Baxter International Inc (NYSE: BAX) is -15.88% lower on its value in year-to-date trading and has touched a low of $31.60 and a high of $44.01 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 BAX stock was last observed hovering at around $33.02 in the last trading session, with the day’s loss setting it -0.5%.
Currently trading at $32.52, the stock is -6.71% and -11.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.52 million and changing -1.51% at the moment leaves the stock -13.26% off its SMA200. BAX registered -8.29% loss for a year compared to 6-month gain of -5.60%. The firm has a 50-day simple moving average (SMA 50) of $36.728 and a 200-day simple moving average (SMA200) of $37.52255.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -11.07% loss in the last 1 month and extending the period to 3 months gives it a -10.12%, and is -3.87% 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 3.19% over the week and 2.39% over the month.
Baxter International Inc (BAX) has around 60000 employees, a market worth around $16.60B and $13.99B in sales. Current P/E ratio is 141.82 and Fwd P/E is 12.36. Profit margin for the company is 0.83%. Distance from 52-week low is 2.91% and -26.10% from its 52-week high. The company has generated returns on investments over the last 12 months (0.62%).
with sales reaching $2.67B over the same period.The EPS is expected to shrink by -18.82% this year, but quarterly earnings will post -28.74% year-over-year. Quarterly sales are estimated to shrink -31.21% in year-over-year returns.
Baxter International Inc (BAX) Top Institutional Holders
1233.0 institutions hold shares in Baxter International Inc (BAX), with institutional investors hold 94.81% of the company’s shares. The shares outstanding are 507.63M, and float is at 506.52M with Short Float at 2.26%. Institutions hold 94.45% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 63.03 million shares valued at $2.11 billion. The investor’s holdings represent 12.4084% of the BAX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 59.96 million shares valued at $2.01 billion to account for 11.8032 of the shares outstanding. The other top investors are PZENA INVESTMENT MANAGEMENT LLC which holds 30.82 million shares representing 6.0675% and valued at over $1.03 billion, while DODGE & COX holds 5.4179 of the shares totaling 27.52 million with a market value of $920.64 million.
Baxter International Inc (BAX) Insider Activity
#####
Still, SEC filings show that on Mar 01 ’24, Mason Jeanne K (EVP, Chief HR Officer) disposed off 64,488 shares at an average price of $40.61 for $2.62 million. The insider now directly holds 142,290 shares of Baxter International Inc (BAX).
