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After finishing at $70.12 in the prior trading day, Solventum Corp (NYSE: SOLV) closed at $70.04, down -0.11%. In other words, the price has decreased by -$0.11 from its previous closing price. On the day, 0.88 million shares were traded. SOLV stock price reached its highest trading level at $70.825 during the session, while it also had its lowest trading level at $69.7.
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 0.96 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 3.11 whereas as Long-Term Debt/Eq ratio is at 2.90.
On May 30, 2024, Goldman started tracking the stock assigning a Sell rating and target price of $54.Goldman initiated its Sell rating on May 30, 2024, with a $54 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 12096678912 and an Enterprise Value of 19505649664. Its current Enterprise Value per Revenue stands at 2.377 whereas that against EBITDA is 9.351.
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 14.58%, while the 200-Day Moving Average is calculated to be 15.91%.
Shares Statistics:
The stock has traded on average 1.44M shares per day over the past 3-months and 1388170 shares per day over the last 10 days, according to various share statistics. A total of 172.71M shares are outstanding, with a floating share count of 138.29M. Insiders hold about 19.93% of the company’s shares, while institutions hold 61.52% stake in the company. Shares short for SOLV as of 1724976000 were 5347049 with a Short Ratio of 3.71, compared to 1722384000 on 6423460.
