Thermo Fisher Scientific Inc (NYSE: TMO) is -0.68% lower on its value in year-to-date trading and has touched a low of $493.30 and a high of $627.88 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 TMO stock was last observed hovering at around $528.98 in the last trading session, with the day’s loss setting it -1.8%.
Currently trading at $527.18, the stock is -0.08% and -2.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing -0.34% at the moment leaves the stock -7.98% off its SMA200. TMO registered -0.48% loss for a year compared to 6-month loss of -4.28%. The firm has a 50-day simple moving average (SMA 50) of $541.632 and a 200-day simple moving average (SMA200) of $573.22156.
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The stock witnessed a 2.52% gain in the last 1 month and extending the period to 3 months gives it a -14.88%, and is 2.13% 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 1.63% over the week and 1.83% over the month.
Thermo Fisher Scientific Inc (TMO) has around 122000 employees, a market worth around $201.65B and $42.37B in sales. Current P/E ratio is 33.06 and Fwd P/E is 22.55. Profit margin for the company is 14.48%. Distance from 52-week low is 6.87% and -16.04% 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 0.70% this year
3439.0 institutions hold shares in Thermo Fisher Scientific Inc (TMO), with institutional investors hold 90.98% of the company’s shares. The shares outstanding are 382.50M, and float is at 381.99M with Short Float at 1.04%. Institutions hold 90.82% 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
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 Dec 03 ’24 at a price of $532.20 per share for a total of $5.32 million. Following the sale, the insider now owns 0.1 million shares.
Thermo Fisher Scientific Inc disclosed in a document filed with the SEC on Dec 02 ’24 that CASPER MARC N (Chairman & CEO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $530.26 per share for $5.3 million. Following the transaction, the insider now directly holds 0.11 million shares of the TMO stock.
Still, SEC filings show that on Dec 03 ’24, CASPER MARC N (Officer) Proposed Sale 10,000 shares at an average price of $532.19 for $5.32 million. The insider now directly holds shares of Thermo Fisher Scientific Inc (TMO).
