The stock of ConforMIS Inc (NASDAQ:CFMS) is a huge mover today! The stock increased 7.94% or $0.73 during the last trading session, hitting $9.92. About 364,374 shares traded hands or 24.39% up from the average. ConforMIS Inc (NASDAQ:CFMS) has declined 2.44% since February 26, 2016 and is downtrending. It has underperformed by 12.87% the S&P500.
The move comes after 5 months positive chart setup for the $402.57M company. It was reported on Sep, 30 by Barchart.com. We have $14.38 PT which if reached, will make NASDAQ:CFMS worth $181.16M more.
Analysts await ConforMIS Inc (NASDAQ:CFMS) to report earnings on November, 7. They expect $-0.35 earnings per share, up 22.22% or $0.10 from last year’s $-0.45 per share. After $-0.34 actual earnings per share reported by ConforMIS Inc for the previous quarter, Wall Street now forecasts 2.94% negative EPS growth.
ConforMIS Inc (NASDAQ:CFMS) Ratings Coverage
Out of 9 analysts covering ConforMIS Inc (NASDAQ:CFMS), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. ConforMIS Inc has been the topic of 16 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of ConforMIS Inc (NASDAQ:CFMS) earned “Neutral” rating by JP Morgan on Tuesday, August 9. Deutsche Bank maintained ConforMIS Inc (NASDAQ:CFMS) on Friday, May 13 with “Buy” rating. Wells Fargo initiated the stock with “Outperform” rating in Monday, July 27 report. As per Tuesday, December 1, the company rating was initiated by Sterne Agee CRT. On Monday, July 27 the stock rating was initiated by JP Morgan with “Overweight”. The rating was initiated by Oppenheimer on Monday, July 27 with “Outperform”. The rating was downgraded by JP Morgan on Friday, May 13 to “Neutral”. The firm has “Buy” rating given on Friday, September 16 by B. Riley & Co. The firm earned “Outperform” rating on Wednesday, August 12 by Oppenheimer. The stock of ConforMIS Inc (NASDAQ:CFMS) earned “Market Perform” rating by Wells Fargo on Friday, May 13.
According to Zacks Investment Research, “ConforMIS, Inc. is a medical technology company which develops, manufacture and sells joint replacement implants. The Company’s iFit technology platform consists of iFit Design, iFit Printing and iFit Just-in-Time Delivery. It operates primarily in the United States, Germany and the United Kingdom. The Company serves orthopedic surgeons, hospitals and other medical facilities and patients. ConforMIS, Inc. is based in Bedford, United States.”
More notable recent ConforMIS Inc (NASDAQ:CFMS) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on July 01, 2015, also Quotes.Wsj.com with their article: “ConforMIS Inc. CFMS (US: Nasdaq)” published on June 30, 2015, Globenewswire.com published: “ConforMIS Initiates Voluntary Recall of Specific Serial Numbers of Patient …” on August 31, 2015. More interesting news about ConforMIS Inc (NASDAQ:CFMS) were released by: Bostonglobe.com and their article: “ConforMIS taking a custom-fit approach to joint replacements” published on August 18, 2015 as well as Marketwatch.com‘s news article titled: “Conformis shares plunge more than 30% on cut outlook, CEO search” with publication date: May 12, 2016.
CFMS Company Profile
ConforMIS, Inc., incorporated on March 26, 2004, is a medical technology firm that uses its iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants that are individually sized and shaped. The Company’s products include iTotal, iTotal PS, iDuo and iUni. The Company’s iFit technology platform comprises three elements: iFit Design, iFit Printing and iFit Just-in-Time Delivery. iFit Design is the Company’s algorithms and computer software that it uses to design customized implants and associated single-use, patient-specific instrumentation, which is referred to as iJigs. iJigs is based on a computed tomography (CT) scan of the patient and to prepare a surgical plan customized for the patient that it calls iView. iFit Printing is a three-dimensional (3D) printing technology that the Company uses to manufacture iJigs. iFit Just-in-Time Delivery is its just-in-time manufacturing and delivery capability. The Firm markets and sells its products in the United States, Germany, the United Kingdom, Austria, Ireland, Switzerland, Singapore and Hong Kong.
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