Baxter International Inc. (BAX) concluded trading on Thursday at a closing price of $36.49, with 3.39 million shares of worth about $123.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.14% during that period and on August 22, 2024 the price saw a gain of about 0.86%. Currently the company’s common shares owned by public are about 507.63M shares, out of which, 505.90M shares are available for trading.
Stock saw a price change of 2.13% in past 5 days and over the past one month there was a price change of 2.82%. Year-to-date (YTD), BAX shares are showing a performance of -5.61% which decreased to -12.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.01 but also hit the highest price of $44.01 during that period. The average intraday trading volume for Baxter International Inc. shares is 4.92 million. The stock is currently trading 1.36% above its 20-day simple moving average (SMA20), while that difference is up 4.41% for SMA50 and it goes to -3.08% lower than SMA200.
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Baxter International Inc. (NYSE: BAX) currently have 507.63M outstanding shares and institutions hold larger chunk of about 93.06% of that.
The stock has a current market capitalization of $18.62B and its 3Y-monthly beta is at 0.59. It has posted earnings per share of -$0.80 in the same period. It has Quick Ratio of 0.91 while making debt-to-equity ratio of 1.75. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BAX, volatility over the week remained 1.35% while standing at 2.87% over the month.
Stock’s fiscal year EPS is expected to rise by 14.16% while it is estimated to increase by 5.93% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on July 15, 2024 offering an Underweight rating for the stock and assigned a target price range of between $39 and $30 to it. Coverage by Goldman stated Baxter International Inc. (BAX) stock as a Neutral in their note to investors on May 30, 2024, suggesting a price target of $36 for the stock. On May 10, 2024, TD Cowen Downgrade their recommendations, while on May 30, 2023, Morgan Stanley Resumed their ratings for the stock with a price target of $45. Stock get a Neutral rating from UBS on March 29, 2023.
