Thermo Fisher Scientific Inc. (NYSE:TMO) saw an upside of 2.77% to $541.67 after adding $14.62on Wednesday. The 5-day average trading volume is 960,622 shares of the company’s common stock. It has gained $547.65 in the past week and touched a new high 2 times within the past 5 days. An average of 1,184,835 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,528,888.
TMO’s 1-month performance is -5.12% or -$20.00 on its low of $526.35 reached on 08/22/23. The company’s shares have touched a 52-week low of $475.77 and high of $609.85, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, TMO has lost -1.64% or -$8.50 and has reached a new high 9 times. However, the current price is down -11.18% from the 52-week high price.
Insider Transactions
TMO stock investors last saw insider trading activity on Aug 08.CASPER MARC N (Chairman & CEO) most recently sold 1,600 shares at $550.60 per share on Aug 08. This transaction cost the insider $880,960. Chairman & CEO, CASPER MARC N, sold 10,000 shares at a price of $551.94 on Aug 07. Then, on Aug 04, Chairman & CEO CASPER MARC N sold 10,000 shares at a price of $550.33 per share. This transaction amounted to $5,503,317.
Valuation Metrics
TMO stock has a beta of 0.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.84 while the price-to-book (PB) in the most recent quarter is 4.78, with the price to cash flow ratio at 35.95.
Thermo Fisher Scientific Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.67, while the total debt to equity was 0.78. In terms of profitability, the gross margin trailing 12 months is 39.70%. The trailing 12-month EBITDA margin is 26.51% while for the period ending June 29, Thermo Fisher Scientific Inc.’s operating margin was 15.40%. The firm’s gross profit as reported stood at $18.97 billion against revenue of $44.91 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -22.26% to $1.36 billion, while revenue of $1.29 billion was 5.29% off the previous quarter. Analysts expected TMO to announce $5.42 per share in earnings in its latest quarter, but it posted $5.15, representing a -5.00% surprise. EBITDA for the quarter stood at more than $2.43 billion. TMO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 50.3 billion, with total debt at $34.02 billion. Shareholders hold equity totaling $385.95 million.
Let’s look briefly at Thermo Fisher Scientific Inc. (TMO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 52.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.94%.
The stock’s 5-day moving average is $533.97, reflecting a +2.52% or $13.32 change from its current price. TMO is currently trading -5.61% above its 20-day SMA, -3.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.53% and SMA200 by+11.35%.
Stochastic %K and %D was 24.14% and 19.82% and the average true range (ATR) pointed at 10.30. The RSI (14) points at 51.57%, while the 14-day stochastic is at 51.85% with the period’s ATR at 10.58. The stock’s 9-day MACD Oscillator is pointing at -1.42 and -6.76 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Thermo Fisher Scientific Inc. (NYSE: TMO), Robert W. Baird reiterated its an Outperform rating for the company but lifted their price target by $670 to $664. Analysts offering their rating for TMO stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate TMO as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 17 have offered a “buy” rating.
What is TMO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $520.00 and a high of $698.00, with their median price target at $630.00. Looking at these predictions, the average price target given by analysts is for Thermo Fisher Scientific Inc. (TMO) stock is $626.81.
