Baxter International Inc. [BAX] Is Currently 2.77 below its 200 Period Moving Avg: What Does This Mean?

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Baxter International Inc. [NYSE: BAX] traded at a high on Wednesday, posting a 2.77 gain after which it closed the day’ session at $42.69. The company report on March 27, 2024 at 9:00 AM that Baxter to Host Annual Meeting of Stockholders in Virtual Format.

Baxter International Inc. (NYSE:BAX), a global medtech leader, will host its Annual Meeting of Stockholders (the 2024 Annual Meeting) in a virtual format on Tuesday, May 7, 2024 at 9 a.m., Central Time, as disclosed in Baxter’s proxy statement for the 2024 Annual Meeting. Online access to the 2024 Annual Meeting will begin at 8:45 a.m., Central Time. Stockholders will not be able to attend the 2024 Annual Meeting in person. The virtual format provides a convenient and cost-effective experience to all stockholders and employees regardless of location.

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As always, whether or not a stockholder plans to attend the virtual 2024 Annual Meeting, all stockholders of record are encouraged to vote their shares prior to the 2024 Annual Meeting by one of the methods described in the proxy materials for the 2024 Annual Meeting.

The results of the trading session contributed to over 4044180 shares changing hands. Over the past one week, the price volatility of Baxter International Inc. stands at 1.92% while the volatility over the past one month is 2.00%.

The market cap for BAX stock reached $21.69 billion, with 507.63 million shares outstanding and 504.32 million shares in the current float. Compared to the average trading volume of 3.77M shares, BAX reached a trading volume of 4044180 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 $44.67 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 2.47. 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. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on March 29, 2023, representing the official price target for Baxter International Inc. stock. Previously, the target price had yet another raise to $55, while Morgan Stanley analysts kept a Equal-Weight rating on BAX stock.

The Average True Range (ATR) for Baxter International Inc. is set at 0.88, with the Price to Sales ratio for BAX stock in the period of the last 12 months amounting to 1.45. The Price to Book ratio for the last quarter was 2.58, with the Price to Cash per share for the same quarter was set at 6.30. Price to Free Cash Flow for BAX in the course of the last twelve months was 20.97 with Quick ratio for the last quarter at 1.04.

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 2.06. With this latest performance, BAX shares gained by 2.01% in over the last four-week period, additionally plugging by 14.39% over the last 6 months – not to mention a rise of 6.54% 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 58.42, with the RSI for the last a single of trading hit 60.31, and the three-weeks RSI is set at 58.08 for Baxter International Inc. [BAX]. The present Moving Average for the last 50 days of trading for this stock 40.84, while it was recorded at 41.99 for the last single week of trading, and 39.87 for the last 200 days.

Baxter International Inc. [BAX]: Deeper insight into the fundamentals

Baxter International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.04 and a Current Ratio set at 1.48.

Earnings analysis for Baxter International Inc. [BAX]

With the latest financial reports released by the company, Baxter International Inc. posted 0.49/share EPS, while the average EPS was predicted by analysts to be reported at 0.49/share. 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 4.07%.

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 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BAX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BAX stock with ownership which is approximately 5.8325%.

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