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NASDAQ:HOLX

Hologic (HOLX) Stock Price, News & Analysis

$78.63
+0.75 (+0.96%)
(As of 07/26/2024 ET)
Today's Range
$77.69
$79.40
50-Day Range
$71.43
$78.89
52-Week Range
$64.02
$82.31
Volume
1.47 million shs
Average Volume
1.44 million shs
Market Capitalization
$18.35 billion
P/E Ratio
40.12
Dividend Yield
N/A
Price Target
$85.55

Hologic MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
8.8% Upside
$85.55 Price Target
Short Interest
Healthy
1.96% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.70
Upright™ Environmental Score
News Sentiment
0.72mentions of Hologic in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.01 M Sold Last Quarter
Proj. Earnings Growth
8.82%
From $4.08 to $4.44 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.57 out of 5 stars

Medical Sector

112th out of 936 stocks

X - Ray Apparatus & Tubes Industry

1st out of 5 stocks

HOLX stock logo

About Hologic Stock (NASDAQ:HOLX)

Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment. The company operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health. It provides Aptima molecular diagnostic assays to detect the infectious microorganisms; Aptima viral load assays for Hepatitis B virus, Hepatitis C virus, human immunodeficiency virus, and human cytomegalo virus; Aptima bacterial vaginosis and candida vaginitis assays for the diagnosis of vaginitis; Aptima SARS-CoV-2 and Panther Fusion SARS-CoV-2 assays to detect SARS-CoV-2; ThinPrep System for cytology applications; and Rapid Fetal Fibronectin Test that assists physicians in assessing the risk of pre-term birth. The company also offers breast cancer care solutions in the areas of radiology, breast surgery, pathology, and treatment, such as 3D digital mammography systems, image analytics software, reading workstations, minimally invasive breast biopsy guidance systems, breast biopsy site markers, localization, specimen radiology, and connectivity solutions; and breast conserving surgery products. In addition, it provides MyoSure Hysteroscopic Tissue Removal System for the removal of fibroids and polyps in the uterus; NovaSure Endometrial Ablation System to treat abnormal uterine bleeding; Fluent Fluid Management System that provides liquid distention during diagnostic and operative hysteroscopic procedures; Acessa ProVu system to treat various fibroids; and CoolSeal portfolio, such as bipolar vessel sealing devices. Further, the company offers Horizon DXA, a dual energy X-ray system; and Fluoroscan Insight FD mini C-arm to perform minimally invasive orthopedic surgical procedures. It sells its products through direct sales, service forces, independent distributors, and sales representatives. Hologic, Inc. was incorporated in 1985 and is headquartered in Marlborough, Massachusetts.

HOLX Stock Price History

HOLX Stock News Headlines

The next companies to potentially benefit thanks to Nvidia are …
Nvidia is pivoting to a new $1 trillion Superproject that could revolutionize the AI industry… again. And it’s enlisting a whole new set of partners.
Hologic Completes Acquisition of Endomagnetics Ltd
Hologic (HOLX) Set to Announce Earnings on Monday
The next companies to potentially benefit thanks to Nvidia are …
Nvidia is pivoting to a new $1 trillion Superproject that could revolutionize the AI industry… again. And it’s enlisting a whole new set of partners.
Deep Dive Into Hologic Stock: Analyst Perspectives (4 Ratings)
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Today
7/27/2024
Next Earnings (Confirmed)
7/29/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Sector
Medical
Industry
X - ray apparatus & tubes
Sub-Industry
Health Care Equipment
Current Symbol
NASDAQ:HOLX
CUSIP
43644010
Employees
6,990
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$85.55
High Stock Price Target
$95.00
Low Stock Price Target
$72.00
Potential Upside/Downside
+8.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$456 million
Pretax Margin
14.15%

Debt

Sales & Book Value

Annual Sales
$4.03 billion
Cash Flow
$5.36 per share
Book Value
$20.48 per share

Miscellaneous

Free Float
229,293,000
Market Cap
$18.35 billion
Optionable
Optionable
Beta
0.99

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Should I Buy Hologic Stock? HOLX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Hologic, Inc.:

