Thermo Fisher Scientific Inc. (NYSE: TMO) is 9.15% higher on its value in year-to-date trading and has touched a low of $415.60 and a high of $603.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TMO stock was last observed hovering at around $568.82 in the last trading session, with the day’s gains setting it 10.55%.
Currently trading at $579.37, the stock is -0.82% and 2.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing 1.85% at the moment leaves the stock 10.38% off its SMA200. TMO registered 3.15% gain for a year compared to 6-month gain of 15.51%. The firm has a 50-day simple moving average (SMA 50) of $5.78 and a 200-day simple moving average (SMA200) of $22.36.
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The stock witnessed a 2.33% loss in the last 1 month and extending the period to 3 months gives it a 9.38%, and is -0.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 1.59% over the month.
Thermo Fisher Scientific Inc. (TMO) has around 122000 employees, a market worth around $220.92B and $42.86B in sales. Current P/E ratio is 37.50 and Fwd P/E is 23.94. Profit margin for the company is 13.99%. Distance from 52-week low is 39.41% and -4.05% from its 52-week high. The company has generated returns on investments over the last 12 months (7.56%).
Thermo Fisher Scientific Inc. quarterly earnings per share for the current quarter are estimated at $4.73 with sales reaching $10.19B over the same period.The EPS is expected to shrink by -0.03% this year, but quarterly earnings will post -0.00% year-over-year. Quarterly sales are estimated to shrink -4.80% in year-over-year returns.
3,330 institutions hold shares in Thermo Fisher Scientific Inc. (TMO), with institutional investors hold 92.54% of the company’s shares. The shares outstanding are 386.65M, and float is at 380.59M with Short Float at 0.90%. Institutions hold 92.37% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 32.58 million shares valued at $17.0 billion. The investor’s holdings represent 8.44% of the TMO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 30.04 million shares valued at $15.68 billion to account for 7.78% of the shares outstanding. The other top investors are State Street Corporation which holds 16.12 million shares representing 4.18% and valued at over $8.41 billion, while Capital World Investors holds 3.34% of the shares totaling 12.88 million with a market value of $6.72 billion.
Thermo Fisher Scientific Inc. (TMO) Insider Activity
The most recent transaction is an insider sale by CASPER MARC N, the company’s Chairman & CEO. SEC filings show that CASPER MARC N sold 10,000 shares of the company’s common stock on Mar 13 ’24 at a price of $594.58 per share for a total of $5.95 million. Following the sale, the insider now owns 0.12 million shares.
Thermo Fisher Scientific Inc. disclosed in a document filed with the SEC on Mar 12 ’24 that Britt Lisa P. (Sr. VP and Chief HR Officer) sold a total of 14,345 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $598.90 per share for $8.59 million. Following the transaction, the insider now directly holds 17323.0 shares of the TMO stock.
Still, SEC filings show that on Mar 12 ’24, CASPER MARC N (Chairman & CEO) disposed off 10,000 shares at an average price of $597.98 for $5.98 million. The insider now directly holds 123,816 shares of Thermo Fisher Scientific Inc. (TMO).
