Zimmer Biomet Holdings Inc. (NYSE:ZBH) saw a downside of -3.82% to close Tuesday at $115.75 after subtracting -$4.6 on the day. The 5-day average trading volume is 1,635,420 shares of the company’s common stock. It has gained $122.82 in the past week and touched a new high 1 time within the past 5 days. An average of 1,578,805 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,370,860.
ZBH’s 1-month performance is -17.83% or -$26.48 on its low of $114.75 reached on 08/22/23. The company’s shares have touched a 52-week low of $102.60 and high of $149.25, with the stock’s rally to the 52-week high happening on 05/02/23. YTD, ZBH has lost -9.22% or -$11.75 and has reached a new high 10 times. However, the current price is down -22.45% from the 52-week high price.
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Insider Transactions
ZBH stock investors last saw insider trading activity on Mar 17.Phipps Chad F (Sr. VP/Gen Counsel/Secretary) most recently sold 23,045 shares at $124.50 per share on Mar 17. This transaction cost the insider $2,869,113. 10% Owner, ZIMMER BIOMET HOLDINGS, INC., sold 5,131,946 shares at a price of $9.57 on Feb 01. Then, on Dec 13, Sr. VP/Gen Counsel/Secretary Phipps Chad F sold 11,522 shares at a price of $128.63 per share. This transaction amounted to $1,482,079.
Valuation Metrics
ZBH stock has a beta of 1.05. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.37 while the price-to-book (PB) in the most recent quarter is 1.95, with the price to cash flow ratio at 33.82.
Zimmer Biomet Holdings Inc.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 2.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.42, while the total debt to equity was 0.46.. In terms of profitability, the gross margin trailing 12 months is 71.70%. The firm’s gross profit as reported stood at $4.92 billion against revenue of $6.94 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 26.67% to $209.6 million, while revenue of $232.5 million was -10.93% off the previous quarter. Analysts expected ZBH to announce $1.81 per share in earnings in its latest quarter, but it posted $1.82, representing a 0.60% surprise. EBITDA for the quarter stood at more than $567.2 million. ZBH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 8.92 billion, with total debt at $5.92 billion. Shareholders hold equity totaling $208.96 million.
Let’s look briefly at Zimmer Biomet Holdings Inc. (ZBH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 13.07% to suggest the stock is trending oversold, with historical volatility in this time period at 18.59%.
The stock’s 5-day moving average is $119.14, reflecting a -5.53% or -$6.77 change from its current price. ZBH is currently trading -17.50% above its 20-day SMA, -8.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.90% and SMA200 by+7.48%.
Stochastic %K and %D was 9.88% and 6.54% and the average true range (ATR) pointed at 2.46. The RSI (14) points at 16.82%, while the 14-day stochastic is at 7.46% with the period’s ATR at 2.44. The stock’s 9-day MACD Oscillator is pointing at -2.76 and -4.32 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Zimmer Biomet Holdings Inc. (NYSE: ZBH), BofA Securities upgraded it to a Neutral rating. They previously had an Underperform rating on the stock. Analysts offering their rating for ZBH stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate ZBH as a “sell,”, while 16 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 6 have offered a “buy” rating.
What is ZBH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $120.00 and a high of $172.00, with their median price target at $152.00. Looking at these predictions, the average price target given by analysts is for Zimmer Biomet Holdings Inc. (ZBH) stock is $150.61.
