The trading price of Baxter International Inc. (NYSE:BAX) closed higher on Tuesday, April 23, closing at $41.02, 1.53% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $50.21 and a 52-week low of $31.01. Over the past month, the stock has lost -2.19% in value.
Baxter International Inc., whose market valuation is $20.84 billion at the time of this writing. The dividend yield on the company stock is 2.83%, while its Forward Dividend ratio is 1.16. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.61 per share this quarter, however they have predicted annual earnings per share of 2.9 for current year and 3.23 for next year.
Analysts have forecast the company to bring in revenue of 3.55B for the current quarter, with the likely lows of 3.53B and highs of 3.59B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 15.11B.
On the technical side, indicators suggest BAX has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that BAX’s price is currently -1.39% off the SMA20 and -1.69% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.18, and weekly volatility stands at 1.89%. When measured over the past 30 days, the indicator reaches 2.03%. Baxter International Inc. (NYSE:BAX)’s beta value is currently sitting at 0.63, while the Average True Range indicator is currently displaying 0.90.
To see how Baxter International Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: BAX stock’s performance was 1.53% in the latest trading, and -9.43% in the past year.
An evaluation of the daily trading volume of Baxter International Inc. (NYSE:BAX) indicates that the 3-month average is 3.58 million.
Currently, records show that 507.63 million of the company’s shares remain outstanding. The insiders hold 0.70% of outstanding shares, whereas institutions hold 91.57%. However, since the stock’s price has seen 6.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
