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NASDAQ:ABMD

Abiomed - ABMD Stock Forecast, Price & News

$278.74
-3.08 (-1.09%)
(As of 08/18/2022 01:19 PM ET)
Add
Compare
Today's Range
$277.68
$282.70
50-Day Range
$224.73
$301.46
52-Week Range
$219.85
$379.30
Volume
1,859 shs
Average Volume
221,089 shs
Market Capitalization
$12.72 billion
P/E Ratio
58.81
Dividend Yield
N/A
Price Target
$311.25

Abiomed MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
11.7% Upside
$311.25 Price Target
Short Interest
Healthy
3.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.79
Upright™ Environmental Score
News Sentiment
0.57mentions of Abiomed in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$300,000 Sold Last Quarter
Proj. Earnings Growth
18.18%
From $4.73 to $5.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Medical Sector

745th out of 1,122 stocks

Surgical & Medical Instruments Industry

71st out of 112 stocks

ABMD stock logo

About Abiomed (NASDAQ:ABMD) Stock

Abiomed, Inc. engages in the research, development, and sale of medical devices to assist or replace the pumping function of the failing heart. It also provides a continuum of care to heart failure patients. The company offers Impella 2.5, a percutaneous micro heart pump with integrated motor and sensors; and Impella CP, a device for use by interventional cardiologists to support patients in the cath lab, as well as by cardiac surgeons in the heart surgery suite. It also provides Impella 5.0, Impella LD, and Impella 5.5, which are percutaneous micro heart pumps with integrated motors and sensors for use primarily in the heart surgery suite; Impella RP, a percutaneous catheter-based axial flow pump; Impella SmartAssist platform that includes optical sensor technology for improved pump positioning and the use of algorithms that enable improved native heart assessment during the weaning process; Impella Connect, a cloud-based technology that enables secure and remote viewing of the automated impella controller for physicians and hospital staffs; and OXY-1 System, a portable external respiratory assistance device. In addition, the company is developing Impella ECP, a pump for blood flow of greater than three liters per minute; Impella XR Sheath, a sheath that expands and recoils allowing small bore access and closure with Impella heart pumps; Impella BTR, a percutaneous micro heart pump with integrated motors and sensors; and preCARDIA, a catheter-mounted superior vena cava therapy system designed to rapidly treat acutely decompensated heart failure. Abiomed, Inc. sells its products through direct sales and clinical support personnel in the Germany, France, United States, Japan, Europe, Canada, Latin America, the Asia-Pacific, and the Middle East. The company was founded in 1981 and is headquartered in Danvers, Massachusetts.

Wall Street Analyst Weigh In

Several analysts have commented on ABMD shares. StockNews.com lowered shares of Abiomed from a "buy" rating to a "hold" rating in a research report on Friday, July 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Abiomed from $410.00 to $355.00 in a report on Thursday, July 21st. Finally, Morgan Stanley cut their price objective on shares of Abiomed from $275.00 to $235.00 and set an "underweight" rating on the stock in a report on Friday, July 15th.

Abiomed Price Performance

NASDAQ:ABMD traded down $9.30 during midday trading on Wednesday, hitting $281.82. The company's stock had a trading volume of 349,321 shares, compared to its average volume of 328,503. The firm has a market cap of $12.86 billion, a P/E ratio of 59.46 and a beta of 1.35. Abiomed has a fifty-two week low of $219.85 and a fifty-two week high of $379.30. The firm's 50 day moving average is $266.54 and its 200-day moving average is $282.92.

Abiomed (NASDAQ:ABMD - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The medical equipment provider reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.19. The business had revenue of $277.15 million for the quarter, compared to analysts' expectations of $276.46 million. Abiomed had a net margin of 20.60% and a return on equity of 14.33%. The business's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. As a group, analysts forecast that Abiomed will post 4.73 EPS for the current year.

Insider Activity

In other news, CFO Todd A. Trapp sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now owns 16,927 shares in the company, valued at approximately $5,078,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company's stock.

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ABMD Stock News Headlines

Abiomed's (ABMD) Impella Favored by Latest Study Result
Why Shares of Abiomed Rose 18.4% in July
Abiomed, Inc. (NASDAQ:ABMD) CFO Sells $300,000.00 in Stock
Abiomed Inc. Q1 Earnings Summary
Abiomed (ABMD) Q1 Earnings Top Estimates, Margins Down
Abiomed (ABMD) Q1 Earnings Top Estimates
Abiomed FQ1 2023 Earnings Preview - Seeking Alpha
Abiomed (ABMD) Set to Announce Earnings on Thursday
See More Headlines
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ABMD Company Calendar

