Analysts Predicting A Spike In Smith & Nephew plc ADR (NYSE: SNN)?

Smith & Nephew plc ADR (NYSE:SNN) price on Friday, April 19, fall -0.71% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $23.84.

A look at the stock’s price movement, the close in the last trading session was $24.01. The PE ratio in trailing twelve months stood at 39.67. Turning to its 52-week performance, $33.08 and $21.52 were the 52-week high and 52-week low respectively. Overall, SNN moved -9.77% over the past month.

Smith & Nephew plc ADR’s market cap currently stands at around $10.39 billion. The company has a Forward Dividend ratio of 0.75, with its dividend yield at 3.15%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SNN is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

SNN’s current price about -3.74% and -9.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.61, while 7-day volatility ratio is 1.26% and 1.40% in the 30-day chart. Further, Smith & Nephew plc ADR (SNN) has a beta value of 0.73, and an average true range (ATR) of 0.43.

If we refocus on Smith & Nephew plc ADR (NYSE:SNN), historical trading data shows that trading volumes averaged 974.12K over the past 3 months. The company’s latest data on shares outstanding shows there are 435.94 million shares.

The 0.53% of Smith & Nephew plc ADR’s shares are in the hands of company insiders while institutional holders own 6.82% of the company’s shares. Current price change has pushed the stock -12.61% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SNN stock continues to rise going into the next quarter.

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