Hologic Inc. [NASDAQ: HOLX] stock went on an upward path that rose over 0.17% on Friday, amounting to a one-week price decrease of less than -1.11%. Over the last 12 months, HOLX stock rose by 13.17%. The one-year Hologic Inc. stock forecast points to a potential upside of 8.73. The average equity rating for HOLX stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $13.51 billion, with 263.24 million shares outstanding and 257.35 million shares in the current float. Compared to the average trading volume of 3.22M shares, HOLX stock reached a trading volume of 3510168 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Hologic Inc. [HOLX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HOLX shares is $57.42 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HOLX stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Hologic Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 03, 2020. The new note on the price target was released on April 30, 2020, representing the official price target for Hologic Inc. stock. Previously, the target price had yet another raise from $52 to $60, while Needham kept a Buy rating on HOLX stock.
The Average True Range (ATR) for Hologic Inc. is set at 1.74, with the Price to Sales ratio for HOLX stock in the period of the last 12 months amounting to 4.06. The Price to Book ratio for the last quarter was 6.62, with the Price to Cash per share for the same quarter was set at 3.10. Price to Free Cash Flow for HOLX in the course of the last twelve months was 23.12 with Quick ratio for the last quarter at 1.00.
HOLX Stock Performance Analysis:
Hologic Inc. [HOLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.11. With this latest performance, HOLX shares gained by 0.77% in over the last four-week period, additionally plugging by 0.52% over the last 6 months – not to mention a rise of 13.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HOLX stock in for the last two-week period is set at 59.70, with the RSI for the last a single of trading hit 53.05, and the three-weeks RSI is set at 58.15 for Hologic Inc. [HOLX]. The present Moving Average for the last 50 days of trading for this stock 46.42, while it was recorded at 52.87 for the last single week of trading, and 48.53 for the last 200 days.
Insight into Hologic Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Hologic Inc. [HOLX] shares currently have an operating margin of +16.87 and a Gross Margin at +50.41. Hologic Inc.’s Net Margin is presently recorded at -6.05.
Return on Total Capital for HOLX is now 10.31, given the latest momentum, and Return on Invested Capital for the company is -4.01. Return on Equity for this stock declined to -8.96, with Return on Assets sitting at -2.98. When it comes to the capital structure of this company, Hologic Inc. [HOLX] has a Total Debt to Total Equity ratio set at 147.06. Additionally, HOLX Total Debt to Total Capital is recorded at 59.52, with Total Debt to Total Assets ending up at 48.30. Long-Term Debt to Equity for the company is recorded at 134.07, with the Long-Term Debt to Total Capital now at 54.27.
Reflecting on the efficiency of the workforce at the company, Hologic Inc. [HOLX] managed to generate an average of -$31,429 per employee. Receivables Turnover for the company is 5.48 with a Total Asset Turnover recorded at a value of 0.49.Hologic Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.30.
HOLX Stock EPS
With the latest financial reports released by the company, Hologic Inc. posted 0.63/share EPS, while the average EPS was predicted by analysts to be reported at 0.61/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HOLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hologic Inc. go to 6.58%.
Hologic Inc. [HOLX] Insider Position Details
There are presently around $12,750 million, or 96.90% of HOLX stock, in the hands of institutional investors. The top three institutional holders of HOLX stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 43,896,857, which is approximately -0.446% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 30,661,611 shares of the stock with an approximate value of $1.61 billion in HOLX stocks shares; and BLACKROCK INC., currently with $1.11 billion in HOLX stock with ownership of nearly -3.571% of the company’s market capitalization.
Positions in Hologic Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 230 institutional holders increased their position in Hologic Inc. [NASDAQ:HOLX] by around 21,717,203 shares. Additionally, 282 investors decreased positions by around 30,284,625 shares, while 76 investors held positions by with 191,266,051 shares. The mentioned changes placed institutional holdings at 243,267,879 shares, according to the latest SEC report filing. HOLX stock had 60 new institutional investments in for a total of 4,769,414 shares, while 94 institutional investors sold positions of 2,258,837 shares during the same period.