After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Stryker showcases commitment to innovation at AAOS 2024 Annual Meeting.
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Stocks Info
As a NYSE listed company, SYK falls under the Healthcare sector while operating within the Medical Devices industry segment. The current market capitalization of Stryker Corp. is $132.36B. A total of 1.16 million shares were traded on the day, compared to an average of 1.37M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SYK has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 34 BUYs and 31 SELLs from insiders. Insiders purchased 61,731 shares during that period but sold 469,470.
In the most recent transaction, Boehnlein Glenn S sold 9,600 shares of SYK for 342.81 per share on Feb 09. After the transaction, the VP, Chief Financial Officer now owns 20,194 company shares. In a previous transaction on Feb 06, STRYKER RONDA E sold 92,296 shares at 339.95 per share. SYK shares that Director owns now total 3,662,832.
Among the insiders who sold shares, STRYKER RONDA E disposed of 201,146 shares on Feb 05 at a per-share price of $342.90. This resulted in the Director holding 3,755,128 shares of SYK after the transaction. In another insider transaction, Golston Allan C. sold 3,273 shares at $341.00 per share on Feb 02. Company shares held by the Director now total 14,242.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Stryker Corp. pays an annual dividend of $3.05, resulting in a dividend yield of 0.88%, and it has a price to earnings (P/E) ratio of 42.21. SYK’s most recent ex-dividend date was 3/27/2024 when it declared a $0.80 quarterly dividend that was paid in cash on 4/30/2024. Previously, the company paid the dividend on 1/31/2024 with an ex-dividend date of 12/28/2023. The SYK stock dividend was $0.80 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SYK in the last 3 months, the mean price target is $362.43 with high estimates of $400.00 and low estimates of $339.00. In terms of 52-week highs and lows, SYK has a high of $352.88 and a low of $249.98.
As of this writing, SYK has an earnings estimate of $Stryker Corporation per share for the current quarter. EPS was calculated based on a consensus of Symbotic Inc. estimates, with a high estimate of $Sysco Corporation per share and a lower estimate of $Stanley Black & Decker, Inc.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SYK’s latest balance sheet shows that the firm has $3.02B in Cash & Short Term Investments as of fiscal 2021. There were $12.48B in debt and $4.55B in liabilities at the time. Its Book Value Per Share was $48.92, while its Total Shareholder’s Equity was $14.88B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SYK is Buy with a score of 4.43.
