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Jefferies Sets CONMED Corporation (NYSE:CNMD) Stock to “a Hold”

Jefferies raised the price target for the CONMED Corporation (NYSE:CNMD) stock to “a Hold”. The rating was released on October 12, 2022, according to finviz. The research report from Needham has upgraded the stock from Hold to Buy, with a price target set at $150. The stock was initiated by UBS, who disclosed in a research note on July 15, 2021, to Buy and set the price objective to $160. In their research brief published May 25, 2021, Barclays analysts initiated the CONMED Corporation stock to Overweight with a price target of $175.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of CONMED Corporation (NYSE:CNMD) dipped -1.56% to close Friday’s market session at $90.22, lower as compared to yesterday’s close. The stock price fluctuated between $89.94 and $91.87 throughout the trading session with the volume trading being 723785 shares, which represented a significant variation when compared to the three months average volume of 380.68K shares. The firm’s stock price fluctuated -0.15% within the last five trades and -9.02% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -2.56% in the last 6 months and -3.09% was subtracted to its value over the previous 3 months. CNMD stock is trading at a margin of -5.14%, -6.64% and -1.90% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, CNMD deals in the Healthcare domain. The stock is trading -41.98 percent below its 52-week high and 26.91 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -31.38. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does CONMED Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 0.40 percent and the profit margin is -10.90 percent, and the company has reported a gross margin of 55.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $2.93 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 21.62. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.80 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.84, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Hartman Curt R, the President, CEO and Chair at CONMED Corporation (CNMD) has sold 5,000 shares of firm on Mar 14 at a price of $92.81 against the total amount of $0.46 million. In another inside trade, Garner Todd W, Executive Vice President & CFO of CONMED Corporation (NYSE:CNMD) sold 30,000 shares of the firm on Mar 13 for a total worth of $2.73 million at a price of $90.93. An inside trade which took place on Mar 02, Special Counsel & Corp Secy of CONMED Corporation Jonas Daniel S sold 10,400 shares of firm against total price of $1.0 million at the cost of $96.16 per share.



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