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Why Solventum Corp (SOLV) Stock Could See Much Higher Prices Ahead

Solventum Corp (NYSE: SOLV) is -12.56% lower on its value in year-to-date trading and has touched a low of $47.16 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 $72.34 in the last trading session, with the day’s loss setting it -2.39%.

Currently trading at $69.95, the stock is 5.84% and 16.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.41 million and changing -3.30% at the moment leaves the stock 16.06% off its SMA200.

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The stock witnessed a 17.25% in the last 1 month and extending the period to 3 months gives it a 33.62%, and is -0.07% 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 2.58% over the week and 2.97% over the month.

Fwd P/E is 12.56. Distance from 52-week low is 48.32% and -27.17% from its 52-week high.

with sales reaching $2.06B over the same period.The EPS is expected to shrink by -35.56% this year.

Solventum Corp (SOLV) Top Institutional Holders

The shares outstanding are 172.71M, and float is at 138.29M with Short Float at 3.87%.

Solventum Corp (SOLV) Insider Activity

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