On Friday, Boston Scientific Corp (NYSE: BSX) opened lower -1.64% from the last session, before settling in for the closing price of $91.50. Price fluctuations for BSX have ranged from $53.93 to $91.72 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 8.10%. Company’s average yearly earnings per share was noted 20.03% at the time writing. With a float of $1.47 billion, this company’s outstanding shares have now reached $1.47 billion.
Considering the fact that the conglomerate employs 48000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 65.73%, operating margin of 17.33%, and the pretax margin is 13.84%.
Boston Scientific Corp (BSX) Insider Activity
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 0.42%, while institutional ownership is 91.32%. The most recent insider transaction that took place on Nov 21 ’24, was worth 446,902. In this transaction Director of this company sold 4,877 shares at a rate of $91.63, taking the stock ownership to the 39,398 shares. Before that another transaction happened on Nov 21 ’24, when Company’s Director proposed sale 4,877 for $91.63, making the entire transaction worth $446,902.
Boston Scientific Corp (BSX) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.55 earnings per share (EPS) for the quarter, besting the agreed prediction (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 20.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.20% 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
Check out the current performance indicators for Boston Scientific Corp (BSX). In the past quarter, the stock posted a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.20. Likewise, its price to free cash flow for the trailing twelve months is 60.51.
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)
Compared to the last year’s volume of 6.08 million, its volume of 5.83 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 81.87%. Additionally, its Average True Range was 1.81.
During the past 100 days, Boston Scientific Corp’s (BSX) raw stochastic average was set at 90.37%, which indicates a significant increase from 75.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.89% in the past 14 days, which was higher than the 17.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $85.99, while its 200-day Moving Average is $76.56. Nevertheless, the first resistance level for the watch stands at $91.61 in the near term. At $93.23, the stock is likely to face the second major resistance level. The third major resistance level sits at $94.52. If the price goes on to break the first support level at $88.70, it is likely to go to the next support level at $87.41. Should the price break the second support level, the third support level stands at $85.79.
Boston Scientific Corp (NYSE: BSX) Key Stats
There are currently 1,473,827K shares outstanding in the company with a market cap of 130.47 billion. Presently, the company’s annual sales total 14,240 M according to its annual income of 1,591 M. Last quarter, the company’s sales amounted to 4,209 M and its income totaled 468,000 K.
