Medtronic Plc Stock Price on January 9, 2020
| MDT Stock | USD 80.13 2.04 2.48% |
Below is the normalized historical share price chart for Medtronic PLC extending back to May 02, 1973. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Medtronic PLC stands at 80.13, as last reported on the 16th of April 2024, with the highest price reaching 81.79 and the lowest price hitting 79.56 during the day.
If you're considering investing in Medtronic Stock, it is important to understand the factors that can impact its price. Medtronic PLC has Sharpe Ratio of -0.0876, which conveys that the firm had a -0.0876% return per unit of risk over the last 3 months. Medtronic PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medtronic PLC's Standard Deviation of 1.07, risk adjusted performance of (0.05), and Mean Deviation of 0.7872 to check out the risk estimate we provide.
At this time, Medtronic PLC's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 109.8 B in 2024, whereas Sale Purchase Of Stock is likely to drop (609.5 M) in 2024. . At this time, Medtronic PLC's Price Earnings Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 5.53 in 2024, whereas Price To Operating Cash Flows Ratio is likely to drop 26.94 in 2024. Medtronic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 13th of January 1978 | 200 Day MA 81.8673 | 50 Day MA 84.5718 | Beta 0.783 |
Medtronic |
Sharpe Ratio = -0.0876
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| Negative Returns | MDT |
Estimated Market Risk
| 1.09 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Medtronic PLC is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Medtronic PLC by adding Medtronic PLC to a well-diversified portfolio.
Price Book 2.0543 | Enterprise Value Ebitda 13.8354 | Price Sales 3.292 | Shares Float 1.3 B | Dividend Share 2.75 |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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| LINK | Chainlink |
About Medtronic PLC Stock history
Medtronic PLC investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Medtronic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Medtronic PLC will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Medtronic PLC stock prices may prove useful in developing a viable investing in Medtronic PLC
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.5 B | 1.2 B | |
| Net Income Applicable To Common Shares | 4.3 B | 3.2 B |
Medtronic PLC Quarterly Net Working Capital |
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Medtronic PLC Stock Technical Analysis
Medtronic PLC technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Medtronic PLC Period Price Range
Medtronic PLC April 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Medtronic PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Medtronic PLC shares will generate the highest return on investment. By undertsting and applying Medtronic PLC stock market strength indicators, traders can identify Medtronic PLC entry and exit signals to maximize returns
Medtronic PLC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Medtronic PLC's price direction in advance. Along with the technical and fundamental analysis of Medtronic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Medtronic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (1.96) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.Note that the Medtronic PLC information on this page should be used as a complementary analysis to other Medtronic PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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When running Medtronic PLC's price analysis, check to measure Medtronic PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.
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Is Medtronic PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Medtronic PLC. If investors know Medtronic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Medtronic PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.078 | Dividend Share 2.75 | Earnings Share 3.15 | Revenue Per Share 24.298 | Quarterly Revenue Growth 0.047 |
The market value of Medtronic PLC is measured differently than its book value, which is the value of Medtronic that is recorded on the company's balance sheet. Investors also form their own opinion of Medtronic PLC's value that differs from its market value or its book value, called intrinsic value, which is Medtronic PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Medtronic PLC's market value can be influenced by many factors that don't directly affect Medtronic PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Medtronic PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Medtronic PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medtronic PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.