Last Earnings
8/04/2022
Today
8/18/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
Health Care Equipment
Sector
Medical
Current Symbol
NASDAQ:ABMD
CUSIP
00365410
Employees
2,003
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$311.25
High Stock Price Forecast
$355.00
Low Stock Price Forecast
$235.00
Forecasted Upside/Downside
+11.7%
Consensus Rating
Hold
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$136.51 million
Pretax Margin
25.53%

Debt

Sales & Book Value

Annual Sales
$1.03 billion
Cash Flow
$4.87 per share
Book Value
$33.67 per share

Miscellaneous

Free Float
44,485,000
Market Cap
$12.72 billion
Optionable
Optionable
Beta
1.35

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ABMD Stock - Frequently Asked Questions

Should I buy or sell Abiomed stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Abiomed in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ABMD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABMD, but not buy additional shares or sell existing shares.
View ABMD analyst ratings
or view top-rated stocks.

What is Abiomed's stock price forecast for 2022?

3 equities research analysts have issued 12 month price objectives for Abiomed's shares. Their ABMD share price forecasts range from $235.00 to $355.00. On average, they predict the company's share price to reach $311.25 in the next year. This suggests a possible upside of 10.4% from the stock's current price.
View analysts price targets for ABMD
or view top-rated stocks among Wall Street analysts.

How have ABMD shares performed in 2022?

Abiomed's stock was trading at $359.17 on January 1st, 2022. Since then, ABMD stock has decreased by 21.5% and is now trading at $281.82.
View the best growth stocks for 2022 here
.

When is Abiomed's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our ABMD earnings forecast
.

How were Abiomed's earnings last quarter?

Abiomed, Inc. (NASDAQ:ABMD) posted its quarterly earnings data on Thursday, August, 4th. The medical equipment provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.06 by $0.19. The medical equipment provider had revenue of $277.15 million for the quarter, compared to analyst estimates of $276.46 million. Abiomed had a net margin of 20.60% and a trailing twelve-month return on equity of 14.33%. Abiomed's revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS.
Read the conference call transcript
.

What guidance has Abiomed issued on next quarter's earnings?

Abiomed issued an update on its FY 2023 earnings guidance on Thursday, August, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.13 billion-$1.17 billion, compared to the consensus revenue estimate of $1.18 billion.

What is Michael R. Minogue's approval rating as Abiomed's CEO?

96 employees have rated Abiomed Chief Executive Officer Michael R. Minogue on Glassdoor.com. Michael R. Minogue has an approval rating of 72% among the company's employees.

What other stocks do shareholders of Abiomed own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Abiomed investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Align Technology (ALGN), Arista Networks (ANET), Intuitive Surgical (ISRG), Block (SQ), Netflix (NFLX), Adobe (ADBE) and Salesforce (CRM).

What is Abiomed's stock symbol?

Abiomed trades on the NASDAQ under the ticker symbol "ABMD."

Who are Abiomed's major shareholders?

Abiomed's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (8.13%), State Street Corp (4.57%), Primecap Management Co. CA (3.37%), Renaissance Technologies LLC (3.17%), Price T Rowe Associates Inc. MD (0.00%) and William Blair Investment Management LLC (2.14%). Insiders that own company stock include Andrew J Greenfield, David M Weber, Dorothy E Puhy, Joseph Riccelli, Magdalena Yesil, Martin P Sutter, Michael R Minogue, Michael R Minogue, Paul Thomas and Todd A Trapp.
View institutional ownership trends
.

How do I buy shares of Abiomed?

Shares of ABMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Abiomed's stock price today?

One share of ABMD stock can currently be purchased for approximately $281.82.

How much money does Abiomed make?

Abiomed (NASDAQ:ABMD) has a market capitalization of $12.86 billion and generates $1.03 billion in revenue each year. The medical equipment provider earns $136.51 million in net income (profit) each year or $4.74 on an earnings per share basis.

How many employees does Abiomed have?

The company employs 2,003 workers across the globe.

Does Abiomed have any subsidiaries?
The following companies are subsidiares of Abiomed: ABD Holding Company, ABIOMED Athlone Ltd, ABIOMED Australia Pte. Ltd, ABIOMED Europe, ABIOMED Japan KK, ABIOMED Limited, ABIOMED R&D, ABIOMED SARL, ABIOMED Singapore Pte. Ltd, AIS GmbH Aachen Innovative Solutions, ECP Entwicklungsgesellschaft mbH, and Impella Cardiosystems.
Read More
When was Abiomed founded?

Abiomed was founded in 1981.

How can I contact Abiomed?

Abiomed's mailing address is 22 CHERRY HILL DR, DANVERS MA, 01923. The official website for the company is www.abiomed.com. The medical equipment provider can be reached via phone at (978) 646-1400, via email at ir@abiomed.com, or via fax at 978-777-8411.

This page (NASDAQ:ABMD) was last updated on 8/18/2022 by MarketBeat.com Staff

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