The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Conmed Corp.’s current trading price is -45.06% away from its 52-week high, while its distance from the 52-week low is 1.88%. The stock’s price range for this period has been between $74.67 and $138.47 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 0.52 million for the day, a number notably lower than the average daily volume of 0.57 million over the last three months.
Conmed Corp. ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $138.47 on 06/14/23, while the lowest value for the same period was recorded at $74.67 on 03/22/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Conmed Corp. (CNMD) has experienced a quarterly decline of -32.39% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.34B and boasts a workforce of 4000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 94.32, with a change in price of -31.79. Similarly, Conmed Corp. recorded 475,640 in trading volume during the last 100 days, posting a change of -29.47%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CNMD stands at 1.19. Similarly, the long-term debt-to-equity ratio is also 1.18.
CNMD Stock Stochastic Average
As of today, Conmed Corp.’s raw stochastic average for the last 50 days stands at 6.27%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 13.24%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 33.48% and 35.76%, respectively.
CNMD Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The metric has seen a significant loss of -30.54% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -25.05%. Over the past 30 days, the price of CNMD has leaped by -10.45%. And in the last five days, it has fallen by -2.32%.