  • Hologic's recent upgrade from a "hold" to a "buy" rating by StockNews.com and a reiterated "buy" rating with a target price of $90.00 by Needham & Company LLC indicate positive sentiment from analysts, potentially driving stock price growth.
  • Hologic's strong financial performance, with a return on equity of 18.91% and a net margin of 11.78%, showcases the company's profitability and efficiency in utilizing shareholder equity.
  • The company's diverse product portfolio across diagnostics, medical imaging systems, and surgical products for women's health positions it well in a growing healthcare market, offering stability and growth potential.
  • Hologic's consistent revenue generation, with $1.02 billion in revenue for the latest reported quarter, demonstrates resilience and market demand for its products and services.
  • With a current stock price of $71.79, trading slightly down, investors may see this as an opportunity to enter at a potentially discounted price before any upward movement.

Cons

Investors should be bearish about investing in Hologic, Inc. for these reasons:

  • Despite positive analyst ratings, Hologic's stock has been trading down slightly, which could indicate short-term market uncertainty or lack of immediate positive catalysts.
  • Hologic's price-to-earnings ratio of 38.14 and a PEG ratio of 2.47 suggest that the stock may be relatively expensive compared to industry peers, potentially limiting short-term upside potential.
  • The company's debt-to-equity ratio of 0.52 may raise concerns about its leverage and ability to manage debt obligations, impacting long-term financial stability.
  • Hologic's revenue decline of .8% year-over-year could signal challenges in maintaining growth momentum or potential market saturation in its current product offerings.
  • Institutional investors owning a significant portion (94.73%) of the company's stock may limit individual investor influence on company decisions and stock price movements.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 1, 2024. Please send any questions or comments about these Hologic pros and cons to contact@marketbeat.com.

HOLX Stock Analysis - Frequently Asked Questions

How have HOLX shares performed this year?

Hologic's stock was trading at $71.45 at the start of the year. Since then, HOLX stock has increased by 10.0% and is now trading at $78.63.
View the best growth stocks for 2024 here
.

How were Hologic's earnings last quarter?

Hologic, Inc. (NASDAQ:HOLX) issued its quarterly earnings data on Thursday, May, 2nd. The medical equipment provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The firm's revenue was down .8% compared to the same quarter last year.
Read the conference call transcript
.

What is Steve MacMillan's approval rating as Hologic's CEO?

447 employees have rated Hologic Chief Executive Officer Steve MacMillan on Glassdoor.com. Steve MacMillan has an approval rating of 79% among the company's employees. 81.0% of employees surveyed would recommend working at Hologic to a friend.

Does Hologic have any subsidiaries?

Hologic subsidiaries include these companies: Bolder Surgical, Mobidiag Oy, Diagenode SA, Biotheranostics Inc, Somatex Medical Technologies GmbH, Acessa Health, Health Beacons Inc, and others.

Who are Hologic's major shareholders?

Top institutional investors of Hologic include Swedbank AB (0.70%), Bank of New York Mellon Corp (0.67%), Retirement Systems of Alabama (0.34%) and Assenagon Asset Management S.A. (0.27%). Insiders that own company stock include Stephen P Macmillan, John M Griffin, Karleen Marie Oberton, Jan Verstreken, Scott T Garrett, Christiana Stamoulis, Benjamin Jordan Cohn, Essex D Mitchell, Charles J Dockendorff and Sean S Daugherty.
View institutional ownership trends
.

How do I buy shares of Hologic?

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

What other stocks do shareholders of Hologic own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hologic investors own include AbbVie (ABBV), NVIDIA (NVDA), Johnson & Johnson (JNJ), Alibaba Group (BABA), Walt Disney (DIS), PayPal (PYPL) and Advanced Micro Devices (AMD).

This page (NASDAQ:HOLX) was last updated on 7/27/2024 by MarketBeat.com Staff

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