Boston Scientific Corp (NYSE: BSX) is 12.73% higher on its value in year-to-date trading and has touched a low of $66.80 and a high of $107.17 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 BSX stock was last observed hovering at around $101.51 in the last trading session, with the day’s loss setting it -0.82%.
Currently trading at $100.69, the stock is 0.49% and -0.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.62 million and changing -0.81% at the moment leaves the stock 15.11% off its SMA200. BSX registered 48.53% gain for a year compared to 6-month gain of 21.95%. The firm has a 50-day simple moving average (SMA 50) of $101.3848 and a 200-day simple moving average (SMA200) of $87.47465.
The stock witnessed a -4.43% loss in the last 1 month and extending the period to 3 months gives it a 11.35%, and is 3.63% 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 2.14% over the week and 2.72% over the month.
Boston Scientific Corp (BSX) has around 53000 employees, a market worth around $148.93B and $16.75B in sales. Current P/E ratio is 80.71 and Fwd P/E is 30.86. Profit margin for the company is 11.07%. Distance from 52-week low is 50.73% and -6.05% from its 52-week high. The company has generated returns on investments over the last 12 months (5.95%).
The EPS is expected to grow by 13.94% this year.
Boston Scientific Corp (BSX) Top Institutional Holders
2136.0 institutions hold shares in Boston Scientific Corp (BSX), with institutional investors hold 93.33% of the company’s shares. The shares outstanding are 1.47B, and float is at 1.47B with Short Float at 0.87%. Institutions hold 93.16% of the Float.
The top institutional shareholder in the company is FMR LLC with over 141.46 million shares valued at $10.89 billion. The investor’s holdings represent 9.6192% of the BSX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 129.87 million shares valued at $10.0 billion to account for 8.8444 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 126.42 million shares representing 8.6093% and valued at over $9.74 billion, while STATE STREET CORP holds 4.1791 of the shares totaling 61.46 million with a market value of $4.73 billion.
Boston Scientific Corp (BSX) Insider Activity
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Boston Scientific Corp disclosed in a document filed with the SEC on Mar 03 ’25 that Woodworth Emily (SVP, Global Controller and CAO) sold a total of 7,149 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $104.97 per share for $0.75 million. Following the transaction, the insider now directly holds 914.0 shares of the BSX stock.
Still, SEC filings show that on Mar 04 ’25, Woodworth Emily (SVP, Global Controller and CAO) disposed off 482 shares at an average price of $104.63 for $50432.0. The insider now directly holds 432 shares of Boston Scientific Corp (BSX).
