A share price of Solventum Corp [SOLV] is currently trading at $56.14, down -2.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SOLV shares have lost -2.09% over the last week, with a monthly amount glided 12.51%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Goldman started tracking the stock with Sell rating on May 30, 2024, and set its price target to $54. On May 10, 2024, BofA Securities initiated with a Neutral rating and assigned a price target of $70 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $70 on April 10, 2024. Wells Fargo initiated its recommendation with a Equal Weight and recommended $69 as its price target on April 08, 2024.
Solventum Corp experienced fluctuations in its stock price throughout the past year between $47.16 and $96.05. Currently, Wall Street analysts expect the stock to reach $59.33 within the next 12 months. Solventum Corp [NYSE: SOLV] shares were valued at $56.14 at the most recent close of the market. An investor can expect a potential return of 5.68% based on the average SOLV price forecast.
Analyzing the SOLV fundamentals
Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.14%, 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 0.25 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.16.
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 54.81 points at the first support level, and at 53.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.92, and for the 2nd resistance point, it is at 57.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Solventum Corp [NYSE:SOLV] is 1.81. Also, the Quick Ratio is 1.33, while the Cash Ratio stands at 0.54.
