The growth track for Conmed Corp. (CNMD) has changed recently

With 0.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.18 shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $87.03 whereas the lowest price it dropped to was $84.21. The 52-week range on CNMD shows that it touched its highest point at $138.47 and its lowest point at $80.01 during that stretch. It currently has a 1-year price target of $111.12. With its current market cap of 2.67 billion, CNMD has annualized dividend of $0.80 (0.92%) while the current yield stands at 0.80 (0.92%). Beta for the stock currently stands at 1.37.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNMD was up-trending over the past week, with a rise of 7.43%, but this was down by -22.74% over a month. Three-month performance dropped to -13.36% while six-month performance fell -22.88%. The stock lost -16.52% in the past year, while it has lost -20.63% so far this year. A look at the trailing 12-month EPS for CNMD yields 2.04 with Next year EPS estimates of 5.62. For the next quarter, that number is 0.74. This implies an EPS growth rate of 25.62% for this year and 29.62% for next year. EPS is expected to grow by 25.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.64%.

Float and Shares Shorts:

At present, 30.75 million CNMD shares are outstanding with a float of 30.52 million shares on hand for trading. On Jan 31, 2024, short shares totaled 4.8 million, which was 15.61% higher than short shares on Dec 29, 2023. In addition to INMD as the firm’s InMode Ltd., MNMD serves as its Mind Medicine (MindMed) Inc..

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNMD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CNMD analysts setting a high price target of $132.00 and a low target of $98.00, the average target price over the next 12 months is $111.13. Based on these targets, CNMD could surge 51.86% to reach the target high and rise by 12.75% to reach the target low. Reaching the average price target will result in a growth of 27.85% from current levels.

Summary of Insider Activity:

Insiders traded CNMD stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 40 over the past year. The total number of shares bought during that period was 124,512 while 126,026 shares were sold.