Solventum Corp [SOLV] stock prices are up 0.91% to $66.20 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SOLV shares have gain 5.21% over the last week, with a monthly amount glided 18.43%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On May 30, 2024, Goldman initiated with a Sell rating and assigned a price target of $54 on the stock. BofA Securities started tracking the stock assigning a Neutral rating and suggested a price target of $70 on May 10, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $70 as its price target on April 10, 2024. Wells Fargo started tracking with a Equal Weight rating for this stock on April 08, 2024, and assigned it a price target of $69. In a note dated April 02, 2024, Edward Jones initiated an Hold rating.
The stock price of Solventum Corp [SOLV] has been fluctuating between $47.16 and $96.05 over the past year. Currently, Wall Street analysts expect the stock to reach $59.33 within the next 12 months. Solventum Corp [NYSE: SOLV] shares were valued at $66.20 at the most recent close of the market. An investor can expect a potential drop of -10.38% 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 0.17%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.2 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.11.
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 64.96 points at the first support level, and at 63.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.00, and for the 2nd resistance point, it is at 67.80.
Ratios To Look Out For
It’s worth pointing out that Solventum Corp [NYSE:SOLV]’s Current Ratio is 1.31. In addition, the Quick Ratio stands at 0.96 and the Cash Ratio stands at 0.35.
