Smith & Nephew plc (SNN) Reached A New High 1 time During The Past Five Days


As of Wednesday close, Smith & Nephew plc’s (NYSE:SNN) stock was down -$0.69, moving down -2.23 percent to $30.25. The average number of shares traded per day over the past five days has been 1,097,300 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.25 fall in that time frame. In the last twenty days, the average volume was 861,035, while in the previous 50 days, it was 1,015,692.

Since last month, SNN stock retreated -4.00%. Shares of the company fell to $29.97 on 05/24/23, the lowest level in the past month. A 52-week high of $33.08 was reached on 04/28/23 after having rallying from a 52-week low of $21.77. Since the beginning of this year, SNN’s stock price has risen by 12.50% or $3.36, and marked a new high 15 times. However, the stock has declined by -8.57% since its 52-week high.

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Valuation Metrics

Right now, Smith & Nephew plc (SNN) has a P/E ratio of about 59.43. The stock’s beta is 0.60. Besides these, the trailing price-to-sales (P/S) ratio of 2.56, the price-to-book (PB) ratio of 2.51.

The latest dividend of $0.4620 per share was paid out, which is 60.42% more than last year’s $0.2880. On Monday February 27 2023, a $0.1740 dividend increase was announced.

Financial Health

In the recent quarter, Smith & Nephew plc’s quick ratio stood at 1.00, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.52, and the total debt-to-equity ratio was 0.55. On the profitability front, the trailing twelve-month gross margin is 70.50% percent. In the recent year, EBITDA margin amounted to 25.62%, whereas operating margins totaled 8.60%. Based on annual data, SNN earned $3.67 billion in gross profit and brought in $5.21 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.30%. Return on equity (ROE) for the past 12 months was 4.10%.

Technical Picture

This quick technical analysis looks at Smith & Nephew plc’s (SNN) price momentum. With a historical volatility rate of 19.98%, the RSI 9-day stood at 26.22% on 24 May.

With respect to its five-day moving average, the current Smith & Nephew plc price is down by -6.92% percent or -$2.25. At present, SNN shares trade -5.68% below its 20-day simple moving average and +11.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.89% above its SMA50 and +14.80% above its SMA200.

Stochastic coefficient K was 8.77% and Stochastic coefficient D was 18.69%, while ATR was 0.50. Given the Stochastic reading of 10.24% for the 14-day period, the RSI (14) reading has been calculated as 37.04%. As of today, the MACD Oscillator reading stands at -0.79, while the 14-day reading stands at -0.81.

Analyst Ratings

Smith & Nephew plc (SNN) has been rated Overweight by analysts. According to 2 brokerage firms, SNN is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Smith & Nephew plc stock as buy, with 7 recommending it as overweight.

With a median target price of $34.93, the current consensus forecast for the stock is $24.08 – $40.75. Based on these forecasts, analysts predict Smith & Nephew plc (SNN) will achieve an average price target of $35.00.


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