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Tuesday, June 6, 2023

This Is Too Hot For Hologic Inc. (NASDAQ: HOLX), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Hologic Inc. (HOLX) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $81.06. The Hologic Inc. has recorded 35,449 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Hologic Announces Partnership with NFL Rookie Kelee Ringo and Family.

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Stocks Info

As a NASDAQ listed company, HOLX falls under the Healthcare sector while operating within the Medical Instruments & Supplies industry segment. At the end of the last regular session, the stock closed at $81.06 and fluctuated between $81.24 as its day high and $80.22 as its day low. The current market capitalization of Hologic Inc. is $19.73B. A total of 1.12 million shares were traded on the day, compared to an average of 1.33M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, HOLX has seen 8 BUY and 1 SELL insider trades, representing the acquisition of 11,720 and the disposition of 381 shares. Over the last 12 months, there were 29 BUYs and 42 SELLs from insiders. Insiders purchased 412,125 shares during that period but sold 400,199.

In the most recent transaction, Mitchell Essex D sold 2,390 shares of HOLX for 83.73 per share on May 05. After the transaction, the Div. President, GYN Surgical now owns 7,212 company shares. In a previous transaction on Feb 07, COHN BENJAMIN JORDAN sold 9,128 shares at 85.28 per share. HOLX shares that Principal Accounting Officer owns now total 14,298.

Among the insiders who sold shares, Hellmann Elisabeth A disposed of 1,649 shares on Dec 14 at a per-share price of $76.40. This resulted in the SVP, Human Resources holding 8,545 shares of HOLX after the transaction. In another insider transaction, MACMILLAN STEPHEN P sold 33,500 shares at $75.65 per share on Nov 30. Company shares held by the Chairman, President and CEO now total 2,313,970.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for HOLX in the last 3 months, the mean price target is $93.27 with high estimates of $105.00 and low estimates of $85.00. In terms of 52-week highs and lows, HOLX has a high of $87.88 and a low of $59.78.

As of this writing, HOLX has an earnings estimate of $0.89 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.94 per share and a lower estimate of $0.83. The company reported an EPS of $1.07 in the last quarter, which was 17.60% higher than expectations of $0.91.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. HOLX’s latest balance sheet shows that the firm has $1.17B in Cash & Short Term Investments as of fiscal 2021. There were $3.03B in debt and $1.33B in liabilities at the time. Its Book Value Per Share was $21.40, while its Total Shareholder’s Equity was $4.22B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 HOLX is Buy with a score of 3.69.

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