Orthofix Medical Inc [OFIX] stock is trading at $17.44, up 19.53%. 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 OFIX shares have gain 7.65% over the last week, with a monthly amount glided 23.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Orthofix Medical Inc [NASDAQ: OFIX] stock has seen the most recent analyst activity on May 08, 2024, when ROTH MKM upgraded its rating to a Buy and also boosted its price target to $20 from $15. Previously, ROTH MKM started tracking the stock with Neutral rating on October 20, 2023, and set its price target to $12. On September 12, 2023, downgrade downgraded it’s rating to Hold. BTIG Research downgraded its rating to a Neutral. Stifel upgraded its rating to Buy for this stock on March 04, 2022, and upped its price target to $45. In a note dated October 20, 2020, Stifel initiated an Hold rating and provided a target price of $39 on this stock.
Orthofix Medical Inc [OFIX] stock has fluctuated between $9.57 and $21.60 over the past year. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Orthofix Medical Inc [NASDAQ: OFIX] shares were valued at $17.44 at the most recent close of the market. An investor can expect a potential return of 77.75% based on the average OFIX price forecast.
Analyzing the OFIX fundamentals
Orthofix Medical Inc [NASDAQ:OFIX] reported sales of 760.05M for the trailing twelve months, which represents a growth of 7.65%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.21 and Total Capital is -0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 16.14 points at the first support level, and at 14.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.18, and for the 2nd resistance point, it is at 18.92.
Ratios To Look Out For
For context, Orthofix Medical Inc’s Current Ratio is 2.65. Further, the Quick Ratio stands at 1.19, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 1.14.
Transactions by insiders
Recent insider trading involved Hinrichs James F., Director, that happened on Sep 14 ’23 when 7500.0 shares were purchased.
