The stock of Orthofix Medical Inc (NASDAQ: OFIX) has increased by 7.27 when compared to last closing price of 13.89.Despite this, the company has seen a gain of 14.40% in its stock price over the last five trading days. 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.
Is It Worth Investing in Orthofix Medical Inc (NASDAQ: OFIX) Right Now?
Moreover, the 36-month beta value for OFIX is 1.07. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for OFIX is 36.00M and currently, short sellers hold a 10.49% of that float. On May 09, 2024, OFIX’s average trading volume was 364.80K shares.
OFIX’s Market Performance
OFIX’s stock has seen a 14.40% increase for the week, with a 1.78% rise in the past month and a 3.69% gain in the past quarter. The volatility ratio for the week is 6.04%, and the volatility levels for the past 30 days are at 4.01% for Orthofix Medical Inc. The simple moving average for the past 20 days is 12.21% for OFIX’s stock, with a 6.17% simple moving average for the past 200 days.
Analysts’ Opinion of OFIX
ROTH MKM, on the other hand, stated in their research note that they expect to see OFIX reach a price target of $12. The rating they have provided for OFIX stocks is “Neutral” according to the report published on October 20th, 2023.
OFIX Trading at 9.46% 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 -31.02% of loss for the given period.
Volatility was left at 4.01%, however, over the last 30 days, the volatility rate increased by 6.04%, as shares surge +9.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.00% upper at present.
During the last 5 trading sessions, OFIX rose by +14.40%, which changed the moving average for the period of 200-days by -25.43% in comparison to the 20-day moving average, which settled at $13.34. In addition, Orthofix Medical Inc saw 10.53% in overturn over a single year, with a tendency to cut further gains.
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:
- -0.14 for the present operating margin
- 0.66 for the gross margin
The net margin for Orthofix Medical Inc stands at -0.17. The total capital return value is set at -0.14. Equity return is now at value -20.49, with -13.87 for asset returns.
Based on Orthofix Medical Inc (OFIX), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at -0.22. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is -37.32.
Currently, EBITDA for the company is -88.7 million with net debt to EBITDA at -1.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 6.05for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.65.
Conclusion
To wrap up, the performance of Orthofix Medical Inc (OFIX) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
