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NASDAQ:HOLX

Hologic (HOLX) Stock Price, News & Analysis

$82.40
+0.68 (+0.83%)
(As of 09/19/2024 ET)

About Hologic Stock (NASDAQ:HOLX)

Key Stats

Today's Range
$81.87
$82.65
50-Day Range
$76.49
$83.64
52-Week Range
$64.02
$84.67
Volume
1.40 million shs
Average Volume
1.61 million shs
Market Capitalization
$19.23 billion
P/E Ratio
42.04
Dividend Yield
N/A
Price Target
$87.60
Consensus Rating
Moderate Buy

Company Overview

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.

Hologic Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 90th Percentile

Hologic scored higher than 90% of companies evaluated by MarketBeat, and ranked 129th out of 1,007 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Hologic has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Hologic has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Hologic's stock forecast and price target.
  • Earnings Growth

    Earnings for Hologic are expected to grow by 9.05% in the coming year, from $4.09 to $4.46 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Hologic is 42.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.27.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Hologic is 42.04, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 147.27.

  • Price to Earnings Growth Ratio

    Hologic has a PEG Ratio of 2.53. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Hologic has a P/B Ratio of 4.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Hologic's valuation and earnings.
  • Percentage of Shares Shorted

    2.45% of the float of Hologic has been sold short.
  • Short Interest Ratio / Days to Cover

    Hologic has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Hologic has recently increased by 8.51%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Hologic does not currently pay a dividend.

  • Dividend Growth

    Hologic does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.45% of the float of Hologic has been sold short.
  • Short Interest Ratio / Days to Cover

    Hologic has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Hologic has recently increased by 8.51%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Hologic has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Hologic this week, compared to 8 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Hologic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,469,973.00 in company stock.

  • Percentage Held by Insiders

    Only 1.75% of the stock of Hologic is held by insiders.

  • Percentage Held by Institutions

    94.73% of the stock of Hologic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Hologic's insider trading history.
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HOLX Stock News Headlines

Hologic (NASDAQ:HOLX) Stock Rating Reaffirmed by Needham & Company LLC
Hologic, Inc. (NASDAQ:HOLX) Short Interest Update
Imminent FDA Decision Could End Obesity in America...
This drug could end obesity in America... ...and spark a 224,000% sales surge for one tiny micro-cap stock. Channelnomics says it "Could have a greater impact on the world than artificial intelligence."
Hologic (NASDAQ:HOLX) Lowered to Buy at StockNews.com
Hologic: A Buy Rating Amidst Temporary Challenges and Growth Potential
See More Headlines

HOLX Stock Analysis - Frequently Asked Questions

Hologic's stock was trading at $71.45 at the beginning of the year. Since then, HOLX shares have increased by 15.3% and is now trading at $82.40.
View the best growth stocks for 2024 here
.

Hologic, Inc. (NASDAQ:HOLX) posted its quarterly earnings data on Monday, July, 29th. The medical equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. Hologic's revenue for the quarter was up 2.7% compared to the same quarter last year.
Read the conference call transcript
.

The following companies are subsidiaries of Hologic: Bolder Surgical, Mobidiag Oy, Diagenode SA, Biotheranostics Inc, Somatex Medical Technologies GmbH, Acessa Health, Health Beacons Inc, and more.

Top institutional shareholders of Hologic include Victory Capital Management Inc. (2.44%), Renaissance Technologies LLC (1.09%), The Manufacturers Life Insurance Company (1.09%) and Black Creek Investment Management Inc. (1.00%). Insiders that own company stock include Stephen P Macmillan, John M Griffin, Karleen Marie Oberton, Jan Verstreken, Scott T Garrett, Christiana Stamoulis, Essex D Mitchell, Benjamin Jordan Cohn, Brandon Schnittker, Charles J Dockendorff and Sean S Daugherty.
View institutional ownership trends
.

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.

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).

Company Calendar

Last Earnings
7/29/2024
Today
9/20/2024
Fiscal Year End
9/30/2024
Next Earnings (Estimated)
11/14/2024

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
$87.60
High Stock Price Target
$95.00
Low Stock Price Target
$78.00
Potential Upside/Downside
+6.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$456 million
Pretax Margin
19.79%

Debt

Sales & Book Value

Annual Sales
$3.99 billion
Cash Flow
$5.50 per share
Book Value
$20.48 per share

Miscellaneous

Free Float
229,293,000
Market Cap
$19.23 billion
Optionable
Optionable
Beta
0.98

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Should I Buy Hologic Stock? HOLX Pros and Cons Explained

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 Sunday, September 8, 2024. Please send any questions or comments about these Hologic pros and cons to contact@marketbeat.com.

Hologic
Bull Case

green Wall Street bull icon

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

  • Hologic, Inc. has shown consistent growth in its stock price, with a recent average selling price of $81.99 per share, indicating positive investor sentiment.
  • The company's diversified portfolio across Diagnostics, Breast Health, GYN Surgical, and Skeletal Health segments provides stability and potential for growth in various healthcare sectors.
  • Analysts have set a moderate buy rating on Hologic, Inc. with a consensus target price of $87.60, suggesting potential for stock price appreciation.
  • Institutional investors, such as Dimensional Fund Advisors LP, have been increasing their holdings in Hologic, Inc., indicating confidence in the company's future performance.
  • Hologic, Inc. continues to innovate in women's health diagnostics, medical imaging systems, and surgical products, positioning itself as a leader in the industry.

Hologic
Bear Case

red Wall Street bear icon

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

  • While the stock has shown growth, there may be volatility in the market affecting short-term returns, requiring a long-term investment perspective.
  • Regulatory changes in the healthcare industry could impact Hologic, Inc.'s operations and profitability, leading to uncertainties for investors.
  • Competition in the women's health sector is intense, with other companies also focusing on diagnostics and medical imaging, potentially affecting Hologic, Inc.'s market share.
  • Economic downturns or global health crises could impact the demand for healthcare products and services, affecting Hologic, Inc.'s financial performance.
  • Investors should carefully monitor any changes in the company's financial health, market position, and industry trends to make informed investment decisions.

This page (NASDAQ:HOLX) was last updated on 9/20/2024 by MarketBeat.com Staff
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