Solventum Corp (SOLV) concluded trading on Thursday at a closing price of $64.83, with 3.09 million shares of worth about $200.23 million changed hands on the day. On May 09, 2024 the price saw a loss of about -2.41%. Currently the company’s common shares owned by public are about 172.47M shares, out of which, 138.34M shares are available for trading.
Stock saw a price change of -0.48% in past 5 days and over the past one month there was a price change of 1.47%. Over the period of past 52 weeks, stock dropped to lowest price of $60.72 but also hit the highest price of $96.05 during that period. The average intraday trading volume for Solventum Corp shares is 2.83 million. The stock is currently trading 1.66% above its 20-day simple moving average (SMA20), while that difference is down -1.16% for SMA50 and it goes to -1.16% lower than SMA200.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Solventum Corp (NYSE: SOLV) currently have 172.47M outstanding shares and institutions hold larger chunk of about 19.15% of that.
The stock has a current market capitalization of $11.20B. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SOLV, volatility over the week remained 3.07% while standing at 3.26% over the month.
Analysts are in expectations that Solventum Corp (SOLV) stock would likely to be making an EPS of $1.74 in the current quarter, while forecast for next quarter EPS is $1.48 and it is $6.29 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.67 which is $1.82 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -24.79% while it is estimated to decrease by -0.32% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on April 10, 2024 offering an Equal-weight rating for the stock and assigned a target price of $70 to it. Coverage by Wells Fargo stated Solventum Corp (SOLV) stock as an Equal weight in their note to investors on April 08, 2024, suggesting a price target of $69 for the stock.
