Boston Scientific Corp. (NYSE:BSX) shares, rose in value, with the stock price up by 5.68% to the previous day’s close as strong demand from buyers drove the stock to $72.91.
Actively observing the price movement in the last trading, the stock closed the session at $68.99. The PE ratio was 68.12 over 12-month period. Referring to stock’s 52-week performance, its high was $69.21, and the low was $48.35. On the whole, BSX has fluctuated by 8.35% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BSX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.55, with the price of BSX currently trading nearly 6.97% and 8.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.87, while the 7-day volatility ratio is showing 2.05% which for the 30-day chart, stands at 1.53%. Furthermore, Boston Scientific Corp. (BSX)’s beta value is 0.78, and its average true range (ATR) is 1.38.
A comparison of Boston Scientific Corp. (BSX) with its peers suggests the former has fared considerably weaker in the market. BSX showed an intraday change of 5.68% in last session, and over the past year, it grew by 42.01%%.
Data on historical trading for Boston Scientific Corp. (NYSE:BSX) indicates that the trading volumes over the past 3 months, they’ve averaged 6.42 million. According to company’s latest data on outstanding shares, there are 1.47 billion shares outstanding.
Nearly 0.45% of Boston Scientific Corp.’s shares belong to company insiders and institutional investors own 93.81% of the company’s shares. The stock has risen by 26.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BSX stock heading into the next quarter.
