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Bruker Corp (BRKR) Analysis & Forecast for 2024

Bruker Corp (NASDAQ: BRKR) is -11.62% lower on its value in year-to-date trading and has touched a low of $53.79 and a high of $94.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BRKR stock was last observed hovering at around $64.70 in the last trading session, with the day’s gains setting it 0.24%.

Currently trading at $64.94, the stock is -9.81% and -17.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing 0.37% at the moment leaves the stock -10.39% off its SMA200. BRKR registered -12.30% loss for a year compared to 6-month gain of -5.61%.

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The stock witnessed a -14.79% loss in the last 1 month and extending the period to 3 months gives it a -29.07%, and is 0.67% up 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 2.89% over the week and 3.41% over the month.

Bruker Corp (BRKR) has around 9707 employees, a market worth around $9.83B and $3.00B in sales. Current P/E ratio is 23.69 and Fwd P/E is 20.83. Profit margin for the company is 13.38%. Distance from 52-week low is 20.73% and -31.54% from its 52-week high. The company has generated returns on investments over the last 12 months (14.05%).

The EPS is expected to grow by 2.34% this year.

Bruker Corp (BRKR) Top Institutional Holders

The shares outstanding are 145.16M, and float is at 101.13M with Short Float at 4.06%.

Bruker Corp (BRKR) Insider Activity

The most recent transaction is an insider sale by Requardt Hermann Fritz,the company’sDirector. SEC filings show that Requardt Hermann Fritz sold 15,000 shares of the company’s common stock on Mar 04 ’24 at a price of $90.06 per share for a total of $1.35 million. Following the sale, the insider now owns 23147.0 shares.

Bruker Corp disclosed in a document filed with the SEC on Feb 28 ’24 that Busse Falko (PRESIDENT, BIOSPIN GROUP) sold a total of 28,122 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $85.48 per share for $2.4 million. Following the transaction, the insider now directly holds 32859.0 shares of the BRKR stock.

Still, SEC filings show that on Feb 22 ’24, Prause Burkhard (PRES. & CEO, BRUKER BEST) disposed off 15,319 shares at an average price of $83.30 for $1.28 million. The insider now directly holds 17,065 shares of Bruker Corp (BRKR).

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