ZimVie Inc [ZIMV] stock is trading at $18.47, up 12.01%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ZIMV shares have gain 12.21% over the last week, with a monthly amount glided 8.97%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, ZimVie Announces Closing of Sale of Spine Business. In a post published today on Yahoo Finance, Completion of Sale to an Affiliate of H.I.G. Capital for $375 Million Establishes Pure-Play Dental Business.
From an analyst’s perspective:
Previously, Barclays started tracking the stock with Underweight rating on December 21, 2022, and set its price target to $9. On June 17, 2022, JP Morgan initiated with a Neutral rating and assigned a price target of $20 on the stock. Guggenheim started tracking the stock assigning a Neutral rating.
ZimVie Inc [ZIMV] stock has fluctuated between $6.52 and $20.91 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. ZimVie Inc [NASDAQ: ZIMV] shares were valued at $18.47 at the most recent close of the market. An investor can expect a potential drop of -51.27% based on the average ZIMV price forecast.
Analyzing the ZIMV fundamentals
ZimVie Inc [NASDAQ:ZIMV] reported sales of 766.26M for the trailing twelve months, which represents a drop of -50.65%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -0.61 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.25.
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 17.39 points at the first support level, and at 16.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.53, and for the 2nd resistance point, it is at 20.60.
ZimVie Inc [ZIMV] reported earnings per share of $0.1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of -$0.02 and a surprise factor of -16.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.08 per share as compared to estimates of -$0.02 per share, a difference of $0.1 representing a surprise of 500.00%.
Ratios To Look Out For
For context, ZimVie Inc’s Current Ratio is 2.78. In addition, the Quick Ratio stands at 2.32 and the Cash Ratio stands at 0.41. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 1.22.
