Solventum Corp (NYSE:SOLV) does about 3.37M shares in volume on a normal day but saw 1505935 shares change hands in Tuesday trading. The company now has a market cap of 10.97B USD. Its current market price is $63.50, marking an increase of 2.30% compared to the previous close of $62.07. The 52 week high reached by this stock is $96.05 whilst the lowest price level in 52 weeks is $61.38.
Solventum Corp (SOLV) has the current price is -33.89% off the 52-week high compared with 3.45% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 3.00%.
The consensus objective for the share price is $69.50, suggesting that the stock has a potential upside of 8.63% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 10, 2024 when Morgan Stanley initiated the stock to “Equal-Weight” and issued a price target of $70.
Its price is -20.63% year-to-date.
To reach the target analysts have set, the stock logically needs to grow 8.63 percent from here.
The forward price to earnings ratio is 10.09.
