At the time of writing, ZimVie Inc [ZIMV] stock is trading at $18.09, up 2.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ZIMV shares have gain 4.57% over the last week, with a monthly amount drifted -3.31%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ZimVie Inc [NASDAQ: ZIMV] stock has seen the most recent analyst activity on May 16, 2024, when Needham upgraded its rating to a Buy but kept the price target unchanged to $20 for it. On December 21, 2022, Barclays initiated with a Underweight rating and assigned a price target of $9 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $20 on June 17, 2022. Guggenheim initiated its recommendation with a Neutral.
For the past year, the stock price of ZimVie Inc fluctuated between $6.52 and $22.40. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. ZimVie Inc [NASDAQ: ZIMV] shares were valued at $18.09 at the most recent close of the market. An investor can expect a potential drop of -19.85% based on the average ZIMV price forecast.
Analyzing the ZIMV fundamentals
According to ZimVie Inc [NASDAQ:ZIMV], the company’s sales were 550.94M for trailing twelve months, which represents an -48.06% plunge. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.64%. To continue investigating profitability, this company’s Return on Assets is posted at -0.45, Equity is -0.74 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.61.
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 17.55 points at the first support level, and at 17.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.41, and for the 2nd resistance point, it is at 18.73.
Ratios To Look Out For
It is important to note that ZimVie Inc [NASDAQ:ZIMV] has a current ratio of 1.94. As well, the Quick Ratio is 1.43, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 1.27.
Transactions by insiders
Recent insider trading involved Camber Capital Management LP, 10% Owner, that happened on Aug 02 ’24 when 0.53 million shares were sold.
