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The price of Solventum Corp (NYSE: SOLV) closed at $49.00 in the last session, down -0.73% from day before closing price of $49.36. In other words, the price has decreased by -$0.73 from its previous closing price. On the day, 1.09 million shares were traded. SOLV stock price reached its highest trading level at $50.36 during the session, while it also had its lowest trading level at $48.98.
Ratios:
We take a closer look at SOLV’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 1.81. In the meantime, Its Debt-to-Equity ratio is 2.16 whereas as Long-Term Debt/Eq ratio is at 2.16.
On May 30, 2024, Goldman started tracking the stock assigning a Sell rating and target price of $54.
On May 10, 2024, BofA Securities started tracking the stock assigning a Neutral rating and target price of $70.BofA Securities initiated its Neutral rating on May 10, 2024, with a $70 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 8462790144 and an Enterprise Value of 15769765888. Its current Enterprise Value per Revenue stands at 1.923 whereas that against EBITDA is 6.981.
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 $47.35. The 50-Day Moving Average of the stock is -14.67%, while the 200-Day Moving Average is calculated to be -18.48%.
Shares Statistics:
According to the various share statistics, SOLV traded on average about 1.92M shares per day over the past 3-months and 1697410 shares per day over the past 10 days. A total of 172.71M shares are outstanding, with a floating share count of 138.34M. Insiders hold about 19.90% of the company’s shares, while institutions hold 22.04% stake in the company. Shares short for SOLV as of 1719532800 were 5232346 with a Short Ratio of 2.72, compared to 1717113600 on 5949429.
