Solventum Corp [NYSE: SOLV] gained 3.74% on the last trading session, reaching $54.98 price per share at the time.
If compared to the average trading volume of 1.90M shares, SOLV reached a trading volume of 2775949 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Solventum Corp [SOLV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SOLV shares is $58.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SOLV stock is a recommendation set at 3.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Argus have made an estimate for Solventum Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 24, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Sell. The new note on the price target was released on May 30, 2024, representing the official price target for Solventum Corp stock. Previously, the target price had yet another raise to $70, while BofA Securities analysts kept a Neutral rating on SOLV stock.
The Average True Range (ATR) for Solventum Corp is set at 1.85 The Price to Book ratio for the last quarter was 2.47, with the Price to Cash per share for the same quarter was set at 5.77.
Trading performance analysis for SOLV stock
Solventum Corp [SOLV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.39.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SOLV stock in for the last two-week period is set at 58.42, with the RSI for the last a single of trading hit 68.54, and the three-weeks RSI is set at 50.91 for Solventum Corp [SOLV]. The present Moving Average for the last 50 days of trading for this stock 56.04, while it was recorded at 51.05 for the last single week of trading.
Solventum Corp [SOLV]: A deeper dive into fundamental analysis
Solventum Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.33 and a Current Ratio set at 1.81.
An analysis of Institutional ownership at Solventum Corp [SOLV]
The top three institutional holders of SOLV stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SOLV stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SOLV stock with ownership which is approximately 5.1238%.
