Conmed Corp (NYSE: CNMD) is -35.75% lower on its value in year-to-date trading and has touched a low of $61.05 and a high of $114.80 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 CNMD stock was last observed hovering at around $69.18 in the last trading session, with the day’s gains setting it 1.18%.
Currently trading at $70.36, the stock is -2.86% and -0.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 1.71% at the moment leaves the stock -1.68% off its SMA200. CNMD registered -37.67% loss for a year compared to 6-month gain of 4.31%. The firm has a 50-day simple moving average (SMA 50) of $70.4922 and a 200-day simple moving average (SMA200) of $71.63625.
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The stock witnessed a -6.07% loss in the last 1 month and extending the period to 3 months gives it a -4.04%, and is -1.22% 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 4.07% over the week and 3.88% over the month.
Conmed Corp (CNMD) has around 4000 employees, a market worth around $2.21B and $1.28B in sales. Current P/E ratio is 16.68 and Fwd P/E is 14.60. Profit margin for the company is 10.25%. Distance from 52-week low is 15.25% and -38.71% from its 52-week high. The company has generated returns on investments over the last 12 months (7.03%).
with sales reaching $341M over the same period.The EPS is expected to grow by 16.80% this year, but quarterly earnings will post 4.60% year-over-year. Quarterly sales are estimated to grow 4.27% in year-over-year returns.
Conmed Corp (CNMD) Top Institutional Holders
387.0 institutions hold shares in Conmed Corp (CNMD), with institutional investors hold 115.31% of the company’s shares. The shares outstanding are 30.88M, and float is at 30.03M with Short Float at 7.92%. Institutions hold 114.64% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.99 million shares valued at $346.2 million. The investor’s holdings represent 16.2254% of the CNMD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.49 million shares valued at $241.63 million to account for 11.3248 of the shares outstanding. The other top investors are EARNEST PARTNERS LLC which holds 2.82 million shares representing 9.1573% and valued at over $195.39 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 5.5537 of the shares totaling 1.71 million with a market value of $118.5 million.
Conmed Corp (CNMD) Insider Activity
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Still, SEC filings show that on Jun 14 ’24, Peters Stanley W III (President AS and AET) disposed off 4,000 shares at an average price of $71.82 for $0.29 million. The insider now directly holds 63 shares of Conmed Corp (CNMD).
