While Orthofix Medical Inc has overperformed by 1.87%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OFIX fell by -28.18%, with highs and lows ranging from $20.73 to $10.24, whereas the simple moving average fell by -17.49% in the last 200 days.
On January 22, 2025, Canaccord Genuity started tracking Orthofix Medical Inc (NASDAQ: OFIX) recommending Buy. A report published by Stifel on November 08, 2024, Upgraded its rating to ‘Buy’ for OFIX. ROTH MKM also Upgraded OFIX shares as ‘Buy’, setting a target price of $20 on the company’s shares in a report dated May 08, 2024. ROTH MKM Initiated an Neutral rating on October 20, 2023, and assigned a price target of $12. Stifel September 12, 2023d its ‘Buy’ rating to ‘Hold’ for OFIX, as published in its report on September 12, 2023. BTIG Research also rated the stock as ‘Buy’.
Analysis of Orthofix Medical Inc (OFIX)
Further, the quarter-over-quarter increase in sales is 2.27%, showing a positive trend in the upcoming months.
Orthofix Medical Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -24.63% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.50, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and OFIX has an average volume of 418.60K. On a monthly basis, the volatility of the stock is set at 4.05%, whereas on a weekly basis, it is put at 5.30%, with a gain of 10.39% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.55, showing growth from the present price of $12.54, which can serve as yet another indication of whether OFIX is worth investing in or should be passed over.
How Do You Analyze Orthofix Medical Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.82% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OFIX shares are owned by institutional investors to the tune of 83.82% at present.
