Baxter Intl. Inc. stock trades under the ticker BAX & has shown recent bullishness that traders & investors should take a closer look into.
BAX stock closed at $58.73/share on 9/7/2022.
Baxter Intl Inc. BAX Stock’s Technical Performance Broken Down
BAX Stock Price: $58.73
10 Day Moving Average: $57.13
50 Day Moving Average: $61.28
200 Day Moving Average: $73.98
RSI: 48.89
MACD: -1.408
Yesterday, BAX stock completed a bullish MACD crossover, breaking out & settling above its 10 day moving average.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral, signaling that there may be more momentum in the near-term to come.
They have support at the $57.20 & $54.45/share price levels, as they try to break above the $61.93 & $62.38/share resistance levels.
Baxter Intl Inc. BAX Stock As A Long-Term Investment
Long-term oriented investors will like BAX stock’s P/E (ttm) of 27.33, but may find their 3.11 P/B (mrq) to be a bit too rich.
They recently reported 20.9% Quarterly Revenue Growth Y-o-Y, despite -15.4% Quarterly Earnings Growth Y-o-Y, which investors may want to dig a bit deeper into.
Their balance sheet will also require a closer examination before investment, with a reported $1.85B of Total Cash (mrq) & $17.16B of Total Debt (mrq).
BAX stock pays a 2.07% dividend, which appears stable in the mid-term with a 56.5% payout ratio, but investors would also be prudent to see how their balance sheet health may impact this in the long-term.
89.5% of BAX stock’s outstanding share float is owned by institutional investors.
Baxter Intl Inc. BAX Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to hedge against market volatility, while profiting from BAX stock’s price movements.
I am looking at the contracts with the 9/16 expiration date.
The $58, $57 & $57.50 calls are all in-the-money, listed from highest to lowest level of open interest.
The $60 & $59 puts are also in-the-money, with the former being more liquid than the latter.
Tying It All Together
BAX stock has many interesting attributes that traders & investors are sure to find appealing.
Investors will like their dividend & P/E (ttm), but may want to look deeper into their balance sheet, as well as recent earnings performance.
Traders will like their recent technical performance, as well as the liquidity of their options.
All-in-all, it is worth taking a closer look into how BAX stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF BAX STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***