Stryker Corp (NYSE: SYK) is 27.71% higher on its value in year-to-date trading and has touched a low of $285.79 and a high of $398.20 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 $389.76 in the last trading session, with the day’s loss setting it -7.31%.
Currently trading at $382.45, the stock is -0.92% and 3.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing -1.88% at the moment leaves the stock 9.17% off its SMA200. SYK registered 31.65% gain for a year compared to 6-month gain of 9.39%. The firm has a 50-day simple moving average (SMA 50) of $369.6022 and a 200-day simple moving average (SMA200) of $350.1423.
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The stock witnessed a 3.40% loss in the last 1 month and extending the period to 3 months gives it a 6.56%, and is -1.47% 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 1.60% over the week and 1.88% over the month.
Stryker Corp (SYK) has around 52000 employees, a market worth around $145.80B and $21.97B in sales. Current P/E ratio is 41.00 and Fwd P/E is 28.27. Profit margin for the company is 16.34%. Distance from 52-week low is 33.82% and -3.96% from its 52-week high. The company has generated returns on investments over the last 12 months (10.61%).
The EPS is expected to grow by 13.73% this year
2665.0 institutions hold shares in Stryker Corp (SYK), with institutional investors hold 85.13% of the company’s shares. The shares outstanding are 381.20M, and float is at 357.30M with Short Float at 1.34%. Institutions hold 80.55% 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 Stiles Spencer S, the company’s Group President. SEC filings show that Stiles Spencer S sold 514 shares of the company’s common stock on Nov 15 ’24 at a price of $391.16 per share for a total of $0.2 million. Following the sale, the insider now owns 50611.0 shares.
Still, SEC filings show that on Nov 07 ’24, Lobo Kevin (Chair and CEO) disposed off 57,313 shares at an average price of $368.70 for $21.13 million. The insider now directly holds 100,027 shares of Stryker Corp (SYK).
