Stryker Corporation (SYK): What’s the Story?

Stryker Corporation (SYK) is an interesting player in the Healthcare space, with a focus on Medical Appliances & Equipment. The stock has been active on the tape, currently trading at $166.60, up from yesterday’s close by 2.50%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Stryker Corporation (SYK) currently trades with a market capitalization of $62.55 Billion. That value represents a market adjusting for revenues that have been growing by 9.68 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.13 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.73 on a per share basis this quarter. Perhaps, that suggests something about why 1.50% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Stryker Corporation recorded a 52-week high of $179.84. It is now trading 13.24% off that level. The stock is trading $168.21 its 50-day moving average by 1.61%. The stock carved out a 52-week low down at $137.70.

In recent action, Stryker Corporation (SYK) has made a move of -0.96% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.59% with $343.85 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SYK.

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