Boston Scientific Corp. (NYSE: BSX) kicked off on Friday, down -0.43% from the previous trading day, before settling in for the closing price of $85.10. Over the past 52 weeks, BSX has traded in a range of $49.15-$88.79.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 8.10%. While this was happening, its average annual earnings per share was recorded 20.06%. 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 67.3%, operating margin of 17.23%, and the pretax margin is 13.84%.
Boston Scientific Corp. (BSX) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Boston Scientific Corp. is 0.43%, while institutional ownership is 91.72%. 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 the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.55 earnings per share (EPS), higher than consensus estimate (set at 0.51) by 0.04. 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 20.06% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.20% 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
Take a look at Boston Scientific Corp.’s (BSX) current performance indicators. Last quarter, 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 7.84. Likewise, its price to free cash flow for the trailing twelve months is 67.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.21, a number that is poised to hit 0.65 in the next quarter and is forecasted to reach 2.79 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 9.64 million, which is a jump from its year-to-date volume of 6.05 million. As of the previous 9 days, the stock’s Stochastic %D was 45.11%. Additionally, its Average True Range was 1.78.
During the past 100 days, Boston Scientific Corp.’s (BSX) raw stochastic average was set at 75.99%, which indicates a significant increase from 26.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.20% in the past 14 days, which was higher than the 16.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $83.40, while its 200-day Moving Average is $74.03. However, in the short run, Boston Scientific Corp.’s stock first resistance to watch stands at $85.67. Second resistance stands at $86.61. The third major resistance level sits at $87.65. If the price goes on to break the first support level at $83.69, it is likely to go to the next support level at $82.65. Should the price break the second support level, the third support level stands at $81.71.
Boston Scientific Corp. (NYSE: BSX) Key Stats
The company with the Market Capitalisation of 124.78 billion has total of 1,467,096K Shares Outstanding. Its annual sales at the moment are 14,240 M in contrast with the sum of 1,591 M annual income. Company’s last quarter sales were recorded 4,209 M and last quarter income was 468,000 K.
