Hologic, Inc (HOLX) stock expected to decline by -0.54%: What’s driving the pessimism?

Hologic, Inc [HOLX] stock prices are down -0.35% to $80.87 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HOLX shares have lost -0.05% over the last week, with a monthly amount glided 1.38%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Hologic, Inc [NASDAQ: HOLX] stock has seen the most recent analyst activity on October 01, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $85 from $95. Previously, Stephens started tracking the stock with Overweight rating on June 27, 2024, and set its price target to $87. On April 03, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $95 on the stock. Needham upgraded its rating to a Buy but stick to its price target of $95 on July 14, 2023. RBC Capital Mkts initiated its recommendation with a Sector Perform and recommended $75 as its price target on December 07, 2022. Mizuho started tracking with a Buy rating for this stock on October 13, 2022, and assigned it a price target of $75. In a note dated July 20, 2022, UBS initiated an Neutral rating and provided a target price of $73 on this stock.

The stock price of Hologic, Inc [HOLX] has been fluctuating between $65.55 and $84.67 over the past year. Currently, Wall Street analysts expect the stock to reach $80.43 within the next 12 months. Hologic, Inc [NASDAQ: HOLX] shares were valued at $80.87 at the most recent close of the market. An investor can expect a potential drop of -0.54% based on the average HOLX price forecast.

Analyzing the HOLX fundamentals

The Hologic, Inc [NASDAQ:HOLX] reported sales of 3.99B for trailing twelve months, representing a surge of 2.74%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.14 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 80.48 points at the first support level, and at 80.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.42, and for the 2nd resistance point, it is at 81.97.

Ratios To Look Out For

It’s worth pointing out that Hologic, Inc [NASDAQ:HOLX]’s Current Ratio is 3.99. Also, the Quick Ratio is 3.32, while the Cash Ratio stands at 2.43. Considering the valuation of this stock, the price to sales ratio is 4.71, the price to book ratio is 3.79 and price to earnings (TTM) ratio is 27.60.

Transactions by insiders

Recent insider trading involved Oberton Karleen Marie, Chief Financial Officer, that happened on Aug 29 ’24 when 52679.0 shares were sold. Officer, Oberton Karleen Marie completed a deal on Aug 29 ’24 to buy 52679.0 shares. Meanwhile, Div. President, GYN Surgical Schnittker Brandon sold 476.0 shares on Aug 06 ’24.

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