Zimmer Biomet Holdings, Inc. (ZBH): What’s the Story?

Zimmer Biomet Holdings, Inc. (ZBH) 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 $120.67, down from yesterday’s close by -0.89%. 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

Zimmer Biomet Holdings, Inc. (ZBH) currently trades with a market capitalization of $24.65 Billion. That value represents a market adjusting for revenues that have been falling by -0.80 % 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 $1.29 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $2.1 on a per share basis this quarter. Perhaps, that suggests something about why 0.35% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Zimmer Biomet Holdings, Inc. recorded a 52-week high of $133.49. It is now trading 12.82% off that level. The stock is trading $115.86 its 50-day moving average by -4.81%. The stock carved out a 52-week low down at $102.59.

In recent action, Zimmer Biomet Holdings, Inc. (ZBH) has made a move of +3.05% 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 19.03, and it’s gotten there by action that has been more 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 1.63% with $202.10 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ZBH.

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