Conmed Stock Price on September 24, 2024
| CNMD Stock | USD 74.91 3.20 4.46% |
Below is the normalized historical share price chart for CONMED extending back to July 28, 1987. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of CONMED stands at 74.91, as last reported on the 25th of November, with the highest price reaching 75.22 and the lowest price hitting 71.71 during the day.
If you're considering investing in CONMED Stock, it is important to understand the factors that can impact its price. At this point, CONMED is very steady. CONMED secures Sharpe Ratio (or Efficiency) of 0.0336, which signifies that the company had a 0.0336% return per unit of risk over the last 3 months. We have found thirty technical indicators for CONMED, which you can use to evaluate the volatility of the firm. Please confirm CONMED's risk adjusted performance of 0.0618, and Mean Deviation of 1.88 to double-check if the risk estimate we provide is consistent with the expected return of 0.0815%.
At present, CONMED's Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Sale Purchase Of Stock is expected to grow to about 3 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 25.9 M. . At present, CONMED's Price Book Value Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price To Free Cash Flows Ratio is expected to grow to 33.17, whereas Price Earnings To Growth Ratio is forecasted to decline to (0.31). CONMED Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 23rd of July 1987 | 200 Day MA 72.6226 | 50 Day MA 69.5306 | Beta 1.461 |
CONMED |
Sharpe Ratio = 0.0336
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| Cash | Small Risk | CNMD | High Risk | Huge Risk |
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Estimated Market Risk
| 2.42 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average CONMED is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CONMED by adding it to a well-diversified portfolio.
Price Book 2.4805 | Enterprise Value Ebitda 11.9184 | Price Sales 1.7965 | Shares Float 30.6 M | Dividend Share 0.8 |
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CONMED Valuation on September 24, 2024
It is possible to determine the worth of CONMED on a given historical date. On September 24, 2024 CONMED was worth 75.3 at the beginning of the trading date compared to the closed value of 76.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CONMED stock. Still, in general, we apply an absolute valuation method to find CONMED's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CONMED where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CONMED's related companies.
| Open | High | Low | Close | Volume | |
| 75.67 | 76.57 | 75.20 | 75.50 | 241,590 | |
09/24/2024 | 75.30 | 76.94 | 74.91 | 76.25 | 231,754 |
| 76.53 | 76.53 | 73.28 | 73.32 | 491,198 |
| Backtest CONMED | | | CONMED History | | | CONMED Valuation | Previous | Next |
CONMED Trading Date Momentum on September 24, 2024
| On September 25 2024 CONMED was traded for 73.32 at the closing time. The top price for the day was 76.53 and the lowest listed price was 73.28 . The trading volume for the day was 491.2 K. The trading history from September 25, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.84% . The overall trading delta against the current closing price is 10.39% . |
CONMED Fundamentals Correlations and Trends
By evaluating CONMED's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CONMED's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CONMED financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CONMED Stock history
CONMED investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CONMED is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CONMED will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CONMED stock prices may prove useful in developing a viable investing in CONMED
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 31.5 M | 25.9 M | |
| Net Loss | -72.5 M | -68.9 M |
CONMED Quarterly Net Working Capital |
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CONMED Stock Technical Analysis
CONMED technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
CONMED Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
CONMED cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
CONMED November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how CONMED stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CONMED shares will generate the highest return on investment. By undertsting and applying CONMED stock market strength indicators, traders can identify CONMED entry and exit signals to maximize returns
CONMED Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CONMED's price direction in advance. Along with the technical and fundamental analysis of CONMED Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CONMED to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0618 | |||
| Jensen Alpha | 0.0325 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0191 | |||
| Treynor Ratio | 0.1498 |
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| Volume Indicators |
Complementary Tools for CONMED Stock analysis
When running CONMED's price analysis, check to measure CONMED's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CONMED is operating at the current time. Most of CONMED's value examination focuses on studying past and present price action to predict the probability of CONMED's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CONMED's price. Additionally, you may evaluate how the addition of CONMED to your portfolios can decrease your overall portfolio volatility.
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