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After finishing at $70.26 in the prior trading day, Solventum Corp (NYSE: SOLV) closed at $69.57, down -0.98%. In other words, the price has decreased by -$0.98 from its previous closing price. On the day, 0.85 million shares were traded. SOLV stock price reached its highest trading level at $70.7345 during the session, while it also had its lowest trading level at $69.25.
Ratios:
Our goal is to gain a better understanding of SOLV by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 2.68 whereas as Long-Term Debt/Eq ratio is at 2.45.
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 this company, Mizuho on December 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $70.
On October 08, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $82.
On October 07, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $71.Piper Sandler initiated its Neutral rating on October 07, 2024, with a $71 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SOLV now has a Market Capitalization of 12018704384 and an Enterprise Value of 19355500544. Its current Enterprise Value per Revenue stands at 2.356 whereas that against EBITDA is 10.519.
Stock Price History:
Over the past 52 weeks, SOLV has reached a high of $96.05, while it has fallen to a 52-week low of $47.16. The 50-Day Moving Average of the stock is -1.40%, while the 200-Day Moving Average is calculated to be 9.74%.
Shares Statistics:
The stock has traded on average 1.10M shares per day over the past 3-months and 915580 shares per day over the last 10 days, according to various share statistics. A total of 172.75M shares are outstanding, with a floating share count of 138.33M. Insiders hold about 19.93% of the company’s shares, while institutions hold 62.56% stake in the company. Shares short for SOLV as of 1731628800 were 3716840 with a Short Ratio of 3.38, compared to 1728950400 on 4461438.
