Orthofix Medical Inc (NASDAQ: OFIX) on November 20, 2023, started off the session at the price of $10.53, soaring 3.15% from the previous trading day. During the day, the shares moved up to $10.89 and dropped to $10.40 before settling in for the closing price of $10.49. Within the past 52 weeks, OFIX’s price has moved between $9.57 and $23.19.
During the last 5-year period, the sales growth of Healthcare Sector giant was 1.56%. The company achieved an average annual earnings per share of -232.22%. With a float of $35.46 million, this company’s outstanding shares have now reached $36.76 million.
Let’s determine the extent of company efficiency that accounts for 1092 employees. In terms of profitability, gross margin is +71.41, operating margin of -6.27, and the pretax margin is -3.84.
Orthofix Medical Inc (OFIX) Breakdown of a Key Holders of the stock
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Orthofix Medical Inc is 3.52%, while institutional ownership is 95.84%. The most recent insider transaction that took place on Sep 14, was worth 101,025. In this transaction Director of this company bought 7,500 shares at a rate of $13.47, taking the stock ownership to the 86,153 shares. Before that another transaction happened on May 26, when Company’s President of Global Spine sold 3,876 for $19.00, making the entire transaction worth $73,644. This insider now owns 142,431 shares in total.
Orthofix Medical Inc (OFIX) Recent Fiscal highlights
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.07 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.21) by $0.28. This company achieved a net margin of -4.29 while generating a return on equity of -5.86. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -232.22% per share during the next fiscal year.
Orthofix Medical Inc (NASDAQ: OFIX) Trading Performance Indicators
Orthofix Medical Inc (OFIX) is currently performing well based on its current performance indicators. A quick ratio of 1.13 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.90, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.15 in one year’s time.
Technical Analysis of Orthofix Medical Inc (OFIX)
Looking closely at Orthofix Medical Inc (NASDAQ: OFIX), its last 5-days average volume was 0.98 million, which is a jump from its year-to-date volume of 0.42 million. As of the previous 9 days, the stock’s Stochastic %D was 35.31%. Additionally, its Average True Range was 0.65.
During the past 100 days, Orthofix Medical Inc’s (OFIX) raw stochastic average was set at 10.35%, which indicates a significant decrease from 42.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.69% in the past 14 days, which was lower than the 77.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.83, while its 200-day Moving Average is $17.23. However, in the short run, Orthofix Medical Inc’s stock first resistance to watch stands at $11.01. Second resistance stands at $11.19. The third major resistance level sits at $11.50. If the price goes on to break the first support level at $10.52, it is likely to go to the next support level at $10.21. Now, if the price goes above the second support level, the third support stands at $10.03.
Orthofix Medical Inc (NASDAQ: OFIX) Key Stats
Market capitalization of the company is 397.74 million based on 36,757K outstanding shares. Right now, sales total 460,710 K and income totals -19,750 K. The company made 184,010 K in profit during its latest quarter, and -28,860 K in sales during its previous quarter.