Solventum Corp [SOLV] stock is trading at $71.49, down -0.17%. 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 6.62% over the last week, with a monthly amount drifted -2.55%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Solventum Corp [NYSE: SOLV] stock has seen the most recent analyst activity on October 08, 2024, when Stifel initiated its Buy rating and assigned the stock a price target of $82. Previously, Piper Sandler started tracking the stock with Neutral rating on October 07, 2024, and set its price target to $71. On September 26, 2024, Wolfe Research initiated with a Peer Perform rating. BTIG Research started tracking the stock assigning a Neutral rating. Argus initiated its recommendation with a Hold. Goldman started tracking with a Sell rating for this stock on May 30, 2024, and assigned it a price target of $54. In a note dated May 10, 2024, BofA Securities initiated an Neutral rating and provided a target price of $70 on this stock.
Solventum Corp [SOLV] stock has fluctuated between $47.16 and $96.05 over the past year. Currently, Wall Street analysts expect the stock to reach $66.2 within the next 12 months. Solventum Corp [NYSE: SOLV] shares were valued at $71.49 at the most recent close of the market. An investor can expect a potential drop of -7.4% based on the average SOLV price forecast.
Analyzing the SOLV fundamentals
Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.16 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.54.
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 70.71 points at the first support level, and at 69.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.13, and for the 2nd resistance point, it is at 72.77.
Ratios To Look Out For
For context, Solventum Corp’s Current Ratio is 1.15. In addition, the Quick Ratio stands at 0.83 and the Cash Ratio stands at 0.27.
