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NASDAQ:ABMD

Abiomed (ABMD) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$381.02
$381.02
50-Day Range
$377.20
$381.30
52-Week Range
$219.85
$381.99
Volume
258 shs
Average Volume
611,028 shs
Market Capitalization
$17.18 billion
P/E Ratio
65.47
Dividend Yield
N/A
Price Target
N/A
ABMD stock logo

About Abiomed Stock (NASDAQ:ABMD)

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. As of December 22, 2022, Abiomed, Inc. operates as a subsidiary of Johnson & Johnson.

ABMD Stock News Headlines

War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
FDA warns Abiomed over device classification
This Big Pharma Stock Is a Clear Buy in 2023
3 Powerhouse Stocks to Buy in 2023
See More Headlines
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Company Calendar

Last Earnings
10/27/2021
Today
9/07/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

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

Profitability

Net Income
$136.51 million
Pretax Margin
31.76%

Debt

Sales & Book Value

Annual Sales
$1.03 billion
Cash Flow
$5.09 per share
Book Value
$33.03 per share

Miscellaneous

Free Float
43,964,000
Market Cap
$17.18 billion
Optionable
Optionable
Beta
1.40

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Key Executives

Should I Buy Abiomed Stock? ABMD Pros and Cons Explained

Pros

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

  • Abiomed, Inc. has recently launched a groundbreaking medical device that has received FDA approval, leading to increased revenue potential.
  • The company's stock price has been steadily increasing over the past year, indicating positive investor sentiment and potential for growth.
  • Abiomed, Inc. has a strong track record of innovation in the medical technology sector, positioning them as a leader in the industry.
  • Recent partnerships with major healthcare providers have expanded Abiomed's market reach and potential for increased sales.
  • The company's financial performance has been impressive, with consistent revenue growth and profitability in recent quarters.

Cons

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

  • Despite recent successes, Abiomed, Inc. faces stiff competition in the medical device market, which could impact their market share and profitability.
  • The company's stock price is currently trading at a high valuation, which may limit potential upside for investors in the short term.
  • Abiomed, Inc. is heavily reliant on a few key products for the majority of its revenue, which poses a risk in case of product recalls or failures.
  • Regulatory changes in the healthcare industry could impact Abiomed's ability to bring new products to market and generate revenue.
  • Market volatility and economic uncertainty could affect Abiomed's stock price and overall financial performance.
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 Tuesday, August 20, 2024. Please send any questions or comments about these Abiomed pros and cons to contact@marketbeat.com.

ABMD Stock Analysis - Frequently Asked Questions

How were Abiomed's earnings last quarter?

Abiomed, Inc. (NASDAQ:ABMD) issued its earnings results on Wednesday, October, 27th. The medical equipment provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The business's revenue was up 18.3% on a year-over-year basis.
Read the conference call transcript
.

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.

Does Abiomed have any subsidiaries?

Abiomed subsidiaries include these companies: ECP Entwicklungsgesellschaft mbH, Impella Cardiosystems, ABD Holding Company, ABIOMED Athlone Ltd, ABIOMED Australia Pte. Ltd, ABIOMED Europe, ABIOMED Japan KK, and more.

What other stocks do shareholders of Abiomed own?

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

This page (NASDAQ:ABMD) was last updated on 9/7/2024 by MarketBeat.com Staff

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