Boston Scientific (NYSE:BSX)- Stocks Having Bumpy Ride for the Day: Depomed (NASDAQ:DEPO)

Boston Scientific Corporation (NYSE:BSX) also run on active notice, stock price surged 0.45% after traded at $22.15 in most recent trading session. Boston Scientific Corporation (BSX) will webcast its conference call discussing financial results for the fourth quarter ended December 31, 2016 on Thursday, February 2, 2017, at 8:00 a.m. EST.

The call will be hosted by Mike Mahoney, chairman and chief executive officer, and Dan Brennan, executive vice president and chief financial officer. The company will issue a news release announcing financial results for the third quarter on Thursday, February 2, 2017, prior to the conference call.

BSX has price to earnings ratio of 388.60 and the price to current year EPS stands at -98.30%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 13.34%. Moving toward ratio analysis, it has current ratio of 1.10 and quick ratio was calculated as 0.70. The debt to equity ratio appeared as 0.84 for seeing its liquidity position.

Taking notice on volatility measures, price volatility of stock was 1.17% for a week and 1.36% for a month. The price volatility’s Average True Range for 14 days was 0.31. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 1.80 out of 1-5 scale with week’s performance of 2.07%. BSX’s institutional ownership was registered as 91.70%, while insider ownership was 0.20%.

Depomed, Inc. (NASDAQ:DEPO) persists its position slightly strong in context of buying side, while shares price jumped down -8.37% during latest trading session.

Narrow down focus to other ratios, the co has current ratio of 1.20 that indicates if DEPO lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 1.20, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.00, sometimes its remain same with long term debt to equity ratio.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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