Somewhat Positive Media Coverage Somewhat Unlikely to Affect ABIOMED (ABMD) Share Price
Headlines about ABIOMED (NASDAQ:ABMD) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ABIOMED earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media coverage about the medical equipment provider an impact score of 44.6828702782984 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of ABIOMED (ABMD) traded up $6.03 on Tuesday, hitting $294.01. 538,444 shares of the stock traded hands, compared to its average volume of 422,486. ABIOMED has a 52 week low of $117.36 and a 52 week high of $304.28. The firm has a market capitalization of $12,975.62, a P/E ratio of 148.49, a price-to-earnings-growth ratio of 4.06 and a beta of 0.25.
ABIOMED (NASDAQ:ABMD) last announced its quarterly earnings results on Thursday, February 1st. The medical equipment provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.20. ABIOMED had a net margin of 16.58% and a return on equity of 15.54%. The company had revenue of $154.00 million during the quarter, compared to the consensus estimate of $154.00 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. equities analysts forecast that ABIOMED will post 2.29 earnings per share for the current fiscal year.
In related news, VP Andrew J. Greenfield sold 20,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $270.36, for a total value of $5,407,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.00% of the company’s stock.
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ABIOMED, Inc is a provider of temporary percutaneous mechanical circulatory support devices. The Company offers care to heart failure patients. The Company operates in the segment of the research, development and sale of medical devices to assist or replace the pumping function of the failing heart. The Company develops, manufactures and markets products that are designed to enable the heart to rest, heal and recover by improving blood flow to the coronary arteries and end-organs and/or temporarily performing the pumping function of the heart.
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