NASDAQ:OFIX

Orthofix Medical - OFIX Stock Forecast, Price & News

$19.59

+0.51 (+2.67%)

(As of 10/4/2022 12:00 AM ET)

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Today's Range: $19.26
▼
$19.66
50-Day Range: $19.08
▼
$25.93
52-Week Range: $18.97
▼
$38.83

Volume: 181,981 shs
Average Volume: 196,358 shs
Market Capitalization: $390.04 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $45.00

Orthofix Medical MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 129.7% Upside
$45.00 Price Target
Short Interest: Healthy
2.38% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.68
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 2.22%
From $0.45 to $0.46 Per Share

Overall MarketRank^™

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

2.27 out of 5 stars

Medical Sector

407th out of 1,087 stocks

Surgical & Medical Instruments Industry

46th out of 106 stocks

3.5

Analyst's Opinion

Consensus Rating
Orthofix Medical 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 $45.00, Orthofix Medical has a forecasted upside of 129.7% from its current price of $19.59.
Amount of Analyst Coverage
Orthofix Medical has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.38% of the float of Orthofix Medical has been sold short.
Short Interest Ratio / Days to Cover
Orthofix Medical has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Orthofix Medical has recently decreased by 11.07%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Orthofix Medical does not currently pay a dividend.
Dividend Growth
Orthofix Medical 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 OFIX.

2.0

News and Social Media Coverage

News Sentiment
Orthofix Medical has a news sentiment score of 0.68. 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 0.80 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Orthofix Medical this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Orthofix Medical insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.50% of the stock of Orthofix Medical is held by insiders.
Percentage Held by Institutions
99.53% of the stock of Orthofix Medical is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Orthofix Medical are expected to grow by 2.22% in the coming year, from $0.45 to $0.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Orthofix Medical is -10.53, 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 Orthofix Medical is -10.53, 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
Orthofix Medical has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Orthofix Medical (NASDAQ:OFIX) Stock

Orthofix Medical Inc. operates as a medical device and biologics company in the United States, Italy, Germany, France, the United Kingdom, Brazil, and internationally. It operates through two segments, Global Spine and Global Orthopedics. The Global Spine segment manufactures, distributes, and provides support services for bone growth stimulator devices that enhance bone fusion, as well as used as a therapeutic treatment for non-spinal and appendicular fractures. This segment also designs, develops, and markets a portfolio of motion preservation and fixation implant products, which are used in surgical procedures of the spine; and a portfolio of products and tissue forms that allow physicians to treat a range of spinal and orthopedic conditions, as well as markets regenerative non-tissue biologic solutions derived from synthetic materials. The Global Orthopedics segment designs, develops, and markets orthopedic products that are used in fracture repair, deformity correction, and bone reconstruction procedures. The company markets and distributes its products through direct sales representatives; independent distributors; and employed and independent sales representatives to physicians, hospitals, ambulatory surgery centers, integrated health delivery systems, and other purchasing organizations. The company was formerly known as Orthofix International N.V. and changed its name to Orthofix Medical Inc. in July 2018. Orthofix Medical Inc. was founded in 1980 and is headquartered in Lewisville, Texas.

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OFIX Stock News Headlines

September 30, 2022 | marketwatch.com

Medical Orthopedic Fixation Device Market Key Player, Competition Weakness and Strengths from 2022 to 2028

September 30, 2022 | americanbankingnews.com

Orthofix Medical (NASDAQ:OFIX) and Health Sciences Acquisitions Co. 2 (NASDAQ:HSAQ) Head-To-Head Analysis

September 29, 2022 | marketwatch.com

Orthobiologics Market Share, Size, Growth, Future Trends, Key Players and Industry Analysis 2022-2028

September 28, 2022 | marketwatch.com

Trauma Products Market Size to Grow at 5.72% CAGR During the Forecast Period of 2022-2027 | 114 Report Pages

September 27, 2022 | nasdaq.com

Orthofix Medical (NASDAQ:OFIX) investors are sitting on a loss of 62% if they invested three years ago

September 20, 2022 | marketwatch.com

Medical Implants Market Industry Analysis, Size, Share, Product types, Applications, Key Segments, Recent Trends and Forecast to 2028

September 14, 2022 | seekingalpha.com

OFIX Orthofix Medical Inc.

