Balance Sheet Breakdown: Orthofix Medical Inc (OFIX)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

After finishing at $13.89 in the prior trading day, Orthofix Medical Inc (NASDAQ: OFIX) closed at $14.90, up 7.27%. In other words, the price has increased by $7.27 from its previous closing price. On the day, 0.76 million shares were traded. OFIX stock price reached its highest trading level at $15.87 during the session, while it also had its lowest trading level at $14.53.


Our goal is to gain a better understanding of OFIX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 2.65. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.26.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, ROTH MKM on May-09-24, Upgraded its rating to Buy and sets its target price to $20 from $15 previously.

On October 20, 2023, ROTH MKM started tracking the stock assigning a Neutral rating and target price of $12.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 14 ’23 when Hinrichs James F. bought 7,500 shares for $13.47 per share. The transaction valued at 101,025 led to the insider holds 86,153 shares of the business.

Kenny Kevin J. sold 3,876 shares of OFIX for $73,644 on May 26 ’23. The President of Global Spine now owns 142,431 shares after completing the transaction at $19.00 per share. On May 24 ’23, another insider, Kenny Kevin J., who serves as the President of Global Spine of the company, sold 4,367 shares for $19.00 each. As a result, the insider received 82,973 and left with 146,307 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OFIX now has a Market Capitalization of 559176128 and an Enterprise Value of 604585408. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 0.81 whereas that against EBITDA is -65.68.

Stock Price History:

Over the past 52 weeks, OFIX has reached a high of $21.60, while it has fallen to a 52-week low of $9.57. The 50-Day Moving Average of the stock is 9.46%, while the 200-Day Moving Average is calculated to be 6.17%.

Shares Statistics:

The stock has traded on average 364.80K shares per day over the past 3-months and 411550 shares per day over the last 10 days, according to various share statistics. A total of 37.16M shares are outstanding, with a floating share count of 36.00M. Insiders hold about 4.08% of the company’s shares, while institutions hold 94.51% stake in the company. Shares short for OFIX as of 1713139200 were 3777085 with a Short Ratio of 10.35, compared to 1710460800 on 3708593. Therefore, it implies a Short% of Shares Outstanding of 3777085 and a Short% of Float of 11.49.

Most Popular

[the_ad id="945"]