Thermo Fisher Scientific Inc. (NYSE: TMO) is 15.55% higher on its value in year-to-date trading and has touched a low of $415.60 and a high of $615.74 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 $615.06 in the last trading session, with the day’s loss setting it -1.72%.
Currently trading at $613.34, the stock is 10.22% and 8.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing -0.28% at the moment leaves the stock 13.05% off its SMA200. TMO registered 11.79% gain for a year compared to 6-month loss of 8.15%.
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The stock witnessed a 13.22% gain in the last 1 month and extending the period to 3 months gives it a 7.85%, and is 6.72% 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 2.84% over the week and 2.25% over the month.
Thermo Fisher Scientific Inc. (TMO) has around 122000 employees, a market worth around $234.12B and $42.35B in sales. Current P/E ratio is 38.05 and Fwd P/E is 25.42. Profit margin for the company is 14.69%. Distance from 52-week low is 47.58% and -0.39% from its 52-week high. The company has generated returns on investments over the last 12 months (8.01%).
Thermo Fisher Scientific Inc. quarterly earnings per share for the current quarter are estimated at $5.26 with sales reaching $10.64B over the same period.The EPS is expected to grow by 0.87% this year, but quarterly earnings will post 0.20% year-over-year. Quarterly sales are estimated to grow 0.60% in year-over-year returns.
The shares outstanding are 386.65M, and float is at 381.07M with Short Float at 0.80%.
Thermo Fisher Scientific Inc. (TMO) Insider Activity
Still, SEC filings show that on Jul 30 ’24, CASPER MARC N (Chairman & CEO) disposed off 10,000 shares at an average price of $608.66 for $6.09 million. The insider now directly holds 123,816 shares of Thermo Fisher Scientific Inc. (TMO).
