NASDAQ:CFMS

Conformis - CFMS Stock Forecast, Price & News

$0.30

+0.02 (+7.61%)

(As of 08/10/2022 03:08 PM ET)

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Today's Range: $0.28
▼
$0.30
50-Day Range: $0.26
▼
$0.42
52-Week Range: $0.25
▼
$1.96

Volume: 52,097 shs
Average Volume: 746,172 shs
Market Capitalization: $54.81 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.00

Conformis MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 596.6% Upside
$2.00 Price Target
Short Interest: Healthy
1.38% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.20
Based on 13 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.31) to ($0.27) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Medical Sector

254th out of 1,108 stocks

Surgical Appliances & Supplies Industry

8th out of 22 stocks

3.5

Analyst's Opinion

Consensus Rating
Conformis has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.00, Conformis has a forecasted upside of 596.6% from its current price of $0.29.
Amount of Analyst Coverage
Conformis has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.38% of the float of Conformis has been sold short.
Short Interest Ratio / Days to Cover
Conformis has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Conformis has recently decreased by 17.01%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Conformis does not currently pay a dividend.
Dividend Growth
Conformis does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CFMS.

2.9

News and Social Media Coverage

News Sentiment
Conformis has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Conformis this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for CFMS on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
5 people have added Conformis to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Conformis insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.40% of the stock of Conformis is held by insiders.
Percentage Held by Institutions
51.01% of the stock of Conformis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Conformis are expected to grow in the coming year, from ($0.31) to ($0.27) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Conformis is -7.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Conformis is -7.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Conformis has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Conformis (NASDAQ:CFMS) Stock

Conformis, Inc., a medical technology company, develops, manufactures, and sells patient-specific products and instrumentation. The company offers personalized knee replacement products, including iUni, iDuo, a custom-made partial knee replacement option for either unicompartmental or bicompartmental osteoarthritis of the knee; iTotal CR, a cruciate retaining total knee replacement product; iTotal PS, a posterior stabilized knee replacement product, as well as provides iTotal Identity and Identity Imprint knee replacement products. It also provides Conformis Hip System and Cordera hip replacement, which are hip replacement products; and iJigs, a personalized single-use patient-specific instrumentation. The company markets and sells its products to orthopedic surgeons, hospitals, and other medical facilities through sales force, independent sales representatives, and distributors in the United States, Germany, the United Kingdom, Austria, Ireland, Switzerland, Spain, Portugal, the Netherlands, Belgium, the Dutch Antilles, Suriname, Australia, the United Arab Emirates, the Sultanate of Oman, Italy, Poland, and other markets. Conformis, Inc. was incorporated in 2004 and is headquartered in Billerica, Massachusetts.

Conformis Stock Performance

CFMS opened at $0.27 on Wednesday. The company has a fifty day moving average of $0.32 and a 200 day moving average of $0.49. The stock has a market capitalization of $50.94 million, a price-to-earnings ratio of -6.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 5.87 and a current ratio of 6.84. Conformis has a fifty-two week low of $0.25 and a fifty-two week high of $1.96.

Conformis (NASDAQ:CFMS - Get Rating) last posted its earnings results on Monday, August 8th. The medical instruments supplier reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Conformis had a negative net margin of 6.83% and a negative return on equity of 6.50%. During the same quarter last year, the firm earned $0.21 earnings per share. As a group, sell-side analysts forecast that Conformis will post -0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Conformis in a research note on Tuesday. They issued a "hold" rating for the company.

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CFMS Stock News Headlines

August 10, 2022 | americanbankingnews.com

Conformis (NASDAQ:CFMS) Receives New Coverage from Analysts at StockNews.com

August 9, 2022 | benzinga.com

Recap: Conformis Q2 Earnings - Benzinga

August 9, 2022 | in.investing.com

ConforMIS Inc Misses Q2 EPS by 1c By Investing.com - Investing.com India

August 9, 2022 | streetinsider.com

ConforMIS Inc (CFMS) Misses Q2 EPS by 1c - StreetInsider.com

August 9, 2022 | seekingalpha.com

ConforMIS GAAP EPS of -$0.09 misses by $0.01, revenue of $15.3M beats by $0.15M - Seeking Alpha

