Medtronic plc (MDT): From Top to Bottom

Medtronic plc (MDT) 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 $85.73, up from yesterday’s close by 0.28%. 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

Medtronic plc (MDT) currently trades with a market capitalization of $116.17 Billion. That value represents a market adjusting for revenues that have been falling by -4.02 % 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 $4.32 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.17 on a per share basis this quarter. Perhaps, that suggests something about why 0.44% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how MDT has been acting. Looking at the stock’s movement on the chart, Medtronic plc recorded a 52-week high of $89.72. It is now trading 3.99% off that level. The stock is trading $81.42 its 50-day moving average by -4.31%. The stock carved out a 52-week low down at $73.38.

In recent action, Medtronic plc (MDT) has made a move of +4.55% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 21.04, 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 0.74% with $1.35 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MDT.

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