The Week Ahead: Are Investors Really Too Optimistic About Hologic, Inc (NASDAQ: HOLX)

Hologic, Inc (NASDAQ:HOLX) currently has a daily average trading volume of 2.68M but it saw 4445665 shares traded in last market. With a market cap of 13.31B USD, the company’s current market price of $59.31 came rising about 1.45 while comparing to the previous closing price of $58.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $84.67 and as low as $57.48. In the recent trading on the day, stock has struck highest price mark of $57.38 while lowest mark touched by it was $60.88.

Taking a look at 20-day trading activity of Hologic, Inc (HOLX) gives us an average price of $61.11, while its current price level is -29.95% below from 52-week high level whereas it is 3.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $63.73 while that of 200 days or SMA-200 reads an average of $74.41. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.64% during that period while stretching the period over a month that decreases to 2.86%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.04 which implies that the stock is in neutral territory.

Leerink Partners downgraded its recommendation for the stock as a “Market Perform” from “Outperform” on February 06, 2025 while assigning a price target range of $80-$75.

Over the week, HOLX’s stock price is moving -2.06% down while it is -5.24% when we observe its performance for the past one month. Year-to-date it is -17.73% down and over the past year, the stock is showing a downside performance of -23.35%.

The company is expected to be releasing its next quarterly report on 2025-Feb-04, for which analysts forecasted an EPS of 1.02 while estimate for next year EPS is 4.26. In next quarter, company is expected to be making quarterly sales of $1.03B as analysts are expecting the sales for current fiscal year at $4.08B and seeing the company making $4.3B in sales next year. Moreover, analysts are in estimates of $1B for current-quarter revenue.

Currently, Hologic, Inc’s total number of outstanding shares is 225.56M with 0.85% of that held by the insiders while 105.10% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 10.24% and return on equity (ROE) at 15.78%. It has a price to earnings ratio (P/E ratio) of 18.77 while having a 12.78 of forward P/E ratio. Stock’s beta reads 0.53. Stock has a price to book (P/B) ratio of 2.80 while price to sale or P/S ratio amounts to 3.30. Its return on asset (ROA) is 8.65% on average.