance from 52-week low is 43.81% and -4.04% from its 52-week high. The company has generated returns on investments over the last 12 months (11.39%).
with sales reaching $5.37B over the same period.The EPS is expected to grow by 13.24% this year, but quarterly earnings will post 9.20% year-over-year. Quarterly sales are estimated to grow 9.40% in year-over-year returns.
2616.0 institutions hold shares in Stryker Corp. (SYK), with institutional investors hold 83.86% of the company’s shares. The shares outstanding are 380.10M, and float is at 357.62M with Short Float at 1.19%. Institutions hold 79.34% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 32.06 million shares valued at $10.91 billion. The investor’s holdings represent 8.4283 of the SYK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 26.8 million shares valued at $9.12 billion to account for 7.0458 of the shares outstanding. The other top investors are GREENLEAF TRUST which holds 18.55 million shares representing 4.8774 and valued at over $6.31 billion, while STATE STREET CORP holds 3.7504 of the shares totaling 14.27 million with a market value of $4.87 billion.
Stryker Corp. (SYK) Insider Activity
The most recent transaction is an insider sale by Fink M Kathryn, the company’s VP, Chief HR Officer. SEC filings show that Fink M Kathryn sold 7,347 shares of the company’s common stock on Sep 17 ’24 at a price of $366.98 per share for a total of $2.7 million. Following the sale, the insider now owns 10042.0 shares.
Stryker Corp. disclosed in a document filed with the SEC on Sep 13 ’24 that Fink M Kathryn (VP, Chief HR Officer) sold a total of 2,121 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $370.00 per share for $0.78 million. Following the transaction, the insider now directly holds 10042.0 shares of the SYK stock.
Still, SEC filings show that on Sep 17 ’24, Fink M Kathryn (Officer) Proposed Sale 7,347 shares at an average price of $371.19 for $2.73 million. The insider now directly holds shares of Stryker Corp. (SYK).
