Baxter International Inc (NYSE: BAX) is -1.78% lower on its value in year-to-date trading and has touched a low of $28.33 and a high of $42.86 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 $28.79 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $28.64, the stock is -14.19% and -13.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.98 million and changing -0.52% at the moment leaves the stock -16.52% off its SMA200. BAX registered -32.82% loss for a year compared to 6-month gain of -18.36%. The firm has a 50-day simple moving average (SMA 50) of $33.195 and a 200-day simple moving average (SMA200) of $34.30655.
The stock witnessed a -21.68% loss in the last 1 month and extending the period to 3 months gives it a -2.92%, and is -16.33% 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 5.37% over the week and 3.11% over the month.
Baxter International Inc (BAX) has around 38000 employees, a market worth around $14.69B and $12.86B in sales. Fwd P/E is 10.49. Profit margin for the company is -5.05%. Distance from 52-week low is 1.08% and -33.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.69%).
with sales reaching $2.59B over the same period.The EPS is expected to grow by 31.72% this year, but quarterly earnings will post 5.33% year-over-year. Quarterly sales are estimated to shrink -27.97% in year-over-year returns.
Baxter International Inc (BAX) Top Institutional Holders
1149.0 institutions hold shares in Baxter International Inc (BAX), with institutional investors hold 97.71% of the company’s shares. The shares outstanding are 510.93M, and float is at 508.69M with Short Float at 3.60%. Institutions hold 97.39% 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 12.3598% 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 6.0437% and valued at over $1.03 billion, while DODGE & COX holds 5.3966 of the shares totaling 27.52 million with a market value of $920.64 million.
Baxter International Inc (BAX) Insider Activity
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