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Solventum Corp (SOLV) Is Down -29.11% in 2024 With Lots of Room to Run

Solventum Corp (NYSE: SOLV) is -29.11% lower on its value in year-to-date trading and has touched a low of $54.47 and a high of $96.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SOLV stock was last observed hovering at around $56.41 in the last trading session, with the day’s gains setting it 0.3%.

Currently trading at $56.71, the stock is -5.56% and -9.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing 0.53% at the moment leaves the stock -10.62% off its SMA200.

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The stock witnessed a -12.53% in the last 1 month, and is -0.60% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.73% over the week and 2.81% over the month.

Fwd P/E is 10.04. Distance from 52-week low is 4.11% and -40.96% from its 52-week high.

with sales reaching $2.06B over the same period.The EPS is expected to shrink by -36.78% this year, but quarterly earnings will post — year-over-year.

Solventum Corp (SOLV) Top Institutional Holders

The shares outstanding are 172.71M, and float is at 138.34M with Short Float at 3.37%.

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