September 14, 2022 | finance.yahoo.com

Orthofix Medical Announces Participation in Upcoming Sidoti Virtual Investor Conference

September 2, 2022 | americanbankingnews.com

Orthofix Medical (NASDAQ:OFIX) Issues FY 2022 Earnings Guidance

August 10, 2022 | seekingalpha.com

Orthofix Medical Inc. 2022 Q2 - Results - Earnings Call Presentation

August 5, 2022 | finance.yahoo.com

Orthofix Reports Second Quarter 2022 Results

August 5, 2022 | finance.yahoo.com

Orthofix (OFIX) Beats Q2 Earnings and Revenue Estimates

August 4, 2022 | apnews.com

CGBio Signing a North America Out-license Contract on “Novosis rhBMP-2,” a Bone Substitute with Orthofix, USA

August 2, 2022 | finance.yahoo.com

Orthofix Medical and CGBio Announce Strategic Partnership Agreement for Novosis rhBMP-2 Bone Graft Solutions

July 29, 2022 | finance.yahoo.com

Foot And Ankle Devices Global Market Report 2022

July 28, 2022 | marketwatch.com

Bone Growth Stimulator Market Type, Regional Outlook, Future Scope, and Leading Players, Trends, Demand Growth Revenue Analysis Report to 2028

July 27, 2022 | finance.yahoo.com

Orthofix Medical Schedules Second Quarter Earnings Release and Conference Call for August 5, 2022

July 26, 2022 | finance.yahoo.com

Orthofix Announces First Clinical Use of Virtuos Lyograft – a First-of-Its-Kind, Shelf-Stable and Complete Autograft Substitute for Spine and Orthopedic Procedures

July 25, 2022 | nz.finance.yahoo.com

Artificial Cervical Intervertebral Disc Market Size Worth $4.37 Bn Globally, by 2028 at 18.0% CAGR - Exclusive Report by The Insight Partners

July 19, 2022 | apnews.com

Conventus Flower Orthopedics Appoints Bradley Niemann as Chief Executive Officer

July 18, 2022 | finance.yahoo.com

Investors in Orthofix Medical (NASDAQ:OFIX) have unfortunately lost 52% over the last three years

July 13, 2022 | finance.yahoo.com

Orthofix Medical and LimaCorporate Announce Partnership to Provide Solution for Patients with High Hip Dislocation for the US Market

June 19, 2022 | finance.yahoo.com

Is Now An Opportune Moment To Examine Orthofix Medical Inc. (NASDAQ:OFIX)?

June 16, 2022 | marketwatch.com

Spine Biologics Market Share, Size 2022 | Business Revenue, Future Growth, Trends, Top Key Players, Business Opportunities | Forecast to 2028

June 14, 2022 | marketwatch.com

Global Bracing and Support (B&S) Market Advancement and Future Scope Till 2027

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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OFIX Company Calendar

Last Earnings: 8/05/2022
Today: 10/05/2022
Next Earnings (Estimated): 11/04/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surgical & medical instruments
Sub-Industry: Health Care Equipment
Sector: Medical
Current Symbol: NASDAQ:OFIX
CUSIP: N6748L10
CIK: 884624
Web: www.orthofix.com
Phone: (214) 937-2000
Fax: 599 9 461 6978
Employees: 1,087
Year Founded: 1980

Price Target and Rating

Average Stock Price Forecast: $45.00
High Stock Price Forecast: $45.00
Low Stock Price Forecast: $45.00
Forecasted Upside/Downside: +129.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.86)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 43.53
P/E Growth: N/A
Net Income: $-38,380,000.00
Net Margins: -8.00%
Pretax Margin: -2.92%
Return on Equity: 1.90%
Return on Assets: 1.38%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 3.15
Quick Ratio: 1.95

Sales & Book Value

Annual Sales: $464.48 million
Price / Sales: 0.84
Cash Flow: $3.21 per share
Price / Cash Flow: 6.10
Book Value: $16.99 per share
Price / Book: 1.15

Miscellaneous

Outstanding Shares: 19,910,000
Free Float: 19,215,000
Market Cap: $390.04 million
Optionable: Optionable
Beta: 1.03

