Thermo Fisher Scientific Inc. (NYSE:TMO) shares fell to a low of $476.72 before closing at $483.56. Intraday shares traded counted 1.1 million, which was 37.78% higher than its 30-day average trading volume of 1.76M. TMO’s previous close was $482.47 while the outstanding shares total 394.00M. The firm has a beta of 0.76, a 12-month trailing P/E ratio of 24.30, and a growth ratio of 4.80. The stock’s Relative Strength Index (RSI) is 62.84, with weekly volatility at 2.40% and ATR at 9.81. The TMO stock’s 52-week price range has touched low of $343.19 and a $532.57 high. The stock traded higher over the last trading session, gaining 0.23% on 06/21/21.
Investors have identified the Diagnostics & Research company Thermo Fisher Scientific Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $191.48 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Thermo Fisher Scientific Inc. (TMO) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 17.68 billion total, with 7.0 billion as their total liabilities.
TMO were able to record 1.35 billion as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by -4.73 billion. In cash movements, the company had a total of 1.98 billion as operating cash flow.
Potential earnings growth for Thermo Fisher Scientific Inc. (TMO)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Thermo Fisher Scientific Inc. recorded a total of 9.91 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 37.11% coming in sequential stages and their sales for the 07/28/2021 quarter reducing by -6.5%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 4.7 billion trying to sell their products during the last quarter, with the result yielding a gross income of 5.21 billion. This allows shareholders to hold on to 394.00M with the recently reported earning now reading 5.93 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (7.21 cents a share).
Having a look at the company’s valuation, the company is expected to record 19.51 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TMO sounds very interesting.
Is the stock of TMO attractive?
In related news, Executive Vice President, Lagarde Michel sold 21,600 shares of the company’s stock in a transaction that recorded on May 10. The sale was performed at an average price of 464.51, for a total value of 10,033,518. As the sale deal closes, the Executive Vice President, Lagarde Michel now sold 34,168 shares of the company’s stock, valued at 16,147,636. Also, Executive Vice President, Lagarde Michel sold 7,290 shares of the company’s stock in a deal that was recorded on Feb 12. The shares were price at an average price of 507.79 per share, with a total market value of 3,701,789. Following this completion of acquisition, the Executive Vice President & COO, Stevenson Mark now holds 14,133 shares of the company’s stock, valued at 6,696,781. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
17 out of 23 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Thermo Fisher Scientific Inc.. 0 analysts has assigned a Sell rating on the TMO stock. The 12-month mean consensus price target for the company’s shares has been set at $550.29.