Hologic, Inc. (HOLX) is expecting -3.35% growth in the next quarter: What can investors do to maximize their returns?

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Hologic, Inc. (NASDAQ: HOLX) on Tuesday, plunged -0.77% from the previous trading day, before settling in for the closing price of $74.10. Within the past 52 weeks, HOLX’s price has moved between $64.02 and $82.45.

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Healthcare Sector giant saw their annual sales surged by 7.03% over the last five years. The company achieved an average annual earnings per share of 2.70%. With a float of $230.35 million, this company’s outstanding shares have now reached $241.71 million.

The firm has a total of 6990 workers. Let’s measure their productivity.

Hologic, Inc. (HOLX) Insider Activity

Observing investor behavior towards Medical Instruments & Supplies industry stocks is more important than anything else. The insider ownership of Hologic, Inc. is 1.29%, while institutional ownership is 97.74%. The most recent insider transaction that took place on Mar 14 ’24, was worth 1,241,296. In this transaction Director of this company sold 16,441 shares at a rate of $75.50, taking the stock ownership to the 48,611 shares. Before that another transaction happened on Mar 08 ’24, when Company’s Director sold 9,039 for $76.40, making the entire transaction worth $690,607. This insider now owns 132,927 shares in total.

Hologic, Inc. (HOLX) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 2.70% per share during the next fiscal year.

Hologic, Inc. (NASDAQ: HOLX) Trading Performance Indicators

Hologic, Inc. (HOLX) is currently performing well based on its current performance indicators. A quick ratio of 3.29 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.33. Likewise, its price to free cash flow for the trailing twelve months is 18.08.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.94, a number that is poised to hit 1.02 in the next quarter and is forecasted to reach 4.44 in one year’s time.

Technical Analysis of Hologic, Inc. (HOLX)

Analysing the last 5-days average volume posted by the [Hologic, Inc., HOLX], we can find that recorded value of 1.8 million was better than the volume posted last year of 1.64 million. As of the previous 9 days, the stock’s Stochastic %D was 73.75%. Additionally, its Average True Range was 1.25.

During the past 100 days, Hologic, Inc.’s (HOLX) raw stochastic average was set at 32.32%, which indicates a significant decrease from 64.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.78% in the past 14 days, which was higher than the 15.59% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $74.37, while its 200-day Moving Average is $72.85. Now, the first resistance to watch is $74.18. This is followed by the second major resistance level at $74.84. The third major resistance level sits at $75.32. If the price goes on to break the first support level at $73.04, it is likely to go to the next support level at $72.56. Should the price break the second support level, the third support level stands at $71.90.

Hologic, Inc. (NASDAQ: HOLX) Key Stats

Market capitalization of the company is 17.16 billion based on 233,377K outstanding shares. Right now, sales total 4,030 M and income totals 456,000 K. The company made 1,018 M in profit during its latest quarter, and 169,900 K in sales during its previous quarter.