“Hologic Shares Soar Despite Market Volatility, Up 0.29 in 2023”.

March 19, 2023

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The recent market volatility has had a significant impact on the stock market, but despite this, Hologic ($NASDAQ:HOLX) Inc. has seen their shares soar in 2023. The company’s stock has risen by 0.29 since their closing price of 78.26, despite the market volatility and overall economic uncertainty. This is a sign of market confidence in the company, as traders are willing to invest in the company despite the risks of current market conditions. The surge in Hologic Inc.’s share price is an indication that their products and services are still in demand, despite any potential disruption to the economy that may have been caused by the market volatility.

The company has managed to maintain its strong position in the industry, as investors recognize its potential for long-term success. With a wide range of innovative products and services, Hologic Inc. is well-positioned to continue to grow and flourish in the future.

Share Price

Hologic Inc. has experienced a surge in its shares despite recent market volatility. At the time of writing, media coverage of the company is mostly positive. On Monday, HOLOGIC‘s stock opened at $77.4 and closed at $78.3, meaning an increase of 0.8% from the prior closing price of 77.7.

This performance is indicative of a business that is doing well in spite of the uncertain economic conditions brought on by the pandemic. It is a sign that investors have confidence in the company’s future prospects and that they are willing to take a chance on the stock market. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Hologic. More…

    Total Revenues Net Income Net Margin
    4.47k 990.2 22.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Hologic. More…

    Operations Investing Financing
    1.81k -73.8 -726
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Hologic. More…

    Total Assets Total Liabilities Book Value Per Share
    9.29k 4.2k 20.65
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Hologic are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    9.7% 69.7% 29.2%
    FCF Margin ROE ROA
    38.0% 16.3% 8.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    As GoodWhale, we recently conducted an analysis of HOLOGIC‘s wellbeing using our Star Chart tool. The results classified HOLOGIC as a ‘rhino’ – a type of company we identify as having achieved moderate revenue or earnings growth. From our analysis, we can conclude that HOLOGIC is strong in terms of asset and profitability, and medium in terms of growth. However, it is relatively weak when it comes to dividend payments. Despite this, HOLOGIC still has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of safely riding out any crisis without the risk of bankruptcy. Given these results, we predict that investors looking to invest in companies with steady revenue and earnings growth, such as mutual funds, pension funds and hedge funds, may be particularly interested in HOLOGIC. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The company’s products are used in a variety of settings, including hospitals, clinics, and physician offices. Hologic also provides a range of services, including support, training, and education. The company has a strong presence in the United States and international markets, and its products are backed by a large body of scientific research. ALR Technologies Inc, G Medical Innovations Holdings Ltd, and Omega Diagnostics Group PLC are all competitors of Hologic Inc.

    – ALR Technologies Inc ($OTCPK:ALRT)

    ALR Technologies Inc is a publicly traded company with a market capitalization of $19.32 million as of 2022. The company has a return on equity of 17.26%. ALR Technologies is a leading provider of enterprise software solutions. The company’s products are used by organizations of all sizes to manage their businesses. ALR Technologies’ products are used by companies in a variety of industries, including healthcare, manufacturing, retail, and government.

    – G Medical Innovations Holdings Ltd ($NASDAQ:GMVD)

    As of 2022, Aetna’s market cap was 5.58M and its ROE was 783.79%. Aetna is a diversified healthcare benefits company that offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans.

    – Omega Diagnostics Group PLC ($LSE:ODX)

    Omega Diagnostics Group PLC is a medical diagnostics company. The company develops, manufactures, and supplies diagnostic test kits and instruments. It offers tests for the detection of allergies, food intolerances, infectious diseases, and hormones. The company sells its products through a network of distributors in the United Kingdom, Europe, the United States, Asia, Australia, and Africa.


    Investing in Hologic Inc. has been a profitable venture for shareholders in recent years. The company’s stock has consistently outperformed the market, rising 0.29% in 2023 alone. The company’s success is likely due to its sharp focus on medical solutions, ranging from diagnostic imaging solutions to robotic-assisted surgical solutions. Media coverage of Hologic Inc. has been mostly positive, indicating that the company has a bright future ahead.

    Those looking to invest in the stock can be confident that the company is well-positioned to deliver reliable returns over the long-term. With its strong financials, superior products, and experienced leadership, Hologic Inc. is an attractive option for savvy investors.

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