Stocks of Boston Scientific Corp. (NYSE:BSX) traded higher last session on Wall Street, up 0.13% to $74.65.
BSX stock price is now 7.29% away from the 50-day moving average and 25.62% away from the 200-day moving average. The market capitalization of the company currently stands at $109.75B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $65 to $80, Mizuho Upgraded its rating from Neutral to Buy for Boston Scientific Corp. (NYSE: BSX). On July 19, 2023, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $59, while ‘CL King’ rates the stock as ‘Buy’
In other news, Thepaut Eric Francis Yves, EVP & Pres, Eur, Mid-East, Afr sold 12,931 shares of the company’s stock on May 10 ’24. The stock was sold for $958,717 at an average price of $74.14. Upon completion of the transaction, the EVP & Pres, Eur, Mid-East, Afr now directly owns 31,422 shares in the company, valued at $2.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, Director Dockendorff Charles J sold 3,946 shares of the business’s stock. A total of $286,874 was realized by selling the stock at an average price of $72.70. A total of 0.45% of the company’s stock is owned by insiders.
During the past 12 months, Boston Scientific Corp. has had a low of $48.35 and a high of $74.76. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.66, and a quick ratio of 1.14.
The net profit margin was 12.00% and return on equity was 9.38% for BSX. The company reported revenue of $3.86 billion for the quarter, compared to $3.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.78 percent.
