An Evaluation Of Boston Scientific Corp. (NYSE: BSX) Prospects

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. The stock was recently discussed on Yahoo Finance as it revealed that Axonics Announces Definitive Agreement to be Acquired by Boston Scientific.

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Stocks Info

As a NYSE listed company, BSX falls under the Healthcare sector while operating within the Medical Devices industry segment. The current market capitalization of Boston Scientific Corp. is $89.28B. A total of 6.54 million shares were traded on the day, compared to an average of 6.75M 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, BSX has seen 4 BUY and 3 SELL insider trades, representing the acquisition of 119,764 and the disposition of 129,027 shares. Over the last 12 months, there were 101 BUYs and 97 SELLs from insiders. Insiders purchased 930,687 shares during that period but sold 1,284,584.

In the most recent transaction, Fitzgerald Joseph Michael sold 11,660 shares of BSX for 60.00 per share on Jan 12. After the transaction, the EVP & Group Pres, Cardiology now owns 173,472 company shares. In a previous transaction on Jan 09, Mirviss Jeffrey B. sold 15,172 shares at 59.25 per share. BSX shares that EVP&Pres, Periph Intervent owns now total 56,588.

Among the insiders who sold shares, Mirviss Jeffrey B. disposed of 15,000 shares on Jan 04 at a per-share price of $58.40. This resulted in the EVP&Pres, Periph Intervent holding 56,588 shares of BSX after the transaction. In another insider transaction, Mirviss Jeffrey B. sold 11,931 shares at $57.82 per share on Jan 03. Company shares held by the EVP&Pres, Periph Intervent now total 56,588.

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 BSX in the last 3 months, the mean price target is $64.52 with high estimates of $77.00 and low estimates of $55.00. In terms of 52-week highs and lows, BSX has a high of $61.46 and a low of $44.79.

As of this writing, BSX has an earnings estimate of $0.51 per share for the current quarter. EPS was calculated based on a consensus of 26 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.5. The company reported an EPS of $0.53 in the last quarter, which was 8.20% higher than expectations of $0.49.

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. 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 $12.89, while its Total Shareholder’s Equity was $16.62B.

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 BSX is Buy with a score of 4.61.

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