The stock of Solventum Corp (SOLV) has seen a 7.08% increase in the past week, with a 12.81% gain in the past month, and a 20.53% flourish in the past quarter. The volatility ratio for the week is 3.28%, and the volatility levels for the past 30 days are at 2.97% for SOLV.. The simple moving average for the past 20 days is 11.39% for SOLV’s stock, with a 14.78% simple moving average for the past 200 days.
Is It Worth Investing in Solventum Corp (NYSE: SOLV) Right Now?
Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for SOLV is 138.29M, and currently, shorts hold a 3.82% of that float. The average trading volume for SOLV on September 11, 2024 was 1.54M shares.
SOLV) stock’s latest price update
Solventum Corp (NYSE: SOLV)’s stock price has gone rise by 1.97 in comparison to its previous close of 67.03, however, the company has experienced a 7.08% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-09-10 that The S&P 500 Dividend Aristocrats list was rebalanced in January 2024, with notable changes including the removal of Walgreens and 3M, and the addition of Fastenal and Kenvue.
Analysts’ Opinion of SOLV
Goldman gave a rating of “Sell” to SOLV, setting the target price at $54 in the report published on May 30th of the current year.
SOLV Trading at 19.82% 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 -28.84% of loss for the given period.
Volatility was left at 2.97%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares surge +18.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.25% upper at present.
During the last 5 trading sessions, SOLV rose by +7.08%, in comparison to the 20-day moving average, which settled at $61.90. In addition, Solventum Corp saw -14.56% 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:
- 0.17 for the present operating margin
- 0.56 for the gross margin
The net margin for Solventum Corp stands at 0.08. The total capital return value is set at 0.11.
Based on Solventum Corp (SOLV), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 3.11. The interest coverage ratio of the stock is 8.95.
Currently, EBITDA for the company is 2.04 billion with net debt to EBITDA at 4.17. When we switch over and look at the enterprise to sales, we see a ratio of 2.4. The receivables turnover for the company is 8.02for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In conclusion, Solventum Corp (SOLV) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
