PHG Stock Summary and Trading Ideas (Koninklijke Philips N.V. Ny Registry Shares | NYSE:PHG)

Philips is a diversified global healthcare company operating in three segments: diagnosis and treatment, connected care, and personal health. Around 50% of the company's revenue comes from the diagnosis and treatment segment, which features imaging systems, ultrasound equipment, image-guided therapy solutions and healthcare informatics. The connected care segment (around 30% of revenue) encompasses monitoring and analytics systems for hospitals and sleep and respiratory care devices, whereas the personal health business (remainder of revenue) includes electric toothbrushes and men's grooming and personal-care products.

Koninklijke Philips N.V. Ny Registry Shares trades on the NYSE stock market under the symbol PHG.

As of April 23, 2024, PHG stock price climbed to $21.01 with 1,310,776 million shares trading.

PHG has a beta of 0.71, meaning it tends to be less sensitive to market movements. PHG has a correlation of 0.07 to the broad based SPY ETF.

PHG has a market cap of $19.04 billion. This is considered a Large Cap stock.

Last quarter Koninklijke Philips N.V. Ny Registry Shares reported $5 billion in Revenue and $.44 earnings per share. This fell short of revenue expectation by $-341 million and missed earnings estimates by -$.19.

In the last 3 years, PHG stock traded as high as $61.23 and as low as $11.75.

The top ETF exchange traded funds that PHG belongs to (by Net Assets): DFIV, DFIC, DFAI, APIE, DFAX.

PHG has underperformed the market in the last year with a return of +10.4%, while the SPY ETF gained +24.3%. In the last 3 month period, PHG fell short of the market, returning -10.5%, while SPY returned +4.9%. However, in the most recent 2 weeks PHG has outperformed the stock market by returning +2.7%, while SPY returned -2.5%.

PHG support price is $20.31 and resistance is $20.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PHG stock will trade within this expected range on the day.