Conmed Stock Buy Hold or Sell Recommendation
| CNMD Stock | USD 71.71 1.02 1.44% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding CONMED is 'Hold'. Macroaxis provides CONMED buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CONMED positions.
Check out CONMED Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade CONMED Stock refer to our How to Trade CONMED Stock guide. Note, we conduct extensive research on individual companies such as CONMED and provide practical buy, sell, or hold advice based on investors' constraints. CONMED. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
CONMED |
Execute CONMED Buy or Sell Advice
The CONMED recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on CONMED. Macroaxis does not own or have any residual interests in CONMED or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute CONMED's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
CONMED Trading Alerts and Improvement Suggestions
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| On 4th of October 2024 CONMED paid $ 0.2 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Acquisition by David Bronson of 5503 shares of CONMED at 77.18 subject to Rule 16b-3 |
CONMED Returns Distribution Density
The distribution of CONMED's historical returns is an attempt to chart the uncertainty of CONMED's future price movements. The chart of the probability distribution of CONMED daily returns describes the distribution of returns around its average expected value. We use CONMED price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of CONMED returns is essential to provide solid investment advice for CONMED.
| Mean Return | 0.09 | Value At Risk | -3.83 | Potential Upside | 4.57 | Standard Deviation | 2.42 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of CONMED historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
CONMED Stock Institutional Investors
| Shares | Geode Capital Management, Llc | 2024-06-30 | 685.1 K | Cooke & Bieler Lp | 2024-09-30 | 668.8 K | Deerfield Management Co | 2024-06-30 | 631.3 K | Principal Financial Group Inc | 2024-09-30 | 620.7 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 577.7 K | Millennium Management Llc | 2024-06-30 | 547.6 K | Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2024-06-30 | 497.8 K | Wells Fargo & Co | 2024-06-30 | 424.9 K | Clearbridge Advisors, Llc | 2024-06-30 | 421.5 K | Blackrock Inc | 2024-06-30 | 5 M | Vanguard Group Inc | 2024-09-30 | 3.5 M |
CONMED Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (117K) | (30.4M) | (37.8M) | (78.6M) | 14.1M | 14.8M | |
| Change In Cash | 8.3M | 1.5M | (6.5M) | 8.1M | (4.6M) | (4.4M) | |
| Free Cash Flow | 75.1M | 51.5M | 96.9M | 11.6M | 106.3M | 111.6M | |
| Depreciation | 72.3M | 72.6M | 70.7M | 69.5M | 51.4M | 37.5M | |
| Other Non Cash Items | 12.4M | 13.4M | 14.8M | 119.4M | 24.1M | 19.2M | |
| Capital Expenditures | 20.1M | 13.0M | 14.9M | 21.8M | 19.0M | 17.6M | |
| Net Income | 28.6M | 9.5M | 62.5M | (80.6M) | 64.5M | 67.7M | |
| End Period Cash Flow | 25.9M | 27.4M | 20.8M | 28.9M | 24.3M | 23.7M | |
| Change To Netincome | 6.1M | 55.0M | 20.2M | 130.2M | 149.7M | 157.2M | |
| Dividends Paid | 22.6M | 22.8M | 23.3M | 24.0M | 24.5M | 18.7M | |
| Change Receivables | (13.6M) | (17.5M) | (9.2M) | (5.2M) | (4.7M) | (4.9M) | |
| Net Borrowings | 346.6M | (29.4M) | (83.2M) | 340.2M | 391.2M | 410.8M | |
| Investments | (387.7M) | (13.6M) | (14.9M) | (249.5M) | (21.5M) | (22.6M) |
CONMED Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CONMED or Health Care Equipment & Supplies sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CONMED's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CONMED stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.0051 | |
β | Beta against Dow Jones | 1.02 | |
σ | Overall volatility | 2.38 | |
Ir | Information ratio | -0.0013 |
CONMED Volatility Alert
CONMED currently demonstrates below-average downside deviation. It has Information Ratio of 0.0 and Jensen Alpha of -0.01. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure CONMED's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact CONMED's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.CONMED Fundamentals Vs Peers
Comparing CONMED's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze CONMED's direct or indirect competition across all of the common fundamentals between CONMED and the related equities. This way, we can detect undervalued stocks with similar characteristics as CONMED or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of CONMED's fundamental indicators could also be used in its relative valuation, which is a method of valuing CONMED by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare CONMED to competition |
| Fundamentals | CONMED | Peer Average |
| Return On Equity | 0.15 | -0.31 |
| Return On Asset | 0.0398 | -0.14 |
| Profit Margin | 0.10 % | (1.27) % |
| Operating Margin | 0.12 % | (5.51) % |
| Current Valuation | 3.12 B | 16.62 B |
| Shares Outstanding | 30.89 M | 571.82 M |
| Shares Owned By Insiders | 0.58 % | 10.09 % |
| Shares Owned By Institutions | 99.42 % | 39.21 % |
| Number Of Shares Shorted | 846.97 K | 4.71 M |
| Price To Earning | 188.03 X | 28.72 X |
| Price To Book | 2.38 X | 9.51 X |
| Price To Sales | 1.72 X | 11.42 X |
| Revenue | 1.24 B | 9.43 B |
| Gross Profit | 575.75 M | 27.38 B |
| EBITDA | 182.19 M | 3.9 B |
| Net Income | 64.46 M | 570.98 M |
| Cash And Equivalents | 33.35 M | 2.7 B |
| Cash Per Share | 1.09 X | 5.01 X |
| Total Debt | 991.25 M | 5.32 B |
| Debt To Equity | 1.45 % | 48.70 % |
| Current Ratio | 2.75 X | 2.16 X |
| Book Value Per Share | 30.21 X | 1.93 K |
| Cash Flow From Operations | 125.35 M | 971.22 M |
| Short Ratio | 5.37 X | 4.00 X |
| Earnings Per Share | 4.16 X | 3.12 X |
| Price To Earnings To Growth | 5.29 X | 4.89 X |
| Target Price | 83.13 | |
| Number Of Employees | 4 K | 18.84 K |
| Beta | 1.46 | -0.15 |
| Market Capitalization | 2.22 B | 19.03 B |
| Total Asset | 2.3 B | 29.47 B |
| Retained Earnings | 452.53 M | 9.33 B |
| Working Capital | 304.92 M | 1.48 B |
Note: Disposition of 118 shares by Richard Glaze of CONMED at 70.69 subject to Rule 16b-3 [view details]
CONMED Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as CONMED . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About CONMED Buy or Sell Advice
When is the right time to buy or sell CONMED? Buying financial instruments such as CONMED Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
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Check out CONMED Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade CONMED Stock refer to our How to Trade CONMED Stock guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CONMED. If investors know CONMED will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CONMED listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.14 | Dividend Share 0.8 | Earnings Share 4.16 | Revenue Per Share 41.821 | Quarterly Revenue Growth 0.04 |
The market value of CONMED is measured differently than its book value, which is the value of CONMED that is recorded on the company's balance sheet. Investors also form their own opinion of CONMED's value that differs from its market value or its book value, called intrinsic value, which is CONMED's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CONMED's market value can be influenced by many factors that don't directly affect CONMED's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CONMED's value and its price as these two are different measures arrived at by different means. Investors typically determine if CONMED is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CONMED's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.