Solventum Corp (NYSE: SOLV) has experienced a rise in its stock price by 0.29 compared to its previous closing price of 72.13. However, the company has seen a gain of 5.38% in its stock price over the last five trading days. zacks.com reported 2024-09-16 that Investors interested in stocks from the Medical Services sector have probably already heard of Solventum (SOLV) and Doximity (DOCS). But which of these two companies is the best option for those looking for undervalued stocks?
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,” 4 rating it as “hold,” and 1 rating it as “sell.”
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The public float for SOLV is 138.29M, and at present, short sellers hold a 3.87% of that float. The average trading volume of SOLV on September 20, 2024 was 1.51M shares.
SOLV’s Market Performance
SOLV stock saw an increase of 5.38% in the past week, with a monthly gain of 21.68% and a quarterly increase of 34.46%. The volatility ratio for the week is 2.47%, and the volatility levels for the last 30 days are 2.90% for Solventum Corp (SOLV). The simple moving average for the last 20 days is 10.52% for SOLV’s stock, with a simple moving average of 20.22% for the last 200 days.
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 20.94% 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 -24.69% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares surge +21.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.15% upper at present.
During the last 5 trading sessions, SOLV rose by +5.38%, in comparison to the 20-day moving average, which settled at $66.09. In addition, Solventum Corp saw -9.58% 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 2.49. 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 summary, Solventum Corp (SOLV) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
