DENTSPLY Sirona Inc [NASDAQ: XRAY] stock went on an upward path that rose over 0.87% on Wednesday, amounting to a one-week price decrease of less than -0.12%.
Over the last 12 months, XRAY stock dropped by -38.33%. The one-year DENTSPLY Sirona Inc stock forecast points to a potential upside of 26.81. The average equity rating for XRAY stock is currently 1.94, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $5.07 billion, with 207.20 million shares outstanding and 206.06 million shares in the current float. Compared to the average trading volume of 2.76M shares, XRAY stock reached a trading volume of 2848322 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on DENTSPLY Sirona Inc [XRAY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XRAY shares is $33.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XRAY stock is a recommendation set at 1.94. 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.
Leerink Partners have made an estimate for DENTSPLY Sirona Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 26, 2024. While these analysts kept the previous recommendation, Needham raised their target price to Buy. The new note on the price target was released on November 16, 2023, representing the official price target for DENTSPLY Sirona Inc stock.
The Average True Range (ATR) for DENTSPLY Sirona Inc is set at 0.57, with the Price to Sales ratio for XRAY stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 1.56, with the Price to Cash per share for the same quarter was set at 1.40. Price to Free Cash Flow for XRAY in the course of the last twelve months was 18.17 with Quick ratio for the last quarter at 0.97.
XRAY Stock Performance Analysis:
DENTSPLY Sirona Inc [XRAY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.12. With this latest performance, XRAY shares dropped by -11.85% in over the last four-week period, additionally sinking by -32.01% over the last 6 months – not to mention a drop of -38.33% 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 XRAY stock in for the last two-week period is set at 29.44, with the RSI for the last a single of trading hit 31.19, and the three-weeks RSI is set at 29.47 for DENTSPLY Sirona Inc [XRAY]. The present Moving Average for the last 50 days of trading for this stock 27.03, while it was recorded at 24.52 for the last single week of trading, and 31.34 for the last 200 days.
Insight into DENTSPLY Sirona Inc Fundamentals:
DENTSPLY Sirona Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.97 and a Current Ratio set at 1.43.
XRAY 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 XRAY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DENTSPLY Sirona Inc go to 12.10%.
DENTSPLY Sirona Inc [XRAY] Institutonal Ownership Details
The top three institutional holders of XRAY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in XRAY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in XRAY stock with ownership which is approximately 5.1238%.
