The Stock Of The Week: Conformis Inc. (CFMS)

As of Friday close, Conformis Inc.’s (NASDAQ:CFMS) stock was up $0.01, moving up 4.40 percent to $0.28. The average number of shares traded per day over the past five days has been 1,625,020 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0190 gain in that time frame. In the last twenty days, the average volume was 980,045, while in the previous 50 days, it was 781,856.

Since last month, CFMS stock retreated -20.90%. Shares of the company fell to $0.2510 on 08/01/22, the lowest level in the past month. A 52-week high of $1.96 was reached on 01/04/22 after having rallying from a 52-week low of $0.25. Since the beginning of this year, CFMS’s stock price has dropped by -63.23% or -$0.4814, and marked a new high 2 times. However, the stock has declined by -85.68% since its 52-week high.

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Conformis Inc. (CFMS) last reported insider trading activity 91 days ago on May 07. Augusti Mark A, the President & CEO of the company, disposed of 22,396 shares for $0.46 on May 07. It resulted in a $10,280 divestment by the insider. HOWE ROBERT S sold 11,537 shares at an average price of $0.65 on Feb 17. The insider now owns 416,584 shares following the transaction. On Jan 03, President & CEO Augusti Mark A sold 25,249 shares at $0.74 apiece. The transaction was valued at $18,798.

Valuation Metrics

The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 0.50, the price-to-book (PB) ratio of 0.58.

Financial Health

In the three months ended March 30, Conformis Inc.’s quick ratio stood at 5.90, while its current ratio was 6.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.24, and the total debt-to-equity ratio was 0.24. On the profitability front, the trailing twelve-month gross margin is 64.20% percent. In the year ended March 30, operating margins totaled -3.70%. Based on annual data, CFMS earned $65.68 million in gross profit and brought in $99.86 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.40%. Return on equity (ROE) for the past 12 months was -6.50%.

In Conformis Inc.’s quarter-end financial report for March 30, it reported total debt of $20.4 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CFMS’s revenue rose 11.0% to $15.42 million during the quarter, while net income inched up to $15.55 million. While analysts expected Conformis Inc. to report -$0.07 quarterly earnings, the actual figure was -$0.09 per share, beating the consensus estimate by -28.60%. During the quarter, the company generated -$13.63 million in EBITDA. The liabilities of Conformis Inc. were 42.79 million at the end of its most recent quarter ended March 30, and its total debt was $28.42 million. The value of shareholders’ equity is $185.43 million.

Technical Picture

This quick technical analysis looks at Conformis Inc.’s (CFMS) price momentum. With a historical volatility rate of 56.64%, the RSI 9-day stood at 49.31% on 05 August.

With respect to its five-day moving average, the current Conformis Inc. price is up by +7.28% percent or $0.0190. At present, CFMS shares trade -17.89% below its 20-day simple moving average and -53.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately -32.97% below its SMA50 and -78.46% below its SMA200.

Stochastic coefficient K was 27.20% and Stochastic coefficient D was 17.70%, while ATR was 0.0251. Given the Stochastic reading of 43.94% for the 14-day period, the RSI (14) reading has been calculated as 44.22%.

Analyst Ratings

Conformis Inc. downgraded its rating on Conformis Inc. (NASDAQ: CFMS) to a Neutral in a note to investors on August 01, 2019. The analysts firm previously had a Buy rating on the stock.Conformis Inc. (CFMS) has been rated Buy by analysts. According to 0 brokerage firms, CFMS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Conformis Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $2.00, the current consensus forecast for the stock is $1.75 – $2.00. Based on these forecasts, analysts predict Conformis Inc. (CFMS) will achieve an average price target of $1.92.


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