Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Solventum Corp (NYSE: SOLV) closed the day trading at $65.62 down -0.76% from the previous closing price of $66.12. In other words, the price has decreased by -$0.76 from its previous closing price. On the day, 0.9 million shares were traded. SOLV stock price reached its highest trading level at $66.465 during the session, while it also had its lowest trading level at $65.21.
Ratios:
For a better understanding of SOLV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.10. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 2.77 whereas as Long-Term Debt/Eq ratio is at 2.67.
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 11352458240 and an Enterprise Value of 18772635648. As of this moment, Solventum’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.79, and their Forward P/E ratio for the next fiscal year is 10.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 3.83. Its current Enterprise Value per Revenue stands at 2.274 whereas that against EBITDA is 11.398.
Stock Price History:
The Beta on a monthly basis for SOLV is 0.44, which has changed by 0.01500392 over the last 52 weeks, in comparison to a change of 0.092895746 over the same period for the S&P500. Over the past 52 weeks, SOLV has reached a high of $85.92, while it has fallen to a 52-week low of $47.16. The 50-Day Moving Average of the stock is -9.37%, while the 200-Day Moving Average is calculated to be -4.74%.
Shares Statistics:
Over the past 3-months, SOLV traded about 1.18M shares per day on average, while over the past 10 days, SOLV traded about 789590 shares per day. A total of 172.79M shares are outstanding, with a floating share count of 138.44M. Insiders hold about 19.98% of the company’s shares, while institutions hold 64.88% stake in the company. Shares short for SOLV as of 1744675200 were 4388315 with a Short Ratio of 3.72, compared to 1741910400 on 4341304. Therefore, it implies a Short% of Shares Outstanding of 4388315 and a Short% of Float of 3.17.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
