Thermo Fisher Scientific Inc (NYSE:TMO) shares, rose in value, with the stock price down by -0.43% to the previous day’s close as strong demand from buyers drove the stock to $409.02.
Actively observing the price movement in the recent trading, the stock is buoying the session at $410.78. The PE ratio was 24.00 over 12-month period. Referring to stock’s 52-week performance, its high was $627.88, and the low was $402.81. On the whole, TMO has fluctuated by -9.82% over the past month.
With the market capitalization of Thermo Fisher Scientific Inc currently standing at about $154.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 0.39%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 43.68B, with a low estimate of 10.49B and a high estimate of 10.75B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.68B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TMO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.00, with the price of TMO currently trading nearly -3.87% and -13.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.91, while the 7-day volatility ratio is showing 2.68% which for the 30-day chart, stands at 3.65%. Furthermore, Thermo Fisher Scientific Inc (TMO)’s beta value is 0.82, and its average true range (ATR) is 14.29.
A comparison of Thermo Fisher Scientific Inc (TMO) with its peers suggests the former has fared considerably weaker in the market. TMO showed an intraday change of -0.43% in today’s session so far, and over the past year, it shrunk by -28.60%%.
Data on historical trading for Thermo Fisher Scientific Inc (NYSE:TMO) indicates that the trading volumes over the past 3 months, they’ve averaged 2.35 million. According to company’s latest data on outstanding shares, there are 377.49 million shares outstanding.
Nearly 0.17% of Thermo Fisher Scientific Inc’s shares belong to company insiders and institutional investors own 91.47% of the company’s shares. The stock has fallen by -21.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TMO stock heading into the next quarter.
