Conmed Corp's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 37 out of 205 in the Healthcare Equipment & Supplies industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 47.40.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Conmed Corp is 8.27, ranking 52 out of 205 in the Healthcare Equipment & Supplies industry. Its financial status is weak, and its operating efficiency is high. Its latest quarterly revenue reached 373.20M, representing a year-over-year increase of 7.88%, while its net profit experienced a year-over-year increase of 50.41%.
Key Metrics
The current valuation score of Conmed Corp is 8.23, ranking 36 out of 205 in the Healthcare Equipment & Supplies industry. Its current P/E ratio is 27.39, which is 118.00% below the recent high of 59.70 and 259.02% above the recent low of -43.55.
The current earnings forecast score of Conmed Corp is 6.33, ranking 168 out of 205 in the Healthcare Equipment & Supplies industry. The average price target is 52.00, with a high of 55.00 and a low of 41.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Conmed Corp is 7.07, ranking 54 out of 205 in the Healthcare Equipment & Supplies industry. Currently, the stock price is trading between the resistance level at 45.18 and the support level at 36.61, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of Conmed Corp is 10.00, ranking 1 out of 205 in the Healthcare Equipment & Supplies industry. The latest institutional shareholding proportion is 136.51%, representing a quarter-over-quarter decrease of 0.59%. The largest institutional shareholder is The Vanguard, holding a total of 3.66M shares, representing 11.81% of shares outstanding, with 4.43% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Healthcare Equipment & Supplies domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Conmed Corp is 6.88, ranking 50 out of 205 in the Healthcare Equipment & Supplies industry. The company's beta value is 0.94. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. Conmed Corp’s latest ESG disclosure leads the Healthcare Equipment & Supplies industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
