Smith & Nephew plc (NYSE:SNN) currently has a daily average trading volume of 928.60K but it saw 1942124 shares traded on Wednesday. With a market cap of 13.34B USD, stock’s current market price of $30.25 came falling about -2.23 while comparing to the previous closing price of $30.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.08 and as low as $21.77. In the recent trading on the day, stock has struck highest price mark of $30.41 while lowest mark touched by it was $29.97.
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Taking a look at 20-day trading activity of Smith & Nephew plc (SNN) gives us an average price of $31.95, while its current price level is -8.57% below from 52-week high level whereas it is 38.92% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $30.28 while that of 200 days or SMA-200 reads an average of $27.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.43% during that period while stretching the period over a month that decreases to 1.13%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 37.04 which implies that the stock is in neutral territory.
Smith & Nephew plc (SNN)’s stock is currently under the radar of 17 analysts who are in consensus at a 12-month price target range of between $24.08 and $40.75 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $24.08 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $40.75. Average price target assigned by them is $35.00 which highlights an upside potential of 13.57% for the stock over that period. And to attain the median price target of $34.93 assigned by those analysts, stock has to add about 13.4% of value to its current levels.
Data by FactSet Research shows that 17 analysts have issued their ratings for the stock. 2 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. 7 analysts suggested the investors to Buy the stock while 6 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, SNN’s stock price is moving -6.92% down while it is -4.00% when we observe its performance for the past one month. Year-to-date it is 12.50% up and over the past year, the stock is showing a downside performance of -7.01%.
The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, Smith & Nephew plc’s total number of outstanding shares is 436.39M with 0.05% of that held by the insiders while 10.01% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.30% and return on equity (ROE) at 4.10%. It has a price to earnings ratio (P/E ratio) of 59.43. Stock’s beta reads 0.60. Stock has a price to book (P/B) ratio of 2.51 while price to sale or P/S ratio amounts to 2.56. Its return on asset (ROA) is 2.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Nuance Mid Cap Value Fund came shrinking its share ownership by -12.15% in the Smith & Nephew plc (SNN) decreasing its stake to 1.31% with control over -0.79 million shares in the company. As per SEC documents, Nuance Mid Cap Value Fund shunned 5,726,038 of company’s common stock of worth $187.24 million as per recent closing price of the stock. Nuance Mid Cap Value Fund is not the only institutional holder which restructured its stake in Smith & Nephew plc, as FMI Large Cap Fund dumped 1,610,000 shares of worth $52.65 million to bring its holdings to a total of 70000.0 shares. In the most recent quarter, Fidelity Equity Dividend Income F came cutting its stake by -19.86% in the company and now holds 0.98 million or 0.23% of the company’s stake having worth of about 32.13 million.
