Baxter International Inc. (NYSE: BAX)’s stock price has plunge by 1.27relation to previous closing price of 40.13. Nevertheless, the company has seen a 0.59% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-29 that Besides Wall Street’s top -and-bottom-line estimates for Baxter (BAX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
Is It Worth Investing in Baxter International Inc. (NYSE: BAX) Right Now?
BAX has 36-month beta value of 0.64. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for BAX is 504.47M, and currently, short sellers hold a 1.92% ratio of that float. The average trading volume of BAX on April 30, 2024 was 3.59M shares.
BAX’s Market Performance
The stock of Baxter International Inc. (BAX) has seen a 0.59% increase in the past week, with a -4.91% drop in the past month, and a 3.99% gain in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 2.03% for BAX. The simple moving average for the last 20 days is -1.54% for BAX stock, with a simple moving average of 2.90% for the last 200 days.
Analysts’ Opinion of BAX
Many brokerage firms have already submitted their reports for BAX stocks, with Morgan Stanley repeating the rating for BAX by listing it as a “Equal-Weight.” The predicted price for BAX in the upcoming period, according to Morgan Stanley is $45 based on the research report published on May 30, 2023 of the previous year 2023.
UBS, on the other hand, stated in their research note that they expect to see BAX reach a price target of $43. The rating they have provided for BAX stocks is “Neutral” according to the report published on March 29th, 2023.
Morgan Stanley gave a rating of “Equal-Weight” to BAX, setting the target price at $55 in the report published on January 06th of the previous year.
BAX Trading at -2.75% from the 50-Day Moving Average
After a stumble in the market that brought BAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.06% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares sank -6.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.73% lower at present.
During the last 5 trading sessions, BAX rose by +0.59%, which changed the moving average for the period of 200-days by -13.01% in comparison to the 20-day moving average, which settled at $41.13. In addition, Baxter International Inc. saw 5.12% 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 BAX starting from Mason Jeanne K, who sale 64,488 shares at the price of $40.61 back on Mar 01 ’24. After this action, Mason Jeanne K now owns 142,290 shares of Baxter International Inc., valued at $2,618,858 using the latest closing price.
Stock Fundamentals for BAX
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.34 for the gross margin
The net margin for Baxter International Inc. stands at 0.18. The total capital return value is set at 0.01. Equity return is now at value -0.44, with -0.11 for asset returns.
Based on Baxter International Inc. (BAX), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.71. The interest coverage ratio of the stock is 0.26.
Currently, EBITDA for the company is 1.75 billion with net debt to EBITDA at 9.51. When we switch over and look at the enterprise to sales, we see a ratio of 2.13. The receivables turnover for the company is 5.45for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
To put it simply, Baxter International Inc. (BAX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
