Thermo Fisher Scientific Inc. (NYSE: TMO) has a price-to-earnings ratio that is above its average at 37.81x. The stock has a 36-month beta value of 0.80. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 8 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for TMO is 380.62M, and at present, short sellers hold a 0.77% of that float. On March 22, 2024, the average trading volume of TMO was 1.57M shares.
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TMO) stock’s latest price update
Thermo Fisher Scientific Inc. (NYSE: TMO) has seen a rise in its stock price by 0.70 in relation to its previous close of 580.05. However, the company has experienced a -0.13% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-20 that In the closing of the recent trading day, Thermo Fisher Scientific (TMO) stood at $580.05, denoting a -0.46% change from the preceding trading day.
TMO’s Market Performance
TMO’s stock has fallen by -0.13% in the past week, with a monthly rise of 5.66% and a quarterly rise of 10.60%. The volatility ratio for the week is 1.43% while the volatility levels for the last 30 days are 1.51% for Thermo Fisher Scientific Inc. The simple moving average for the past 20 days is 0.47% for TMO’s stock, with a 11.54% simple moving average for the past 200 days.
Analysts’ Opinion of TMO
Many brokerage firms have already submitted their reports for TMO stocks, with Citigroup repeating the rating for TMO by listing it as a “Neutral.” The predicted price for TMO in the upcoming period, according to Citigroup is $620 based on the research report published on March 18, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see TMO reach a price target of $555, previously predicting the price at $475. The rating they have provided for TMO stocks is “Equal Weight” according to the report published on January 24th, 2024.
TMO Trading at 4.03% from the 50-Day Moving Average
After a stumble in the market that brought TMO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.26% of loss for the given period.
Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +4.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.80% upper at present.
During the last 5 trading sessions, TMO fell by -0.13%, which changed the moving average for the period of 200-days by +12.64% in comparison to the 20-day moving average, which settled at $582.60. In addition, Thermo Fisher Scientific Inc. saw 10.05% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TMO starting from CASPER MARC N, who sale 10,000 shares at the price of $594.58 back on Mar 13 ’24. After this action, CASPER MARC N now owns 123,816 shares of Thermo Fisher Scientific Inc., valued at $5,945,759 using the latest closing price.
Britt Lisa P., the Sr. VP and Chief HR Officer of Thermo Fisher Scientific Inc., sale 14,345 shares at $598.90 during a trade that took place back on Mar 12 ’24, which means that Britt Lisa P. is holding 17,323 shares at $8,591,220 based on the most recent closing price.
Stock Fundamentals for TMO
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.41 for the gross margin
The net margin for Thermo Fisher Scientific Inc. stands at 0.14. The total capital return value is set at 0.08. Equity return is now at value 13.22, with 6.12 for asset returns.
Based on Thermo Fisher Scientific Inc. (TMO), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.75. The interest coverage ratio of the stock is 11.53.
Currently, EBITDA for the company is 10.72 billion with net debt to EBITDA at 2.59. When we switch over and look at the enterprise to sales, we see a ratio of 5.82. The receivables turnover for the company is 5.21for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.
Conclusion
To sum up, Thermo Fisher Scientific Inc. (TMO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
