While DENTSPLY Sirona Inc has overperformed by 0.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, XRAY fell by -39.85%, with highs and lows ranging from $37.60 to $17.21, whereas the simple moving average fell by -31.70% in the last 200 days.
On November 07, 2024, Leerink Partners Downgraded DENTSPLY Sirona Inc (NASDAQ: XRAY) to Market Perform. A report published by Needham on October 25, 2024, Reiterated its previous ‘Buy’ rating for XRAY. Needham also reiterated XRAY shares as ‘Buy’, quoting a target price of $34 on the company’s shares in a report dated August 20, 2024. Leerink Partners Initiated an Outperform rating on February 26, 2024, and assigned a price target of $42. Needham initiated its ‘Buy’ rating for XRAY, as published in its report on November 16, 2023. William Blair also rated the stock as ‘Mkt Perform’.
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Analysis of DENTSPLY Sirona Inc (XRAY)
XRAY currently pays a dividend of $0.62 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 0.42%, showing a positive trend in the upcoming months.
In order to gain a clear picture of DENTSPLY Sirona Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -14.08% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.84, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 3.08M can be a very valuable indicator of volatility for XRAY stock. On a monthly basis, the volatility of the stock is set at 3.83%, whereas on a weekly basis, it is put at 3.37%, with a gain of 4.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.45, showing growth from the present price of $18.64, which can serve as yet another indication of whether XRAY is worth investing in or should be passed over.
How Do You Analyze DENTSPLY Sirona Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 107.09% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
XRAY shares are owned by institutional investors to the tune of 107.09% at present.