Social Links

Key Executives

Mr. Jon C. Serbousek (Age 61)
Pres, CEO & Director
Comp: $1.61M

Mr. Douglas C. Rice (Age 56)
CFO & Chief Accounting Officer
Comp: $782.49k

Ms. Kimberley A. Elting (Age 57)
Chief Legal & Devel. Officer and Pres of the Global Orthopedics
Comp: $781.15k

Mr. Kevin J. Kenny (Age 57)
Pres of Global Spine Bus.
Comp: $778.96k

Mr. Roberto Donadello
Sr. VP of Global Operations

Dr. James T. Ryaby B.A. (Age 63)
Chemistry, Ph.D., Chief Scientific Officer

Mr. Dan E. Yarbrough
VP of Investor Relations

Ms. Suzanne Armstrong
VP of HR

Mr. Ehab M. Esmail (Age 50)
Sr. VP of Quality, Regulatory & Clinical Affairs

Mr. Dalles Stiles
Sr. VP of Strategy

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OFIX Stock - Frequently Asked Questions

Should I buy or sell Orthofix Medical stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Orthofix Medical in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" OFIX shares.
View OFIX analyst ratings or view top-rated stocks.
What is Orthofix Medical's stock price forecast for 2022?: 1 brokerages have issued 12-month price objectives for Orthofix Medical's shares. Their OFIX share price forecasts range from $45.00 to $45.00. On average, they predict the company's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 129.7% from the stock's current price.
View analysts price targets for OFIX or view top-rated stocks among Wall Street analysts.
How have OFIX shares performed in 2022?: Orthofix Medical's stock was trading at $31.09 at the beginning of 2022. Since then, OFIX stock has decreased by 37.0% and is now trading at $19.59.
View the best growth stocks for 2022 here.
When is Orthofix Medical's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our OFIX earnings forecast.
How were Orthofix Medical's earnings last quarter?: Orthofix Medical Inc. (NASDAQ:OFIX) posted its quarterly earnings data on Friday, August, 5th. The medical device company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The medical device company earned $118.07 million during the quarter, compared to analysts' expectations of $117.40 million. Orthofix Medical had a negative net margin of 8.00% and a positive trailing twelve-month return on equity of 1.90%.
What guidance has Orthofix Medical issued on next quarter's earnings?: Orthofix Medical updated its FY 2022 earnings guidance on Friday, September, 2nd. The company provided earnings per share guidance of $0.45-$0.55 for the period. The company issued revenue guidance of $455.00 million-$465.00 million, compared to the consensus revenue estimate of $479.18 million.

What is Brad Mason's approval rating as Orthofix Medical's CEO?: 32 employees have rated Orthofix Medical Chief Executive Officer Brad Mason on Glassdoor.com. Brad Mason has an approval rating of 73% among the company's employees.
What other stocks do shareholders of Orthofix Medical own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Orthofix Medical investors own include AbbVie (ABBV), Enterprise Products Partners (EPD), Edwards Lifesciences (EW), Gilead Sciences (GILD), Biogen (BIIB), Pfizer (PFE), Exxon Mobil (XOM), Advanced Micro Devices (AMD), bluebird bio (BLUE) and Esperion Therapeutics (ESPR).
What is Orthofix Medical's stock symbol?: Orthofix Medical trades on the NASDAQ under the ticker symbol "OFIX."
How do I buy shares of Orthofix Medical?: Shares of OFIX 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 Orthofix Medical's stock price today?: One share of OFIX stock can currently be purchased for approximately $19.59.
How much money does Orthofix Medical make?: Orthofix Medical (NASDAQ:OFIX) has a market capitalization of $390.08 million and generates $464.48 million in revenue each year. The medical device company earns $-38,380,000.00 in net income (profit) each year or ($1.86) on an earnings per share basis.
How many employees does Orthofix Medical have?: The company employs 1,087 workers across the globe.
How can I contact Orthofix Medical?: Orthofix Medical's mailing address is 3451 Plano Parkway, Lewisville TX, 75056. The official website for the company is www.orthofix.com. The medical device company can be reached via phone at (214) 937-2000, via email at markquick@orthofix.com, or via fax at 599 9 461 6978.

This page (NASDAQ:OFIX) was last updated on 10/5/2022 by MarketBeat.com Staff

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Orthofix Medical - OFIX Stock Forecast, Price & News

Orthofix Medical MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month