Home Sectors Healthcare Stock to Watch: CONMED Corporation (NASDAQ: CNMD)

Stock to Watch: CONMED Corporation (NASDAQ: CNMD)

SHARE

CONMED Corporation is in the medical devices industry and healthcare sector. The company CEO is Curt R. Hartman. Conmed Corp is a medical technology company with an emphasis on surgical devices and equipment for minimally invasive procedures and monitoring. The Company’s products serve the clinical areas, surgeons and physicians.

Previous Intraday Trading Performance:

The CNMD stock showed a previous change of 1.15% with an open at 79.06 and a close of 79.27. It reached an intraday high of 79.98 and a low of 78.67.

Business Wire:  CONMED Corporation Announces Annual Meeting of Shareholders

Liquidity:

The stock has a market cap of $2.2b with 28.2m shares outstanding, of which the float is 27.5m shares. Trading volume reached 224,127 shares compared to its average volume of 318,244 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, CONMED Corporation shares returned 2.02% and in the past 30 trading days it returned 15.39%. Over three months, it changed 18.91%. In one year it has changed 26.62% and within that year its 52-week high was 83.49 and its 52-week low was 56.91. CNMD stock is 39.30% above its 52 Week Low.

Our calculations show a 200 day moving average of 72.11 and a 50 day moving average of 70.58. Currently CNMD stock is trading 9.93% above its 200 day moving average.

Business Wire:  CONMED Corporation Announces Annual Meeting of Shareholders

Earnings:

The last annual fiscal EPS for the company was reported at 2.18 that ended on 31st of December 2018, which according to the previous close, that is a PE of 56.22. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.73. The TTM EPS is 2.18, which comes to a TTM PE of 36.36. Historically, the PE high was 105.30 and the PE low was 25.30. If the stock reached its PE low, that would represent a price of 55.16, which is a decrease of -30.42%.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.73
09-30-2018:  0.46
06-30-2018:  0.46
03-31-2018:  0.53

The dividend per share is currently 0.80, which is a dividend yield of 1.01%. Also, the payout ratio is 36.70%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 43.09, which means it may be overvalued by -83.97%

Indicators to Watch:

Based on the latest filings, there is 148.10% of institutional ownership. Short-interest is 0, which is 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.00.

The current calculated beta is 0.66

SeekingAlpha:  Comtech Telecommunications Corp. 2019 Q2 – Results – Earnings Call Slides

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 6.45%, return on assets is 3.06%, profit margin is 4.79%, price-to-sales is 2.57 and price-to-book is 3.34.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 1  :Past Performance Score
 2  :Financial Strength Score
 4  :Future Growth Score
 2  :Dividend Score
 2  :Overall Score

SHARE
John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.