CONMED Corporation (NASDAQ:CNMD) PEG Ratio At 2.46


Market experts has given a mean price target of $48.40 to CONMED Corporation (NASDAQ:CNMD) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $0.58 for the near-term quarter and $1.87 for this year.

Technical View

The technical assessment of CONMED Corporation pinpoints that the 50-day moving average of CONMED Corporation (NASDAQ:CNMD) stock is $40.01, and is trading $-0.18 points away or -0.45% from 50-day moving average of $40.01. It is trading $-2.42 or -5.74% off 200-day MA of $42.25.

The 52-week high of CONMED Corporation (NASDAQ:CNMD) was $51.90 while $35.51 is the low point in the same period. CONMED Corporation share price has to rise more than $-12.07 to register a high for 52-weeks or drop +12.17% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

CONMED Corporation (NASDAQ:CNMD) P/E ratio is 64.35 while PEG ratio is at 2.46. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

CONMED Corporation stock recorded a close of $39.83 in last trading session, which brings it market cap to $1.11B.

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