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.
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.
