Check out these key findings about Solventum Corp (SOLV)

With 1.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.51 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $57.28 whereas the lowest price it dropped to was $56.05. The 52-week range on SOLV shows that it touched its highest point at $96.05 and its lowest point at $54.47 during that stretch. It currently has a 1-year price target of $65.75.

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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 SOLV was down-trending over the past week, with a drop of -0.60%, but this was down by -12.53% over a month. For the next quarter, that number is 1.50. This implies an EPS growth rate of -36.78% for this year and -9.77% for next year.

Float and Shares Shorts:

At present, 172.71 million SOLV shares are outstanding with a float of 138.34 million shares on hand for trading. On 2024-05-15, short shares totaled 4.1 million, which was 270.0 higher than short shares on 1713139200. In addition to Mr. Bryan C. Hanson as the firm’s CEO & Director, Mr. Wayde D. McMillan serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.22136 of SOLV’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, SOLV reported revenue of $2016000000.0 and operating income of $381000000.0. The EBITDA in the recently reported quarter was $507000000.0 and diluted EPS was $1.37.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SOLV 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.