CONMED Corporation (CNMD)
CONMED Corporation (CNMD) is a leading medical technology company dedicated to advancing surgical performance and enhancing patient outcomes through the development, manufacturing, and sale of innovative surgical devices and related equipment for minimally invasive procedures. With a global presence and a strong emphasis on innovation, CONMED specializes in a diverse range of surgical solutions across multiple specialties, including orthopedics, general surgery, and gynecology. Headquartered in Largo, Florida, the company is committed to delivering high-quality, reliable products that support healthcare professionals in improving the safety and efficiency of surgical interventions.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.25% per annum.
- CNMD price at the close of February 24, 2026 was $46.06 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,205.65% per annum.
- CNMD price at the close of February 24, 2026 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of CNMD price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 19, 2023
End date: February 19, 2026
a = 5.6414
b = -0.0011
s = 0.0867
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0867) – 1
= 41.44%
April 19, 2023 calculations
Top border of price channel:
Exp(Y540)
= Exp(a + b × X540 + 2 × s)
= Exp(a + b × 783 + 2 × s)
= Exp(5.6414 + -0.0011 × 783 + 2 × 0.0867)
= Exp(4.9796)
= $145.42
Bottom border of price channel:
Exp(Y540)
= Exp(a + b × X540 – 2 × s)
= Exp(a + b × 783 – 2 × s)
= Exp(5.6414 + -0.0011 × 783 – 2 × 0.0867)
= Exp(4.6329)
= $102.81
February 19, 2026 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(5.6414 + -0.0011 × 1,820 + 2 × 0.0867)
= Exp(3.8736)
= $48.11
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(5.6414 + -0.0011 × 1,820 – 2 × 0.0867)
= Exp(3.5269)
= $34.02
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.25% per annum.
- CNMD price at the close of February 24, 2026 was $46.06 and was inside the primary price channel.
Secondary Trend
Start date: January 28, 2026
End date: February 24, 2026
a = -9.0187
b = 0.0070
s = 0.0164
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0070) – 1
= 1,205.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0164) – 1
= 6.77%
January 28, 2026 calculations
Top border of price channel:
Exp(Y1,236)
= Exp(a + b × X1,236 + 2 × s)
= Exp(a + b × 1,798 + 2 × s)
= Exp(-9.0187 + 0.0070 × 1,798 + 2 × 0.0164)
= Exp(3.6704)
= $39.27
Bottom border of price channel:
Exp(Y1,236)
= Exp(a + b × X1,236 – 2 × s)
= Exp(a + b × 1,798 – 2 × s)
= Exp(-9.0187 + 0.0070 × 1,798 – 2 × 0.0164)
= Exp(3.6049)
= $36.78
February 24, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-9.0187 + 0.0070 × 1,825 + 2 × 0.0164)
= Exp(3.8605)
= $47.49
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-9.0187 + 0.0070 × 1,825 – 2 × 0.0164)
= Exp(3.7950)
= $44.48
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,205.65% per annum.
- CNMD price at the close of February 24, 2026 was inside the secondary price channel.