Thermo Fisher Scientific Inc. (NYSE: TMO) is 2.02% 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 $547.25 in the last trading session, with the day’s loss setting it -5.73%.
Currently trading at $541.52, the stock is -5.55% and -5.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing -1.05% at the moment leaves the stock 2.45% off its SMA200. TMO registered -7.41% loss for a year compared to 6-month gain of 11.71%.
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The stock witnessed a -7.07% loss in the last 1 month and extending the period to 3 months gives it a -0.53%, and is -5.75% 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 2.16% over the week and 1.70% over the month.
Thermo Fisher Scientific Inc. (TMO) has around 122000 employees, a market worth around $206.70B and $42.86B in sales. Current P/E ratio is 35.05 and Fwd P/E is 22.43. Profit margin for the company is 13.99%. Distance from 52-week low is 30.30% and -10.32% from its 52-week high. The company has generated returns on investments over the last 12 months (7.56%).
The EPS is expected to shrink by -0.10% this year
The shares outstanding are 386.65M, and float is at 380.99M with Short Float at 0.68%.
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).
