Let’s start up with the current stock price of Conformis Inc. (CFMS), which is $1.24 to be very precise. The Stock rose vividly during the last session to $1.40 after opening rate of $1.21 while the lowest price it went was recorded $1.12 before closing at $1.07.
Recently in News on February 12, 2021, Conformis, Inc. Announces Pricing of $85 Million Underwritten Offering of Common Stock. Conformis, Inc. (Nasdaq: CFMS) today announced it has priced an underwritten public offering of 80,952,381 shares of its common stock at an offering price of $1.05 per share. The gross proceeds from the offering will be approximately $85 million, before deducting underwriting discounts and commissions and estimated offering expenses. The closing of the offering is expected to take place on February 17, 2021, subject to the satisfaction of customary closing conditions. You can read further details here
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Conformis Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.4900 on 02/09/21, with the lowest value was $0.6400 for the same time period, recorded on 01/04/21.
Conformis Inc. (CFMS) full year performance was 18.10%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Conformis Inc. shares are logging -16.78% during the 52-week period from high price, and 147.85% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.50 and $1.49.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 53018359 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Conformis Inc. (CFMS) recorded performance in the market was 87.88%, having the revenues showcasing 90.92% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 229.11M, as it employees total of 262 workers.
Analysts verdict on Conformis Inc. (CFMS)
During the last month, 2 analysts gave the Conformis Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.8371, with a change in the price was noted +0.3645. In a similar fashion, Conformis Inc. posted a movement of +41.63% for the period of last 100 days, recording 2,901,899 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CFMS is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.32.
Conformis Inc. (CFMS): Technical Analysis
Raw Stochastic average of Conformis Inc. in the period of last 50 days is set at 70.93%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 52.83%. In the last 20 days, the company’s Stochastic %K was 34.59% and its Stochastic %D was recorded 33.12%.
Let’s take a glance in the erstwhile performances of Conformis Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 87.88%. Additionally, trading for the stock in the period of the last six months notably improved by 87.88%, alongside a boost of 18.10% for the period of the last 12 months. The shares increased approximately by 10.71% in the 7-day charts and went up by -10.79% in the period of the last 30 days. Common stock shares were driven by 90.92% during last recorded quarter.