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Saturday, June 3, 2023

Value Investing Philosophy And Boston Scientific Corporation (NYSE: BSX)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Boston Scientific Corporation (BSX) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $53.68. The Boston Scientific Corporation has recorded 1,334,300 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Boston Scientific to Participate in Bernstein’s 39th Annual Strategic Decisions Conference.

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Stocks Info

BSX belongs to the Healthcare sector of the NYSE while operating in the Medical Devices industry. At the end of the last regular session, the stock closed at $53.68 and fluctuated between $53.99 as its day high and $53.37 as its day low. The current market capitalization of Boston Scientific Corporation is $77.25B. A total of 11.01 million shares were traded on the day, compared to an average of 8.94M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BSX has seen 50 BUY and 54 SELL insider trades, representing the acquisition of 218,349 and the disposition of 234,526 shares. Over the last 12 months, there were 86 BUYs and 108 SELLs from insiders. Insiders purchased 1,016,815 shares during that period but sold 1,498,256.

In the most recent transaction, Thepaut Eric Francis Yves sold 83,401 shares of BSX for 52.49 per share on May 02. After the transaction, the EVP & Pres, Eur, Mid-East, Afr now owns 12,269 company shares. In a previous transaction on Apr 17, Carruthers Wendy sold 11,671 shares at 51.96 per share. BSX shares that EVP, Human Resources owns now total 83,373.

Among the insiders who sold shares, Mirviss Jeffrey B. disposed of 4,903 shares on Apr 05 at a per-share price of $50.40. This resulted in the EVP&Pres, Periph Intervent holding 78,673 shares of BSX after the transaction. In another insider transaction, Monson Jonathan sold 5,000 shares at $50.00 per share on Mar 31. Company shares held by the SVP, Global Controller and CAO now total 34,868.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BSX in the last 3 months, the mean price target is $58.26 with high estimates of $63.00 and low estimates of $55.00. In terms of 52-week highs and lows, BSX has a high of $53.67 and a low of $34.98.

As of this writing, BSX has an earnings estimate of $0.49 per share for the current quarter. EPS was calculated based on a consensus of 25 estimates, with a high estimate of $0.5 per share and a lower estimate of $0.48. The company reported an EPS of $0.49 in the last quarter, which was 4.30% higher than expectations of $0.47.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BSX’s latest balance sheet shows that the firm has $1.93B in Cash & Short Term Investments as of fiscal 2021. There were $9.45B in debt and $4.27B in liabilities at the time. Its Book Value Per Share was $12.43, while its Total Shareholder’s Equity was $16.62B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BSX is Buy with a score of 4.47.

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