With 0.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $72.49 whereas the lowest price it dropped to was $69.14. The 52-week range on CNMD shows that it touched its highest point at $114.80 and its lowest point at $61.05 during that stretch. It currently has a 1-year price target of $81.14. With its current market cap of 2.14 billion, CNMD has annualized dividend of $0.60 while the current yield stands at 0.87%. CNMD paid its most recent dividend on 1726444800, while the ex-dividend date for that was 1734652800. Beta for the stock currently stands at 1.47.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNMD was down-trending over the past week, with a drop of -5.46%, but this was down by -2.05% over a month. Three-month performance dropped to -8.00% while six-month performance rose 3.20%. The stock lost -36.38% in the past year, while it has lost -36.70% so far this year. A look at the trailing 12-month EPS for CNMD yields 4.22 with Next year EPS estimates of 4.82. For the next quarter, that number is 1.21. This implies an EPS growth rate of 16.80% for this year and 19.63% for next year. EPS is expected to grow by 16.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.64%.
Float and Shares Shorts:
At present, 30.88 million CNMD shares are outstanding with a float of 30.03 million shares on hand for trading. On 2024-11-29, short shares totaled 2.41 million, which was 780.0 higher than short shares on 1730332800. In addition to Mr. Curt R. Hartman as the firm’s President, CEO & Director, Mr. Todd W. Garner CPA serves as its Executive VP, CFO & Principal Accounting Officer.
Institutional Ownership:
Through their ownership of 1.14638 of CNMD’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CNMD reported revenue of $316701000.0 and operating income of $65707000.0. The EBITDA in the recently reported quarter was $83681000.0 and diluted EPS was $1.57.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNMD since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CNMD analysts setting a high price target of 97.0 and a low target of 72.0, the average target price over the next 12 months is 81.14286. Based on these targets, CNMD could surge 39.93% to reach the target high and rise by 3.87% to reach the target low. Reaching the average price target will result in a growth of 17.06% from current levels.
Analysts have provided yearly estimates in a range of $4.03946 being high and $4.01946 being low. For CNMD, this leads to a yearly average estimate of $4.02946. Based on analyst estimates, the high estimate for the next quarter is $1.2 and the low estimate is $0.89. The average estimate for the next quarter is thus $1.05.
