The stock of Orthofix Medical Inc (OFIX) has gone up by 0.61% for the week, with a -3.82% drop in the past month and a -9.97% drop in the past quarter. The volatility ratio for the week is 3.75%, and the volatility levels for the past 30 days are 3.56% for OFIX. The simple moving average for the past 20 days is -4.28% for OFIX’s stock, with a -8.80% simple moving average for the past 200 days.
Is It Worth Investing in Orthofix Medical Inc (NASDAQ: OFIX) Right Now?
The 36-month beta value for OFIX is also noteworthy at 1.05. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for OFIX is 35.88M, and at present, short sellers hold a 10.53% of that float. The average trading volume of OFIX on April 26, 2024 was 352.11K shares.
OFIX) stock’s latest price update
Orthofix Medical Inc (NASDAQ: OFIX) has seen a decline in its stock price by -3.39 in relation to its previous close of 13.56. However, the company has experienced a 0.61% gain in its stock price over the last five trading sessions. Business Wire reported 2024-04-23 that LEWISVILLE, Texas–(BUSINESS WIRE)–Orthofix Medical Inc. (NASDAQ:OFIX), a leading global spine and orthopedics company, today announced that it will release its first quarter 2024 financial results on Tuesday, May 7, 2024 before market open. The Company will host a conference call and webcast to review results at 8:30 a.m. ET the same day. Interested parties may access the conference call by dialing (888) 330-2508 in the U.S., and (240) 789-2735 in all other locations, and referencing the even.
Analysts’ Opinion of OFIX
Many brokerage firms have already submitted their reports for OFIX stocks, with ROTH MKM repeating the rating for OFIX by listing it as a “Neutral.” The predicted price for OFIX in the upcoming period, according to ROTH MKM is $12 based on the research report published on October 20, 2023 of the previous year 2023.
OFIX Trading at -4.33% from the 50-Day Moving Average
After a stumble in the market that brought OFIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.35% of loss for the given period.
Volatility was left at 3.56%, however, over the last 30 days, the volatility rate increased by 3.75%, as shares sank -8.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.18% lower at present.
During the last 5 trading sessions, OFIX rose by +0.61%, which changed the moving average for the period of 200-days by -33.77% in comparison to the 20-day moving average, which settled at $13.63. In addition, Orthofix Medical Inc saw -2.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OFIX starting from Hinrichs James F., who purchase 7,500 shares at the price of $13.47 back on Sep 14 ’23. After this action, Hinrichs James F. now owns 86,153 shares of Orthofix Medical Inc, valued at $101,025 using the latest closing price.
Kenny Kevin J., the President of Global Spine of Orthofix Medical Inc, sale 3,876 shares at $19.00 during a trade that took place back on May 26 ’23, which means that Kenny Kevin J. is holding 142,431 shares at $73,644 based on the most recent closing price.
Stock Fundamentals for OFIX
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.65 for the gross margin
The net margin for Orthofix Medical Inc stands at -0.2. The total capital return value is set at -0.18. Equity return is now at value -32.36, with -21.88 for asset returns.
Based on Orthofix Medical Inc (OFIX), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at -0.46. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is -15.7.
Currently, EBITDA for the company is -88.7 million with net debt to EBITDA at -0.91. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The receivables turnover for the company is 5.83for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.54.
Conclusion
In summary, Orthofix Medical Inc (OFIX) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
