At the time of writing, Conmed Corp. [CNMD] stock is trading at $77.46, up 2.96%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CNMD shares have lost -3.61% over the last week, with a monthly amount glided 0.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Conmed Corp. [NYSE: CNMD] stock has seen the most recent analyst activity on February 01, 2024, when Needham reiterated its Buy rating and also boosted its price target to $129 from $119. Previously, CL King started tracking the stock with Buy rating on May 22, 2023, and set its price target to $140. On March 27, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $124 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $96 on March 21, 2023. Jefferies initiated its recommendation with a Hold and recommended $85 as its price target on October 12, 2022. In a note dated October 06, 2021, Needham upgraded an Buy rating on this stock but restated the target price of $150.
For the past year, the stock price of Conmed Corp. fluctuated between $73.88 and $138.47. Currently, Wall Street analysts expect the stock to reach $108 within the next 12 months. Conmed Corp. [NYSE: CNMD] shares were valued at $77.46 at the most recent close of the market. An investor can expect a potential return of 39.43% based on the average CNMD price forecast.
Analyzing the CNMD fundamentals
According to Conmed Corp. [NYSE:CNMD], the company’s sales were 1.24B for trailing twelve months, which represents an 32.45% jump. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.17.
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 75.58 points at the first support level, and at 73.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.42, and for the 2nd resistance point, it is at 79.38.
Ratios To Look Out For
It is important to note that Conmed Corp. [NYSE:CNMD] has a current ratio of 1.98. Further, the Quick Ratio stands at 0.96, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 2.86 and price to earnings (TTM) ratio is 37.98.
Transactions by insiders
Recent insider trading involved Peters Stanley W III, President AS and AET, that happened on Dec 04 ’23 when 2300.0 shares were sold. President AS and AET, Peters Stanley W III completed a deal on Nov 07 ’23 to sell 1200.0 shares. Meanwhile, President AS and AET Peters Stanley W III sold 2000.0 shares on Sep 13 ’23.
