At the last check on Friday, Koninklijke Philips N.V.’s (NYSE:PHG) stock was down -$0.41, moving down -1.86 percent to $21.92. The average number of shares traded per day over the past five days has been 670,506 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.10 fall in that time frame. In the last twenty days, the average volume was 736,257, while in the previous 50 days, it was 910,229.
Since last month, PHG stock rose 6.59%. Shares of the company fell to $20.14 on 08/02/23, the lowest level in the past month. A 52-week high of $23.30 was reached on 07/21/23 after having rallying from a 52-week low of $11.25. Since the beginning of this year, PHG’s stock price has risen by 52.73% or $6.94, and marked a new high 22 times. However, the stock has declined by -5.94% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 1.03, the price-to-book (PB) ratio of 1.54, and the price-to-cash flow ratio of 276.48 may also be considered.
The latest dividend of $0.9387 per share was paid out, which is -2.63% less than last year’s $0.9641. On Thursday April 27 2023, a $0.0254 dividend decrease was announced.
Financial Health
In the three months ended June 29, Koninklijke Philips N.V.’s quick ratio stood at 0.70, while its current ratio was 1.20, 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 quarter ending June 29 was 0.59, and the total debt-to-equity ratio was 0.68. On the profitability front, the trailing twelve-month gross margin is 41.70% percent. In the year ended June 29, EBITDA margin amounted to 7.90%, whereas operating margins totaled -9.40%. Based on annual data, PHG earned $7.58 billion in gross profit and brought in $18.78 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 -6.90%. Return on equity (ROE) for the past 12 months was -15.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PHG’s revenue rose 3.76% during the quarter, while net income inched up to $19.97 billion. While analysts expected Koninklijke Philips N.V. to report $0.32 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by -3.10%. During the quarter, the company generated $242.07 million in EBITDA. The liabilities of Koninklijke Philips N.V. were 18.92 billion at the end of its most recent quarter ended June 29, and its total debt was $8.22 billion.
Technical Picture
This quick technical analysis looks at Koninklijke Philips N.V.’s (PHG) price momentum. With a historical volatility rate of 19.15%, the RSI 9-day stood at 50.41% on 31 August.
With respect to its five-day moving average, the current Koninklijke Philips N.V. price is down by -0.44% percent or -$0.10. At present, PHG shares trade +6.26% above its 20-day simple moving average and +17.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.25% above its SMA50 and +46.91% above its SMA200.
Stochastic coefficient K was 77.39% and Stochastic coefficient D was 85.64%, while ATR was 0.38. Given the Stochastic reading of 55.05% for the 14-day period, the RSI (14) reading has been calculated as 53.05%. As of today, the MACD Oscillator reading stands at 0.08, while the 14-day reading stands at 0.21.
Analyst Ratings
Goldman launched its rating on Koninklijke Philips N.V. (NYSE: PHG) to a Buy in a note to investors on July 12, 2023. Koninklijke Philips N.V. (PHG) has been rated Hold by analysts. According to 5 brokerage firms, PHG is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Koninklijke Philips N.V. stock as buy, with 3 recommending it as overweight.
With a median target price of $22.09, the current consensus forecast for the stock is $12.57 – $32.42. Based on these forecasts, analysts predict Koninklijke Philips N.V. (PHG) will achieve an average price target of $21.34.
