DENTSPLY Sirona Inc (XRAY) shares projected to rise by 116.68%

A share price of DENTSPLY Sirona Inc [XRAY] is currently trading at $18.46, up 0.98%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The XRAY shares have gain 4.59% over the last week, with a monthly amount drifted -25.35%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

DENTSPLY Sirona Inc [NASDAQ: XRAY] stock has seen the most recent analyst activity on November 07, 2024, when Leerink Partners downgraded its rating to a Market Perform. Previously, Needham reaffirmed its Buy rating on October 25, 2024, and dropped its price target to $29. On August 20, 2024, Needham reiterated its Buy rating but maintained its price target of $34 on the stock. Leerink Partners started tracking the stock assigning a Outperform rating and suggested a price target of $42 on February 26, 2024. Needham initiated its recommendation with a Buy and recommended $35 as its price target on November 16, 2023. William Blair upgraded its rating to Outperform for this stock on November 10, 2023. In a note dated January 12, 2023, William Blair upgraded an Mkt Perform rating on this stock.

DENTSPLY Sirona Inc experienced fluctuations in its stock price throughout the past year between $17.21 and $37.60. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. DENTSPLY Sirona Inc [NASDAQ: XRAY] shares were valued at $18.46 at the most recent close of the market. An investor can expect a potential return of 116.68% based on the average XRAY price forecast.

Analyzing the XRAY fundamentals

Trailing Twelve Months sales for DENTSPLY Sirona Inc [NASDAQ:XRAY] were 3.90B which represents 0.42% growth. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.14 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.93.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.24 points at the first support level, and at 18.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.63, and for the 2nd resistance point, it is at 18.80.

Ratios To Look Out For

To put it in perspective, the Current Ratio for DENTSPLY Sirona Inc [NASDAQ:XRAY] is 1.25. Also, the Quick Ratio is 0.84, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 1.47.

Transactions by insiders

Recent insider trading involved LUCIER GREGORY T, Director, that happened on Nov 18 ’24 when 5000.0 shares were purchased. Director, LUCIER GREGORY T completed a deal on Nov 15 ’24 to buy 1000.0 shares. Meanwhile, President, CEO & Member of BOD Campion Simon D bought 11306.0 shares on Nov 12 ’24.

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