Wright Medical Group N.V. (WMGI) With $20.60 Price Forms Bearish Wedge Down Pattern

April 17, 2018 - By Andrea Pope

Wright Medical Group N.V. (NASDAQ:WMGI) Corporate Logo

Wright Medical Group N.V. (WMGI) formed down wedge with $18.95 Target or 8.00 % below Apr, 17, $20.60 share price. At $18.95 Target, the company’s valuation could be $174.56 million less.

Its shares touched $20.6 on during the last trading session after 2.90% change.Currently Wright Medical Group N.V. is downtrending after 36.24% change in last April 17, 2017. WMGI has 595,819 shares volume. The stock underperformed the S&P 500 by 47.79%.

Analysts await Wright Medical Group N.V. (NASDAQ:WMGI) to report earnings on May, 2. They expect $-0.06 EPS, up 33.33 % or $0.03 from last year’s $-0.09 per share. After $0.10 actual EPS reported by Wright Medical Group N.V. for the previous quarter, Wall Street now forecasts -160.00 % negative EPS growth.

Wright Medical Group N.V. (NASDAQ:WMGI) Ratings Coverage

Total analysts of 6 have positions in Wright Medical Group NV (NASDAQ:WMGI) as follows: 6 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. The firm has $32.0 highest while $25 is the lowest [Target]. The average target $27.33 is 32.67% above the last ($20.6) price. Since November 2, 2017 according to StockzIntelligence Inc Wright Medical Group NV has 14 analyst reports. The company rating was maintained by Cantor Fitzgerald on Monday, February 12. On Wednesday, February 28 BMO Capital Markets maintained the shares of WMGI in report with “Outperform” rating. On Wednesday, January 17 the firm earned “Buy” rating by RBC Capital Markets. On Wednesday, February 28 Robert W. Baird maintained Wright Medical Group N.V. (NASDAQ:WMGI) rating. Robert W. Baird has “Buy” rating and $28.0 target. In Thursday, November 2 report Barclays Capital maintained it with “Overweight” rating and $30 target. On Tuesday, January 2 the firm earned “Buy” rating by Piper Jaffray. On Monday, January 8 the stock of Wright Medical Group N.V. (NASDAQ:WMGI) earned “Buy” rating by Cantor Fitzgerald. The stock rating was maintained by Piper Jaffray with “Buy” on Wednesday, February 28. The stock rating was maintained by Barclays Capital with “Overweight” on Wednesday, February 28. In Thursday, November 2 report BMO Capital Markets maintained it with “Outperform” rating and $31 target.

Wright Medical Group N.V. (NASDAQ:WMGI) Analyst Ratings Chart

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