Shares of Wright Medical Group N.V. (NASDAQ:WMGI) recorded 2.60% gain during trading session on August 13th, 2019. The script traded as low as $21.00 and last traded at $21.31. 3.93 million shares changed exchanged hands during trading, a drop of -105.69% from the 30-day average session volume of 1.91M shares. The firm had previously closed at $20.77. The company has $128.58M outstanding shares, price-to-earnings-growth ratio of 3.16and a beta of 0.75. The company has a RSI of 23.35, ATR of 1.20 and a volatility of 6.29% this week. WMGI has a 52 week low price of $20.54 and a 52 week high price of $32.86.
Investors have identified the tech company Wright Medical Group N.V. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 2.74B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Wright Medical Group N.V. (WMGI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For WMGI, the company has in raw cash 150.57 million on their books with 856.97 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 0 total, with 19.51 million as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
WMGI were able to record 45.91 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 40.78 million. In cash movements, the company had a total of 2.1 million as operating cash flow.
Potential earnings growth for Wright Medical Group N.V. (WMGI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Wright Medical Group N.V. recorded a total of 229.73 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.11% coming in sequential stages and their sales for the third quarter reducing by -0.00%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 48.34 million trying to sell their products during the last quarter, with the result yielding a gross income of 181.4 million. This allows shareholders to hold on to 128.58M with the revenue now reading -140 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.16 cents a share).
Is the stock of WMGI attractive?
Having a look at the company’s valuation, the company is expected to record 0.45 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WMGI sounds very interesting.
In related news, SVP, Operations Regan Barry J. bought 10,000 shares of the company’s stock in a transaction that recorded on August 13th, 2019. The purchase was performed at an average price of 21.50, for a total value of 215,000. As the purchase deal closes, the Director Regan Barry J. now bought 23,000 shares of the company’s stock, valued at 495,880. Also, President and CEO PALMISANO ROBERT J bought 46,654 shares of the company’s stock in a deal that was recorded on August 12th, 2019. The shares were bought at an average cost of 21.39 per share, with a total market value of 742,665. Following this completion of disposal, the President, International now holds 444 shares of the company’s stock, valued at 13,666. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.40%.
6 out of 17 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Wright Medical Group N.V. stock. 0 analysts has assigned a Sell rating on the WMGI stock. The 12-month mean consensus price target for the company’s shares has been set at $29.38.