What To Expect From Orthofix Medical Inc Q3 2024 Earnings

OFIX Stock  USD 18.40  0.14  0.76%   
Slightly above 70% of Orthofix Medical's investor base is looking to short. The analysis of overall sentiment of trading Orthofix Medical stock suggests that many investors are alarmed at this time. Orthofix Medical's investing sentiment can be driven by a variety of factors including economic data, Orthofix Medical's earnings reports, geopolitical events, and overall market trends.
  
Orthofix Medical Inc is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is 196.52 million, and the earnings are expected to come in at -0.35 per share. The full year 2024s revenue is expected to be 797.03 million and the earnings are expected to be -2.19 per share.

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Orthofix Medical Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Orthofix Medical can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Orthofix Medical Fundamental Analysis

We analyze Orthofix Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Orthofix Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Orthofix Medical based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Profit Margin

Profit Margin Comparative Analysis

Orthofix Medical is currently under evaluation in profit margin category among its peers. Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.

Orthofix Medical Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Orthofix Medical stock to make a market-neutral strategy. Peer analysis of Orthofix Medical could also be used in its relative valuation, which is a method of valuing Orthofix Medical by comparing valuation metrics with similar companies.

Peers

Orthofix Medical Related Equities

LIVNLivaNova PLC   4.20   
0%
100.0%
CVRXCVRx   1.18   
0%
28.0%
GMEDGlobus Medical   0.20   
0%
4.0%
GKOSGlaukos Corp   0.13   
0%
3.0%
FNAParagon 28   0.1   
2.0%
0%
ITGRInteger Holdings   0.78   
18.0%
0%
RXSTRxsight   1.14   
27.0%
0%
BRKRBruker   1.22   
29.0%
0%
LUNGPulmonx Corp   1.25   
29.0%
0%
SGHTSight Sciences   1.28   
30.0%
0%
ATECAlphatec Holdings   1.34   
31.0%
0%
KIDSOrthopediatrics Corp   1.43   
34.0%
0%
CNMDCONMED   1.49   
35.0%
0%
IRMDIradimed   2.21   
52.0%
0%
NPCENeuropace   2.80   
66.0%
0%

Additional 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.