Baxter International Inc. [NYSE: BAX] slipped around -0.28 points on Tuesday, while shares priced at $34.21 at the close of the session, down -0.81%. The company report on November 6, 2023 at 8:30 AM that Baxter Highlights New Data at Kidney Week Indicating Sharesource Is Associated With a 77% Lower Risk of Home Dialysis Technique Failure.
Additional key data presented at the congress indicates how HDx therapy enabled by Theranova dialyzer is helping advance “green” nephrology.
In total, Baxter supported 17 clinical presentations to advance scientific exchange at ASN: Kidney Week 2023.
Baxter International Inc. stock is now -32.88% down from its year-to-date (YTD) trading value. BAX Stock saw the intraday high of $34.58 and lowest of $34.155 per share. The company’s 52-week high price is 56.92, which means current price is +10.32% above from all time high which was touched on 01/05/23.
Compared to the average trading volume of 4.78M shares, BAX reached a trading volume of 4744215 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Baxter International Inc. [BAX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BAX shares is $42.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BAX stock is a recommendation set at 2.31. 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.
Morgan Stanley have made an estimate for Baxter International Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on May 30, 2023.
The Average True Range (ATR) for Baxter International Inc. is set at 0.96, with the Price to Sales ratio for BAX stock in the period of the last 12 months amounting to 1.16. The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 11.42. Price to Free Cash Flow for BAX in the course of the last twelve months was 18.62 with Quick ratio for the last quarter at 1.48.
How has BAX stock performed recently?
Baxter International Inc. [BAX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.49. With this latest performance, BAX shares dropped by -6.25% in over the last four-week period, additionally sinking by -20.59% over the last 6 months – not to mention a drop of -32.36% 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 BAX stock in for the last two-week period is set at 50.16, with the RSI for the last a single of trading hit 58.69, and the three-weeks RSI is set at 44.81 for Baxter International Inc. [BAX]. The present Moving Average for the last 50 days of trading for this stock 36.16, while it was recorded at 33.94 for the last single week of trading, and 41.36 for the last 200 days.
Baxter International Inc. [BAX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Baxter International Inc. [BAX] shares currently have an operating margin of +8.63 and a Gross Margin at +34.61. Baxter International Inc.’s Net Margin is presently recorded at -16.10.
Return on Total Capital for BAX is now 5.16, given the latest momentum, and Return on Invested Capital for the company is -10.08. Return on Equity for this stock declined to -32.64, with Return on Assets sitting at -7.87. When it comes to the capital structure of this company, Baxter International Inc. [BAX] has a Total Debt to Total Equity ratio set at 295.10. Additionally, BAX Total Debt to Total Capital is recorded at 74.69, with Total Debt to Total Assets ending up at 60.85. Long-Term Debt to Equity for the company is recorded at 268.95, with the Long-Term Debt to Total Capital now at 68.07.
Reflecting on the efficiency of the workforce at the company, Baxter International Inc. [BAX] managed to generate an average of -$40,550 per employee. Receivables Turnover for the company is 5.53 with a Total Asset Turnover recorded at a value of 0.49.Baxter International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.48 and a Current Ratio set at 1.94.
Earnings analysis for Baxter International Inc. [BAX]
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 BAX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Baxter International Inc. go to 4.63%.
Insider trade positions for Baxter International Inc. [BAX]
The top three institutional holders of BAX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in BAX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in BAX stock with ownership which is approximately 5.7994%.
