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Boston Scientific Corp. (NYSE: BSX) closed the day trading at $78.14 up 0.15% from the previous closing price of $78.02. In other words, the price has increased by $0.15 from its previous closing price. On the day, 4.24 million shares were traded. BSX stock price reached its highest trading level at $78.46 during the session, while it also had its lowest trading level at $77.64.
Ratios:
For a better understanding of BSX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 47.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 67.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.66. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.50.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on May 30, 2024, initiated with a Buy rating and assigned the stock a target price of $90.
On February 01, 2024, Mizuho Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $65 to $80.
On July 19, 2023, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $59.Robert W. Baird initiated its Outperform rating on July 19, 2023, with a $59 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 01 ’24 when Carruthers Wendy sold 6,983 shares for $77.30 per share. The transaction valued at 539,786 led to the insider holds 42,908 shares of the business.
Carruthers Wendy sold 6,983 shares of BSX for $526,029 on Jun 03 ’24. The EVP, Human Resources now owns 45,628 shares after completing the transaction at $75.33 per share. On May 29 ’24, another insider, Mirviss Jeffrey B., who serves as the EVP&Pres, Periph Intervent of the company, sold 63,802 shares for $75.10 each. As a result, the insider received 4,791,447 and left with 28,022 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BSX now has a Market Capitalization of 114879864832 and an Enterprise Value of 123793850368. As of this moment, Boston’s Price-to-Earnings (P/E) ratio for their current fiscal year is 65.29, and their Forward P/E ratio for the next fiscal year is 29.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.81 while its Price-to-Book (P/B) ratio in mrq is 5.76. Its current Enterprise Value per Revenue stands at 8.417 whereas that against EBITDA is 33.082.
Stock Price History:
The Beta on a monthly basis for BSX is 0.78, which has changed by 0.4929309 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, BSX has reached a high of $78.98, while it has fallen to a 52-week low of $48.35. The 50-Day Moving Average of the stock is 3.22%, while the 200-Day Moving Average is calculated to be 21.88%.
Shares Statistics:
Over the past 3-months, BSX traded about 5.92M shares per day on average, while over the past 10 days, BSX traded about 4290840 shares per day. A total of 1.47B shares are outstanding, with a floating share count of 1.46B. Insiders hold about 0.45% of the company’s shares, while institutions hold 91.53% stake in the company. Shares short for BSX as of 1719532800 were 11251869 with a Short Ratio of 1.90, compared to 1717113600 on 13382721. Therefore, it implies a Short% of Shares Outstanding of 11251869 and a Short% of Float of 0.77.
