The stock of Boston Scientific Corp (NYSE:BSX) last traded at $90.33, down -0.13% from the previous session.
BSX stock price is now 5.57% away from the 50-day moving average and 18.59% away from the 200-day moving average. The market capitalization of the company currently stands at $133.13B.
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On May 30, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $90, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Sorenson John Bradley, EVP, Global Operations sold 30,580 shares of the company’s stock on Nov 08 ’24. The stock was sold for $2,680,572 at an average price of $87.66. Upon completion of the transaction, the EVP, Global Operations now directly owns 39,706 shares in the company, valued at $3.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, Officer JOHN B SORENSON bought 30,580 shares of the business’s stock. A total of $2,680,569 was incurred on buying the stock at an average price of $87.66. 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 $53.93 and a high of $91.08. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 1.48, and a quick ratio of 1.02. According to the stock market information, the enterprise value for the company is $142311702528, which is based on a 74.71 price-to-earnings ratio, a 5.26 price-to-earnings-growth ratio, and a beta of 0.80. The fifty day moving average price for BSX is $85.4156 and a two-hundred day moving average price translates $76.0432 for the stock.
The latest earnings results from Boston Scientific Corp (NYSE: BSX) was released for 2024-09-30. The net profit margin was 11.26% and return on equity was 9.05% for BSX. The company reported revenue of $4.21 billion for the quarter, compared to $3.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.34 percent.
