Smith & Nephew plc (NYSE:SNN) finished Friday with an addition of $0.17 to close at $28.44, an upside of 0.60 percent. An average of 700,480 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 801,505 shares traded, while the 50-day average volume stands at 862,900.
SNN stock has decreased by -7.36% in the last month. The company shares reached their 1-month lowest point of $28.15 on 08/08/23. With the stock rallying to its 52-week high on 04/28/23, shares of the company touched a low of $21.77 and a high of $33.08 in 52 weeks. It has reached a new high 15 times so far this year and achieved 5.76% or $1.55 in price. In spite of this, the price is down -14.04% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Smith & Nephew plc (SNN) has a trailing price-to-earnings (P/E) ratio of 56.99. The stock’s beta is 0.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.32, the price-to-book (PB) ratio at 2.37.
The company has a payout ratio of 89.00%. The company’s most recent quarterly dividend payment was $0.4620 a share, without any change from last year. Its latest increase dividend $0.1740 reported on Monday February 27 2023.
Financial Health
The quick ratio of Smith & Nephew plc for the recent quarter was 0.80, and the current ratio was 2.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.50 and a total debt to equity ratio of 0.58 for the recent quarter. Smith & Nephew plc’s EBITDA margin is 25.62%, while its operating margin for the same period stands at 9.00%. Its gross profit as reported stood at $3.67 billion compared to revenue of $5.21 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Smith & Nephew plc (SNN) price momentum. RSI 9-day as of the close on 11 August was 29.91%, suggesting the stock is oversold, with historical volatility in this time frame at 17.47%.
As of today, SNN’s price is $28.37 -0.49% or -$0.14 from its 5-day moving average. SNN is currently trading -8.29% lower than its 20-day SMA and -0.21% lower than its 100-day SMA. However, the stock’s current price level is -4.88% below the SMA50 and +22.53% above the SMA200.
The stochastic %K and %D were 6.55% and 5.15%, respectively, and the average true range (ATR) was 0.45. With the 14-day stochastic at 9.19% and the average true range at 0.47, the RSI (14) stands at 33.20%. The stock has reached -0.33 on the 9-day MACD Oscillator while the 14-day reading was at -1.06.
Analyst Ratings
UBS upgraded Smith & Nephew plc (NYSE: SNN) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for Smith & Nephew plc (SNN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SNN, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is SNN’s price target for the next 12 months?
Analysts predict a range of price targets between $29.32 and $40.87, with a median target of $35.03. Taking a look at these predictions, the average price target given by analysts for Smith & Nephew plc (SNN) stock is $34.99.
