Conformis Announces Definitive Agreement to be Acquired by restor3d for a Purchase Price of 2.27 Per Share in Cash
| CFMSDelisted Stock | USD 2.23 0.01 0.45% |
Slightly above 54% of ConforMIS's investor base is interested to short. The analysis of current outlook of investing in ConforMIS suggests that many traders are impartial regarding ConforMIS's prospects. ConforMIS's investing sentiment can be driven by a variety of factors including economic data, ConforMIS's earnings reports, geopolitical events, and overall market trends.
ConforMIS |
Combination creates a leading personalized 3D-printed orthopedic medical device companyDURHAM, N.C. and BILLERICA, Mass., June 22, 2023 restor3d, Inc. and Conformis, Inc. announced today that they have entered into a definitive merger agreement under which restor3d, a leading personalized 3D-printed orthopedic company, will acquire all outstanding shares of common stock of Conformis at 2.27 per share in cash, which represents an approximate 96 percent premium
Read at finance.yahoo.com
 |
ConforMIS Fundamental Analysis
We analyze ConforMIS's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ConforMIS using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ConforMIS 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.
Current Liabilities
Current Liabilities Comparative Analysis
ConforMIS is currently under evaluation in current liabilities category among its peers. Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
ConforMIS 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 ConforMIS stock to make a market-neutral strategy. Peer analysis of ConforMIS could also be used in its relative valuation, which is a method of valuing ConforMIS by comparing valuation metrics with similar companies.
Peers
ConforMIS Related Equities
| BJDX | Bluejay Diagnostics | 11.00 | ||||
| PAVM | PAVmed | 6.56 | ||||
| NUWE | Nuwellis | 5.65 | ||||
| NPCE | Neuropace | 4.78 | ||||
| HYPR | Hyperfine | 4.21 | ||||
| TIVC | Tivic Health | 3.70 | ||||
| AXDX | Accelerate Diagnostics | 2.68 | ||||
| VVOS | Vivos Therapeutics | 1.06 | ||||
| OFIX | Orthofix Medical | 0.38 | ||||
| KIDS | Orthopediatrics Corp | 0.18 | ||||
| AORT | Artivion | 0.13 | ||||
| ANIK | Anika Therapeutics | 0.37 | ||||
| AVNS | Avanos Medical | 0.38 | ||||
| SGHT | Sight Sciences | 1.01 | ||||
| AXGN | Axogen | 1.01 | ||||
| CVRX | CVRx | 1.99 | ||||
| HSCS | Heart Test | 2.32 | ||||
| BBLG | Bone Biologics | 3.64 | ||||
| RPID | Rapid Micro | 6.21 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Other Consideration for investing in ConforMIS Stock
If you are still planning to invest in ConforMIS check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ConforMIS's history and understand the potential risks before investing.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |