Thermo Fisher Scientific Inc (NYSE: TMO) is 4.73% higher on its value in year-to-date trading and has touched a low of $437.26 and a high of $627.88 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 $559.68 in the last trading session, with the day’s loss setting it -3.79%.
Currently trading at $555.89, the stock is -2.91% and -6.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing -0.68% at the moment leaves the stock -3.98% off its SMA200. TMO registered 21.05% gain for a year compared to 6-month gain of -3.81%. The firm has a 50-day simple moving average (SMA 50) of $596.3052 and a 200-day simple moving average (SMA200) of $578.8656.
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The stock witnessed a -7.24% loss in the last 1 month and extending the period to 3 months gives it a -6.76%, and is 1.75% 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 2.59% over the week and 1.87% over the month.
Thermo Fisher Scientific Inc (TMO) has around 122000 employees, a market worth around $212.63B and $42.37B in sales. Current P/E ratio is 34.86 and Fwd P/E is 23.59. Profit margin for the company is 14.48%. Distance from 52-week low is 27.13% and -11.47% from its 52-week high. The company has generated returns on investments over the last 12 months (7.65%).
The EPS is expected to grow by 0.68% this year
3421.0 institutions hold shares in Thermo Fisher Scientific Inc (TMO), with institutional investors hold 91.03% of the company’s shares. The shares outstanding are 386.65M, and float is at 381.90M with Short Float at 0.80%. Institutions hold 90.86% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 32.73 million shares valued at $18.1 billion. The investor’s holdings represent 8.5678 of the TMO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 29.53 million shares valued at $16.33 billion to account for 7.7302 of the shares outstanding. The other top investors are STATE STREET CORP which holds 16.19 million shares representing 4.2393 and valued at over $8.96 billion, while MORGAN STANLEY holds 3.1669 of the shares totaling 12.1 million with a market value of $6.69 billion.
Thermo Fisher Scientific Inc (TMO) Insider Activity
Still, SEC filings show that on Nov 01 ’24, CASPER MARC N (Chairman & CEO) disposed off 5,850 shares at an average price of $557.89 for $3.26 million. The insider now directly holds 121,192 shares of Thermo Fisher Scientific Inc (TMO).
