On November 20, 2023, Boston Scientific Corp. (NYSE: BSX) opened at $54.06, higher 0.22% from the last session. During the day, the shares moved up to $54.58 and dropped to $54.05 before settling in for the closing price of $54.34. Price fluctuations for BSX have ranged from $42.49 to $55.38 over the past 52 weeks.
Annual sales at Healthcare sector company grew by 7.36% over the past five years. Company’s average yearly earnings per share was noted 17.48% at the time writing. With a float of $1.46 billion, this company’s outstanding shares have now reached $1.46 billion.
Let’s look at the performance matrix of the company that is accounted for 45000 employees. In terms of profitability, gross margin is +60.83, operating margin of +14.38, and the pretax margin is +9.00.
Boston Scientific Corp. (BSX) Insider Updates
A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Boston Scientific Corp. is 0.43%, while institutional ownership is 94.43%. The most recent insider transaction that took place on Nov 15, was worth 632,269. In this transaction EVP, Human Resources of this company sold 11,671 shares at a rate of $54.17, taking the stock ownership to the 46,532 shares. Before that another transaction happened on Nov 06, when Company’s Chairman, President & CEO sold 113,356 for $52.51, making the entire transaction worth $5,951,983. This insider now owns 1,498,922 shares in total.
Boston Scientific Corp. (BSX) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.5 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.48) by $0.02. This company achieved a net margin of +5.50 while generating a return on equity of 4.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.40% during the next five years compared to 42.95% growth over the previous five years of trading.
Boston Scientific Corp. (NYSE: BSX) Trading Performance Indicators
Check out the current performance indicators for Boston Scientific Corp. (BSX). In the past quarter, the stock posted a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.80. Likewise, its price to free cash flow for the trailing twelve months is 47.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.82, a number that is poised to hit 0.51 in the next quarter and is forecasted to reach 2.24 in one year’s time.
Technical Analysis of Boston Scientific Corp. (BSX)
Boston Scientific Corp. (NYSE: BSX) saw its 5-day average volume 6.52 million, a negative change from its year-to-date volume of 8.15 million. As of the previous 9 days, the stock’s Stochastic %D was 88.22%. Additionally, its Average True Range was 1.11.
During the past 100 days, Boston Scientific Corp.’s (BSX) raw stochastic average was set at 86.91%, which indicates a significant increase from 86.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.69% in the past 14 days, which was lower than the 22.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.11, while its 200-day Moving Average is $51.30. Nevertheless, the first resistance level for the watch stands at $54.68 in the near term. At $54.89, the stock is likely to face the second major resistance level. The third major resistance level sits at $55.21. If the price goes on to break the first support level at $54.15, it is likely to go to the next support level at $53.83. Assuming the price breaks the second support level, the third support level stands at $53.62.
Boston Scientific Corp. (NYSE: BSX) Key Stats
There are currently 1,464,983K shares outstanding in the company with a market cap of 79.78 billion. Presently, the company’s annual sales total 12,682 M according to its annual income of 698,000 K. Last quarter, the company’s sales amounted to 3,527 M and its income totaled 504,000 K.