Saturday, April 10, 2021

Market cap of Boston Scientific Corporation [BSX] reaches 53.29B – now what?

Must read

Boston Scientific Corporation [NYSE: BSX] surged by $0.34 during the normal trading session on Wednesday and reaching a high of $38.01 during the day while it closed the day at $37.58. The company report on March 18, 2021 that Boston Scientific Receives FDA Approval for TheraSphere™ Y-90 Glass Microspheres.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Treatment is the only radioembolization treatment approved for U.S. patients with hepatocellular carcinoma.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Boston Scientific Corporation (NYSE: BSX) announced it has received U.S. Food and Drug Administration (FDA) approval of the TheraSphere™ Y-90 Glass Microspheres, developed for the treatment of patients with hepatocellular carcinoma (HCC). The approval expands access to this life-prolonging therapy for a greater number of patients, which, to date, has been utilized under a humanitarian device exemption (HDE) – an FDA classification which required institutional review board approval and limited the number of patients treated with the therapy per year. TheraSphere is now the only radioembolization technology indicated for the treatment of unresectable HCC in the U.S.

Boston Scientific Corporation stock has also loss -3.34% of its value over the past 7 days. However, BSX stock has inclined by 7.93% in the 3 months of the year. Over the past six months meanwhile, it has lost -2.64% and gained 4.53% year-on date.

The market cap for BSX stock reached $53.29 billion, with 1.43 billion shares outstanding and 1.40 billion shares in the current float. Compared to the average trading volume of 9.91M shares, BSX reached a trading volume of 7333781 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Boston Scientific Corporation [BSX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BSX shares is $43.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BSX stock is a recommendation set at 1.70. 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.

Truist have made an estimate for Boston Scientific Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 17, 2020. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on September 11, 2020, representing the official price target for Boston Scientific Corporation stock. Previously, the target price had yet another raise to $40, while SVB Leerink analysts kept a Mkt Perform rating on BSX stock. On April 01, 2020, analysts decreased their price target for BSX shares from 46 to 38.

The Average True Range (ATR) for Boston Scientific Corporation is set at 0.85, with the Price to Sales ratio for BSX stock in the period of the last 12 months amounting to 5.37. The Price to Book ratio for the last quarter was 3.50, with the Price to Cash per share for the same quarter was set at 1.22. Price to Free Cash Flow for BSX in the course of the last twelve months was 47.07 with Quick ratio for the last quarter at 1.50.

BSX stock trade performance evaluation

Boston Scientific Corporation [BSX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.34. With this latest performance, BSX shares dropped by -3.02% in over the last four-week period, additionally sinking by -2.64% over the last 6 months – not to mention a rise of 33.17% 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 BSX stock in for the last two-week period is set at 42.96, with the RSI for the last a single of trading hit 37.54, and the three-weeks RSI is set at 46.54 for Boston Scientific Corporation [BSX]. The present Moving Average for the last 50 days of trading for this stock 37.97, while it was recorded at 37.88 for the last single week of trading, and 37.31 for the last 200 days.

Boston Scientific Corporation [BSX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Boston Scientific Corporation [BSX] shares currently have an operating margin of +6.06 and a Gross Margin at +56.25. Boston Scientific Corporation’s Net Margin is presently recorded at -0.83.

Return on Total Capital for BSX is now 2.44, given the latest momentum, and Return on Invested Capital for the company is -0.34. Return on Equity for this stock declined to -0.56, with Return on Assets sitting at -0.27. When it comes to the capital structure of this company, Boston Scientific Corporation [BSX] has a Total Debt to Total Equity ratio set at 62.73. Additionally, BSX Total Debt to Total Capital is recorded at 38.55, with Total Debt to Total Assets ending up at 31.24. Long-Term Debt to Equity for the company is recorded at 62.18, with the Long-Term Debt to Total Capital now at 38.21.

Reflecting on the efficiency of the workforce at the company, Boston Scientific Corporation [BSX] managed to generate an average of -$2,158 per employee. Receivables Turnover for the company is 5.72 with a Total Asset Turnover recorded at a value of 0.32.Boston Scientific Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.80.

Earnings per share (EPS) analysis for Boston Scientific Corporation [BSX] stock

With the latest financial reports released by the company, Boston Scientific Corporation posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.31/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -9.70%. 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 BSX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Boston Scientific Corporation go to 6.55%.

Boston Scientific Corporation [BSX]: Insider Ownership positions

There are presently around $47,752 million, or 92.90% of BSX stock, in the hands of institutional investors. The top three institutional holders of BSX stocks are: BLACKROCK INC. with ownership of 133,511,038, which is approximately 3.614% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 110,781,158 shares of the stock with an approximate value of $4.16 billion in BSX stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $2.9 billion in BSX stock with ownership of nearly 31.849% of the company’s market capitalization.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Positions in Boston Scientific Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 454 institutional holders increased their position in Boston Scientific Corporation [NYSE:BSX] by around 156,899,855 shares. Additionally, 388 investors decreased positions by around 196,408,073 shares, while 108 investors held positions by with 917,377,442 shares. The mentioned changes placed institutional holdings at 1,270,685,370 shares, according to the latest SEC report filing. BSX stock had 120 new institutional investments in for a total of 16,940,180 shares, while 99 institutional investors sold positions of 28,438,661 shares during the same period.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.