A new trading day began on Tuesday, with Boston Scientific Corp. (NYSE: BSX) stock price down -0.05% from the previous day of trading, before settling in for the closing price of $88.05. BSX’s price has ranged from $49.15 to $88.79 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Healthcare Sector giant was 8.10%. Meanwhile, its annual earnings per share averaged 17.49%. With a float of $1.47 billion, this company’s outstanding shares have now reached $1.47 billion.
Let’s determine the extent of company efficiency that accounts for 48000 employees. In terms of profitability, gross margin is 67.15%, operating margin of 17.84%, and the pretax margin is 14.07%.
Boston Scientific Corp. (BSX) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Boston Scientific Corp. is 0.43%, while institutional ownership is 91.65%. The most recent insider transaction that took place on Oct 07 ’24, was worth 13,775,792. In this transaction Chairman, President & CEO of this company sold 162,777 shares at a rate of $84.63, taking the stock ownership to the 1,572,096 shares. Before that another transaction happened on Oct 07 ’24, when Company’s EVP & Group Pres, Cardiology sold 132,527 for $85.00, making the entire transaction worth $11,264,888. This insider now owns 160,467 shares in total.
Boston Scientific Corp. (BSX) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.5 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.64 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.49% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.00% during the next five years compared to -2.05% drop over the previous five years of trading.
Boston Scientific Corp. (NYSE: BSX) Trading Performance Indicators
Here are Boston Scientific Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.51. Likewise, its price to free cash flow for the trailing twelve months is 70.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.24, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.73 in one year’s time.
Technical Analysis of Boston Scientific Corp. (BSX)
Looking closely at Boston Scientific Corp. (NYSE: BSX), its last 5-days average volume was 5.3 million, which is a drop from its year-to-date volume of 5.95 million. As of the previous 9 days, the stock’s Stochastic %D was 81.87%. Additionally, its Average True Range was 1.38.
During the past 100 days, Boston Scientific Corp.’s (BSX) raw stochastic average was set at 95.39%, which indicates a significant increase from 86.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.68% in the past 14 days, which was lower than the 15.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $82.85, while its 200-day Moving Average is $73.63. However, in the short run, Boston Scientific Corp.’s stock first resistance to watch stands at $88.59. Second resistance stands at $89.16. The third major resistance level sits at $89.90. If the price goes on to break the first support level at $87.28, it is likely to go to the next support level at $86.54. Should the price break the second support level, the third support level stands at $85.97.
Boston Scientific Corp. (NYSE: BSX) Key Stats
With a market capitalization of 129.61 billion, the company has a total of 1,467,096K Shares Outstanding. Currently, annual sales are 14,240 M while annual income is 1,591 M. The company’s previous quarter sales were 4,120 M while its latest quarter income was 324,000 K.