August 8, 2022 | globenewswire.com

Conformis Reports Second Quarter 2022 Financial Results - GlobeNewswire

August 8, 2022 | finance.yahoo.com

Conformis Reports Second Quarter 2022 Financial Results

August 7, 2022 | seekingalpha.com

ConforMIS Q2 2022 Earnings Preview

August 6, 2022 | americanbankingnews.com

Conformis (CFMS) to Release Earnings on Monday

August 4, 2022 | americanbankingnews.com

Short Interest in Conformis, Inc. (NASDAQ:CFMS) Decreases By 17.0%

August 2, 2022 | finance.yahoo.com

Conformis Shares Jump On Personalized Orthopedic Implants Contract

August 2, 2022 | finance.yahoo.com

Conformis Announces New Agreement with Vizient for Personalized Orthopedic Implants - Yahoo Finance

August 1, 2022 | globenewswire.com

Conformis Announces New Agreement with Vizient for Personalized Orthopedic Implants - GlobeNewswire

August 1, 2022 | finance.yahoo.com

Conformis Announces New Agreement with Vizient for Personalized Orthopedic Implants

August 1, 2022 | benzinga.com

Conformis Granted FDA 510(k) Premarket Notification For 'Identity Imprint Knee Replacement System' - Benzinga

July 28, 2022 | benzinga.com

Conformis, Inc. to Participate in the Canaccord Genuity 42nd Annual Growth Conference - Benzinga

July 28, 2022 | finance.yahoo.com

Conformis, Inc. to Participate in the Canaccord Genuity 42nd Annual Growth Conference

July 26, 2022 | americanbankingnews.com

StockNews.com Initiates Coverage on Conformis (NASDAQ:CFMS)

July 18, 2022 | americanbankingnews.com

Head-To-Head Survey: Conformis (NASDAQ:CFMS) & Vicarious Surgical (NYSE:RBOT)

July 5, 2022 | globenewswire.com

Conformis, Inc. to Release Second Quarter 2022 Financial Results on August 8, 2022 - GlobeNewswire

July 5, 2022 | finance.yahoo.com

Conformis, Inc. to Release Second Quarter 2022 Financial Results on August 8, 2022

June 16, 2022 | globenewswire.com

The US has the Highest Number of Knee Reconstruction Pipeline Products | GlobalData Plc - GlobeNewswire

June 8, 2022 | uk.finance.yahoo.com

Worldwide Trauma Implants Industry to 2031 - Featuring Conformis, Orthofix Medical and Acumed Among Others - Yahoo Finance UK

June 6, 2022 | finance.yahoo.com

Worldwide Trauma Implants Industry to 2031 - Featuring Conformis, Orthofix Medical and Acumed Among Others - Yahoo Finance

May 27, 2022 | streetinsider.com

Form 4 Conformis Inc For: May 24 Filed by: BIENKOWSKI CARRIE - StreetInsider.com

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CFMS Company Calendar

Last Earnings: 8/08/2022
Today: 8/10/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surgical appliances & supplies
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:CFMS
CUSIP: N/A
CIK: 1305773
Web: www.conformis.com
Phone: (781) 345-9001
Fax: 781-345-0147
Employees: 310
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $2.00
High Stock Price Forecast: $2.00
Low Stock Price Forecast: $2.00
Forecasted Upside/Downside: +576.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.04)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-2,410,000.00
Net Margins: -6.83%
Pretax Margin: -6.73%
Return on Equity: -6.50%
Return on Assets: -4.62%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 6.84
Quick Ratio: 5.87

Sales & Book Value

Annual Sales: $99.86 million
Price / Sales: 0.55
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.54 per share
Price / Book: 0.55

Miscellaneous

Outstanding Shares: 185,428,000
Free Float: 179,123,000
Market Cap: $54.81 million
Optionable: Not Optionable
Beta: 1.25

Key Executives

Mr. Mark A. Augusti (Age 56)
CEO, Pres & Director
Comp: $1.22M
Mr. Robert S Howe (Age 52)
CFO & Treasurer
Comp: $524.91k
Mr. Michael Fillion
Chief Operating Officer
Mr. John Slamin (Age 68)
Chief Technology Officer
Ms. Denise E. Pedulla J.D. (Age 62)
M.P.H., Chief Legal Officer & Corp. Sec.
Mr. Farzin Khaghani
VP of U.S. Marketing
Ms. Allison Baker
Sr. Director of HR
Eric Rickenbach
Sr. VP of US Sales
Mr. Terrance Wong
Sr. VP of HIP & Private Label Engineering
Ms. Erin Henry (Age 37)
Corp. Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CFMS Stock - Frequently Asked Questions

