A look at its monthly performance shows that Wright Medical Group N.V. (NASDAQ:WMGI) has recorded a 11.09% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 54.49% and is now up by 13.74% since start of this year. The equity price rose 3.96% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price climbed by 2.55% over the past three months which led to its overall six-month increase to stand at 11.37%.
Experts from research firms are bullish about the near-term performance of Wright Medical Group N.V. with most of them predicting a $33.94 price target on a short-term (12 months) basis. The average price target by the analysts will see a 9.63% rise in the stock and would lead to WMGI’s market cap to surge to $4.21B. The stock has been rated an average 1.6, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 17 analysts that track Wright Medical Group N.V. (NASDAQ:WMGI) and find out that 2 of them rated it as a Hold. 15 of the 15 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at WMGI technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 67.9 point. Its trading volume has added 4310535 shares compared to readings over the past three months as it recently exchanged 5700535 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1390000 shares, and this is 4.1 times the normal volume.
The CCC stock Stochastic Oscillator (%D) is at 68.69%, which means that it is currently neutral. The shares P/S ratio stands at 0 which compares to the 14.17 recorded by the industry or the 10.46 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 0, which is lower than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -10% over the past five years.