The volatility ratio for the week is 4.22%, and the volatility levels for the last 30 days are 4.73% for Solventum Corp The simple moving average for the past 20 days is 1.54% for SOLV’s stock, with a -0.84% simple moving average for the past 200 days.
Is It Worth Investing in Solventum Corp (NYSE: SOLV) Right Now?
There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SOLV is 138.34M, and at present, short sellers hold a 2.84% of that float. The average trading volume of SOLV on April 30, 2024 was 3.13M shares.
SOLV) stock’s latest price update
Solventum Corp (NYSE: SOLV) has seen a decline in its stock price by -1.16 in relation to its previous close of 65.91. However, the company has experienced a 2.59% gain in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-23 that ST. PAUL, Minn., April 23, 2024 /PRNewswire/ — Solventum (NYSE: SOLV) announced today that it will release carve-out financial results for the first quarter 2024 before the market opens on May 9, 2024.
Analysts’ Opinion of SOLV
Many brokerage firms have already submitted their reports for SOLV stocks, with Morgan Stanley repeating the rating for SOLV by listing it as a “Equal-Weight.” The predicted price for SOLV in the upcoming period, according to Morgan Stanley is $70 based on the research report published on April 10, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see SOLV reach a price target of $69. The rating they have provided for SOLV stocks is “Equal Weight” according to the report published on April 08th, 2024.
SOLV Trading at -0.84% from the 50-Day Moving Average
After a stumble in the market that brought SOLV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.18% of loss for the given period.
Volatility was left at 4.73%, however, over the last 30 days, the volatility rate increased by 4.22%, as shares sank -2.72% for the moving average over the last 20 days.
During the last 5 trading sessions, SOLV rose by +2.49%, in comparison to the 20-day moving average, which settled at $64.06. In addition, Solventum Corp saw -18.57% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SOLV
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.56 for the gross margin
The net margin for Solventum Corp stands at 0.12. The total capital return value is set at 0.12.
Based on Solventum Corp (SOLV), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23.
Currently, EBITDA for the company is 2.04 billion with net debt to EBITDA at 3.62. When we switch over and look at the enterprise to sales, we see a ratio of 2.3. The receivables turnover for the company is 6.37for trailing twelve months and the total asset turnover is 0.57.
Conclusion
In summary, Solventum Corp (SOLV) has had a mixed performance as of late. Analysts have mixed 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.
