Orthofix Medical Stock Today
| OFIX Stock | USD 13.00 0.18 1.37% |
Performance0 of 100
| Odds Of DistressLess than 29
|
Orthofix Medical is trading at 13.00 as of the 18th of April 2024; that is -1.37 percent decrease since the beginning of the trading day. The stock's open price was 13.18. Orthofix Medical has about a 29 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Orthofix Medical are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of January 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 24th of April 1992 | Category Healthcare | Classification Health Care |
Orthofix Medical Inc. operates as a medical device and biologics company in the United States, Italy, Germany, France, the United Kingdom, Brazil, and internationally. Orthofix Medical Inc. was founded in 1980 and is headquartered in Lewisville, Texas. The company has 37.41 M outstanding shares of which 3.84 M shares are now shorted by private and institutional investors with about 9.86 trading days to cover. More on Orthofix Medical
Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Orthofix Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Orthofix Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Orthofix Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Bradley Mason | ||||
| Thematic Idea | Obamacare (View all Themes) | ||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, NASDAQ Composite Total, NASDAQ Health Care, Obamacare, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Orthofix Medical report their recommendations after researching Orthofix Medical's financial statements, talking to executives and customers, or listening in on Orthofix Medical's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Orthofix Medical. The Orthofix consensus assessment is calculated by taking the average forecast from all of the analysts covering Orthofix Medical. | |||||
Orthofix Medical's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Orthofix Medical's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Orthofix Medical's financial leverage. It provides some insight into what part of Orthofix Medical's total assets is financed by creditors.
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Orthofix Medical (OFIX) is traded on NASDAQ Exchange in USA. It is located in 3451 Plano Parkway, Lewisville, TX, United States, 75056 and employs 1,634 people. Orthofix Medical is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 493.02 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Orthofix Medical's market, we take the total number of its shares issued and multiply it by Orthofix Medical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Orthofix Medical conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 37.41 M outstanding shares of which 3.84 M shares are now shorted by private and institutional investors with about 9.86 trading days to cover.
Orthofix Medical currently holds about 59.54 M in cash with (45.75 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.98.
Check Orthofix Medical Probability Of Bankruptcy
Ownership AllocationOrthofix Medical owns a total of 37.41 Million outstanding shares. The majority of Orthofix Medical outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Orthofix Medical to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Orthofix Medical. Please pay attention to any change in the institutional holdings of Orthofix Medical as this could imply that something significant has changed or is about to change at the company. Also note that almost three hundred seventy-four thousand sixty-six invesors are currently shorting Orthofix Medical expressing very little confidence in its future performance.
Check Orthofix Ownership Details
Orthofix Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Orthofix Medical jumping above the current price in 90 days from now is roughly 97.0%. The Orthofix Medical probability density function shows the probability of Orthofix Medical stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.6651. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Orthofix Medical will likely underperform. Additionally, orthofix Medical has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Orthofix Medical to move above the current price in 90 days from now is roughly 97.0 (This Orthofix Medical probability density function shows the probability of Orthofix Stock to fall within a particular range of prices over 90 days) .
Orthofix Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Orthofix Medical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Orthofix Medical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Orthofix Medical's value.| Instituion | Recorded On | Shares | |
| Assenagon Asset Management Sa | 2023-12-31 | 568.5 K | |
| Millennium Management Llc | 2023-12-31 | 508.1 K | |
| Glenview Capital Management Llc | 2023-12-31 | 500 K | |
| Awm Investment Company Inc | 2023-12-31 | 474.5 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 461.9 K | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 458.1 K | |
| Emerald Mutual Fund Advisers Trust | 2023-12-31 | 394.7 K | |
| Tejara Capital Ltd | 2023-12-31 | 394.1 K | |
| Northern Trust Corp | 2023-12-31 | 355.1 K | |
| Rubric Capital Management Lp | 2023-12-31 | 3.7 M | |
| Armistice Capital, Llc | 2023-12-31 | 3.6 M |
Orthofix Medical Historical Income Statement
Orthofix Medical Income Statement is one of the three primary financial statements used for reporting Orthofix's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Orthofix Medical revenue and expense. Orthofix Medical Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Orthofix Medical's Interest Expense is fairly stable compared to the past year. Total Revenue is likely to rise to about 784 M in 2024, whereas Gross Profit is likely to drop slightly above 258.6 M in 2024. View More FundamentalsOrthofix Stock Against Markets
Picking the right benchmark for Orthofix Medical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Orthofix Medical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Orthofix Medical is critical whether you are bullish or bearish towards Orthofix Medical at a given time. Please also check how Orthofix Medical's historical prices are related to one of the top price index indicators.
Be your own money manager
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Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
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Orthofix Medical Corporate Directors
Orthofix Medical corporate directors refer to members of an Orthofix Medical board of directors. The board of directors generally takes responsibility for the Orthofix Medical's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Orthofix Medical's board members must vote for the resolution. The Orthofix Medical board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Michael Paolucci | Independent Director | Profile | |
| James Hinrichs | Independent Director | Profile | |
| Alexis Lukianov | Independent Director | Profile | |
| Anthony Martin | Independent Director | Profile |
How to buy Orthofix Stock?
Before investing in Orthofix Medical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Orthofix Medical. To buy Orthofix Medical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Orthofix Medical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Orthofix Medical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Orthofix Medical stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Orthofix Medical stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Orthofix Medical, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Orthofix Stock please use our How to Invest in Orthofix Medical guide.
Already Invested in Orthofix Medical?
The danger of trading Orthofix Medical is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Orthofix Medical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Orthofix Medical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Orthofix Medical is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Orthofix Medical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Orthofix Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Orthofix Medical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Orthofix Medical Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orthofix Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Orthofix Stock please use our How to Invest in Orthofix Medical guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Orthofix Stock analysis
When running Orthofix Medical's price analysis, check to measure Orthofix Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Orthofix Medical is operating at the current time. Most of Orthofix Medical's value examination focuses on studying past and present price action to predict the probability of Orthofix Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orthofix Medical's price. Additionally, you may evaluate how the addition of Orthofix Medical to your portfolios can decrease your overall portfolio volatility.
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Is Orthofix Medical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Orthofix Medical. If investors know Orthofix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Orthofix Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.12) | Revenue Per Share 20.328 | Quarterly Revenue Growth 0.64 | Return On Assets (0.06) | Return On Equity (0.32) |
The market value of Orthofix Medical is measured differently than its book value, which is the value of Orthofix that is recorded on the company's balance sheet. Investors also form their own opinion of Orthofix Medical's value that differs from its market value or its book value, called intrinsic value, which is Orthofix Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Orthofix Medical's market value can be influenced by many factors that don't directly affect Orthofix Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Orthofix Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orthofix Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orthofix Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.