As of Friday close, Smith & Nephew plc’s (NYSE:SNN) stock was down -$0.27, moving down -0.98 percent to $27.18. The average number of shares traded per day over the past five days has been 617,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.26 fall in that time frame. In the last twenty days, the average volume was 756,095, while in the previous 50 days, it was 844,288.
Since last month, SNN stock retreated -12.18%. Shares of the company fell to $27.11 on 08/18/23, 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 1.08% or $0.29, and marked a new high 15 times. However, the stock has declined by -17.85% since its 52-week high.
Valuation Metrics
Right now, Smith & Nephew plc (SNN) has a P/E ratio of about 54.47. The stock’s beta is 0.64. Besides these, the trailing price-to-sales (P/S) ratio of 2.23, the price-to-book (PB) ratio of 2.27, and the price-to-cash flow ratio of 542.35 may also be considered.
The latest dividend of $0.4620 per share was paid out, remained unchanged from last year’s $0.4620. 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 0.80, while its current ratio was 2.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.50, and the total debt-to-equity ratio was 0.58. On the profitability front, the trailing twelve-month gross margin is 70.00% percent. In the recent year, EBITDA margin amounted to 25.62%, whereas operating margins totaled 9.00%. 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 14.17%, the RSI 9-day stood at 21.54% on 18 August.
With respect to its five-day moving average, the current Smith & Nephew plc price is down by -4.43% percent or -$1.26. At present, SNN shares trade -12.66% below its 20-day simple moving average and -3.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.64% below its SMA50 and +12.83% above its SMA200.
Stochastic coefficient K was 4.14% and Stochastic coefficient D was 3.45%, while ATR was 0.45. Given the Stochastic reading of 2.27% for the 14-day period, the RSI (14) reading has been calculated as 26.27%. As of today, the MACD Oscillator reading stands at -0.55, while the 14-day reading stands at -0.94.
Analyst Ratings
UBS upgraded its rating on Smith & Nephew plc (NYSE: SNN) to a Neutral in a note to investors on August 08, 2023. The analysts firm previously had a Sell rating on the stock.Smith & Nephew plc (SNN) has been rated Overweight by analysts. According to 1 brokerage firm, SNN is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Smith & Nephew plc stock as buy, with 7 recommending it as overweight.
With a median target price of $35.03, the current consensus forecast for the stock is $29.32 – $40.87. Based on these forecasts, analysts predict Smith & Nephew plc (SNN) will achieve an average price target of $34.99.
