Home  »  News   »  TMO’s Stochastic Averages Dip: Analyzing The...

TMO’s Stochastic Averages Dip: Analyzing Thermo Fisher Scientific Inc.’s Stock Performance

The current stock price for Thermo Fisher Scientific Inc. (TMO) is $508.25. The stock experienced a significant increase during the last trading session, reaching $529.30 after opening at $526.35. It dipped to a low of $519.7101 before ultimately closing at $525.10.

The market performance of Thermo Fisher Scientific Inc. has been somewhat unstable. Over the past year, the company’s stock achieved a high of $611.06 on 07/29/22, with the lowest value for the same timeframe being $475.77, recorded on 11/03/22.

Top 5 EV Tech Stocks to Buy for 2023

According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Click Here to Download the FREE Report.


52-week price history of TMO Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Thermo Fisher Scientific Inc.’s current trading price is -16.83% away from its 52-week high, while its distance from the 52-week low is 6.83%. The stock’s price range during this period has fluctuated between $475.77 and $611.06. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 1.18 million for the day, which was evidently lower than the average daily volume of 1.29 million over the last three months.

Financial Performance and Market Capitalization

Thermo Fisher Scientific Inc. (TMO) has experienced a quarterly decline of -7.75% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 201.07B and boasts a workforce of 130000 employees.

Analysts’ Ratings For Thermo Fisher Scientific Inc.

As of right now, 15 analysts are rating Thermo Fisher Scientific Inc. as a BUY, 3 of the polled analysts branded the stock as an OVERWEIGHT, 5 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 analyst is rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 559.29, with a change in price of -49.46. Similarly, Thermo Fisher Scientific Inc. recorded 1,397,479 in trading volume during the last 100 days, posting a change of -8.88%.

TMO Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for TMO stands at 0.83. Similarly, the long-term debt-to-equity ratio is also 0.69.

TMO Stock Stochastic Average

The raw stochastic average for Thermo Fisher Scientific Inc. over the last 50 days is presently at 9.49%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 14.81%. Further, the company’s Stochastic %K and %D values for the last 20 days were 23.72% and 24.41%, respectively.

TMO Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -7.71% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -5.23%. Over the past 30 days, the price of TMO has leaped by -7.32%. And in the last five days, it has fallen by -2.57%.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts