Smith & Nephew plc [NYSE: SNN] price plunged by -3.08 percent to reach at -$0.79. The company report on July 13, 2022 that Smith+Nephew to showcase latest innovations for sports medicine joint repair at 2022 AOSSM Annual Meeting.
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Smith+Nephew (LSE: SN) (NYSE: SNN), the global medical technology company, today announces a robust line-up featuring several of its advanced joint repair solutions and a wide array of educational activities during the 2022 American Orthopaedic Society for Sport Medicine (AOSSM) Annual Meeting being held in Colorado Springs July 13-17. These include:.
A sum of 4297804 shares traded at recent session while its average daily volume was at 764.69K shares. Smith & Nephew plc shares reached a high of $25.53 and dropped to a low of $24.80 until finishing in the latest session at $24.84.
The one-year SNN stock forecast points to a potential upside of 30.61. The average equity rating for SNN stock is currently 1.50, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Smith & Nephew plc [SNN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SNN shares is $35.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SNN stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Canaccord Genuity have made an estimate for Smith & Nephew plc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 28, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on March 16, 2022, representing the official price target for Smith & Nephew plc stock.
The Average True Range (ATR) for Smith & Nephew plc is set at 0.77, with the Price to Sales ratio for SNN stock in the period of the last 12 months amounting to 2.09. The Price to Book ratio for the last quarter was 2.02, with the Price to Cash per share for the same quarter was set at 1.18.
SNN Stock Performance Analysis:
Smith & Nephew plc [SNN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.09. With this latest performance, SNN shares dropped by -11.19% in over the last four-week period, additionally sinking by -26.64% over the last 6 months – not to mention a drop of -37.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SNN stock in for the last two-week period is set at 28.69, with the RSI for the last a single of trading hit 24.24, and the three-weeks RSI is set at 31.74 for Smith & Nephew plc [SNN]. The present Moving Average for the last 50 days of trading for this stock 28.94, while it was recorded at 26.43 for the last single week of trading, and 32.33 for the last 200 days.
Insight into Smith & Nephew plc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Smith & Nephew plc [SNN] shares currently have an operating margin of +15.00 and a Gross Margin at +66.54. Smith & Nephew plc’s Net Margin is presently recorded at +10.05.
Return on Total Capital for SNN is now 8.66, given the latest momentum, and Return on Invested Capital for the company is 6.08. Return on Equity for this stock inclined to 9.56, with Return on Assets sitting at 4.73. When it comes to the capital structure of this company, Smith & Nephew plc [SNN] has a Total Debt to Total Equity ratio set at 59.97. Additionally, SNN Total Debt to Total Capital is recorded at 37.49, with Total Debt to Total Assets ending up at 30.58. Long-Term Debt to Equity for the company is recorded at 51.15, with the Long-Term Debt to Total Capital now at 31.97.
Reflecting on the efficiency of the workforce at the company, Smith & Nephew plc [SNN] managed to generate an average of $20,742 per employee. Receivables Turnover for the company is 4.40 with a Total Asset Turnover recorded at a value of 0.47.Smith & Nephew plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.80.
SNN Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SNN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Smith & Nephew plc go to 4.60%.
Smith & Nephew plc [SNN] Insider Position Details
There are presently around $933 million, or 9.00% of SNN stock, in the hands of institutional investors. The top three institutional holders of SNN stocks are: NUANCE INVESTMENTS, LLC with ownership of 10,256,123, which is approximately 3.702% of the company’s market cap and around 0.60% of the total institutional ownership; FIDUCIARY MANAGEMENT INC /WI/, holding 7,622,581 shares of the stock with an approximate value of $189.34 million in SNN stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $33.04 million in SNN stock with ownership of nearly 26.363% of the company’s market capitalization.
Positions in Smith & Nephew plc stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 107 institutional holders increased their position in Smith & Nephew plc [NYSE:SNN] by around 5,409,548 shares. Additionally, 110 investors decreased positions by around 6,507,863 shares, while 31 investors held positions by with 25,652,347 shares. The mentioned changes placed institutional holdings at 37,569,758 shares, according to the latest SEC report filing. SNN stock had 29 new institutional investments in for a total of 923,228 shares, while 38 institutional investors sold positions of 666,564 shares during the same period.