A share price of Solventum Corp [SOLV] is currently trading at $70.01, down -0.68%. 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 0.63% over the last week, with a monthly amount drifted -0.98%, 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 December 04, 2024, when Mizuho initiated its Neutral rating and assigned the stock a price target of $70. Previously, Stifel started tracking the stock with Buy rating on October 08, 2024, and set its price target to $82. On October 07, 2024, Piper Sandler initiated with a Neutral rating and assigned a price target of $71 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. BTIG Research initiated its recommendation with a Neutral. In a note dated May 30, 2024, Goldman initiated an Sell rating and provided a target price of $54 on this stock.
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 $69.5 within the next 12 months. Solventum Corp [NYSE: SOLV] shares were valued at $70.01 at the most recent close of the market. An investor can expect a potential drop of -0.73% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.54.
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 69.56 points at the first support level, and at 69.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.60, and for the 2nd resistance point, it is at 71.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Solventum Corp [NYSE:SOLV] is 1.15. In addition, the Quick Ratio stands at 0.83 and the Cash Ratio stands at 0.27.