Should I buy or sell Conformis stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Conformis in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CFMS shares.
View CFMS analyst ratings or view top-rated stocks.
What is Conformis' stock price forecast for 2022?: 1 analysts have issued 12 month target prices for Conformis' shares. Their CFMS share price forecasts range from $2.00 to $2.00. On average, they expect the company's stock price to reach $2.00 in the next twelve months. This suggests a possible upside of 576.4% from the stock's current price.
View analysts price targets for CFMS or view top-rated stocks among Wall Street analysts.
How have CFMS shares performed in 2022?: Conformis' stock was trading at $0.7610 at the start of the year. Since then, CFMS stock has decreased by 61.1% and is now trading at $0.2957.
View the best growth stocks for 2022 here.
Are investors shorting Conformis?: Conformis saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,700,000 shares, a decline of 30.3% from the July 15th total of 2,440,000 shares. Based on an average daily trading volume, of 851,600 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the company's shares are short sold.
View Conformis' Short Interest.
When is Conformis' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CFMS earnings forecast.
How were Conformis' earnings last quarter?: Conformis, Inc. (NASDAQ:CFMS) announced its earnings results on Monday, August, 8th. The medical instruments supplier reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.01. Conformis had a negative trailing twelve-month return on equity of 6.50% and a negative net margin of 6.83%. During the same period last year, the company posted $0.21 earnings per share.
What is Mark Augusti's approval rating as Conformis' CEO?: 15 employees have rated Conformis Chief Executive Officer Mark Augusti on Glassdoor.com. Mark Augusti has an approval rating of 55% among the company's employees. This puts Mark Augusti in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Conformis own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Conformis investors own include Advanced Micro Devices (AMD), Martin Midstream Partners (MMLP), Micron Technology (MU), NVIDIA (NVDA), Trevena (TRVN), Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV), Alibaba Group (BABA) and AT&T (T).
When did Conformis IPO?: (CFMS) raised $135 million in an initial public offering (IPO) on Wednesday, July 1st 2015. The company issued 9,000,000 shares at a price of $14.00-$16.00 per share. J.P. Morgan and Deutsche Bank Securities acted as the underwriters for the IPO and Wells Fargo Securities and Canaccord Genuity were co-managers.
What is Conformis' stock symbol?: Conformis trades on the NASDAQ under the ticker symbol "CFMS."
Who are Conformis' major shareholders?: Conformis' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (7.00%), Granite Point Capital Management L.P. (0.92%), Avidian Wealth Solutions LLC (0.47%) and Connor Clark & Lunn Investment Management Ltd. (0.31%). Insiders that own company stock include Erin Henry, J Brent Alldredge, Kenneth P Fallon III, Mark A Augusti, Mark A Augusti, Paul S Weiner and Robert S Howe.
View institutional ownership trends.
How do I buy shares of Conformis?: Shares of CFMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Conformis' stock price today?: One share of CFMS stock can currently be purchased for approximately $0.30.
How much money does Conformis make?: Conformis (NASDAQ:CFMS) has a market capitalization of $54.83 million and generates $99.86 million in revenue each year. The medical instruments supplier earns $-2,410,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis.
How many employees does Conformis have?: The company employs 310 workers across the globe.
How can I contact Conformis?: Conformis' mailing address is 600 TECHNOLOGY PARK DRIVE, BILLERICA MA, 01821. The official website for the company is www.conformis.com. The medical instruments supplier can be reached via phone at (781) 345-9001, via email at ir@conformis.com, or via fax at 781-345-0147.

This page (NASDAQ:CFMS) was last updated on 8/10/2022 by MarketBeat.com Staff

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Conformis - CFMS Stock Forecast, Price & News

Conformis MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Conformis (NASDAQ:CFMS) Stock

Conformis Stock Performance

Analysts Set New Price Targets

CFMS Stock News Headlines

CFMS Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CFMS Stock - Frequently Asked Questions

Should I buy or sell Conformis stock right now?

What is Conformis' stock price forecast for 2022?

How have CFMS shares performed in 2022?

Are investors shorting Conformis?

When is Conformis' next earnings date?

How were Conformis' earnings last quarter?

What is Mark Augusti's approval rating as Conformis' CEO?

What other stocks do shareholders of Conformis own?

When did Conformis IPO?

What is Conformis' stock symbol?

Who are Conformis' major shareholders?

How do I buy shares of Conformis?

What is Conformis' stock price today?

How much money does Conformis make?

How many employees does Conformis have?

How can I contact Conformis?

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