Bristol-Myers Squibb Company (NYSE: BMY) has seen a decline in its stock price by -0.77 in relation to its previous close of 59.49. However, the company has experienced a -2.94% decline in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-14 that It’s been a rough year to invest in pharma stocks. The industry is adjusting to a sector that is less reliant on Covid-19 vaccines and is adapting to the effects of inflation as well as pressure from regulators to cap the price of many drugs.
Is It Worth Investing in Bristol-Myers Squibb Company (NYSE: BMY) Right Now?
Bristol-Myers Squibb Company (NYSE: BMY) has a higher price-to-earnings ratio of 15.71x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.41. Analysts have mixed views on the stock, with 12 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 2 as “sell.”
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The average price point forecasted by analysts for Bristol-Myers Squibb Company (BMY) is $72.40, which is $12.97 above the current market price. The public float for BMY is 2.09B, and currently, short sellers hold a 2.10% ratio of that float. The average trading volume of BMY on September 18, 2023 was 10.42M shares.
BMY’s Market Performance
The stock of Bristol-Myers Squibb Company (BMY) has seen a -2.94% decrease in the past week, with a -3.12% drop in the past month, and a -8.72% fall in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 1.57% for BMY. The simple moving average for the past 20 days is -3.60% for BMY’s stock, with a -13.08% simple moving average for the past 200 days.
Analysts’ Opinion of BMY
Many brokerage firms have already submitted their reports for BMY stocks, with HSBC Securities repeating the rating for BMY by listing it as a “Reduce.” The predicted price for BMY in the upcoming period, according to HSBC Securities is $56 based on the research report published on July 14, 2023 of the current year 2023.
BMY Trading at -4.37% from the 50-Day Moving Average
After a stumble in the market that brought BMY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.51% of loss for the given period.
Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -5.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.95% lower at present.
During the last 5 trading sessions, BMY fell by -2.94%, which changed the moving average for the period of 200-days by -25.41% in comparison to the 20-day moving average, which settled at $61.08. In addition, Bristol-Myers Squibb Company saw -17.96% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BMY starting from Powell Ann, who sale 17,986 shares at the price of $61.25 back on Aug 24. After this action, Powell Ann now owns 27,868 shares of Bristol-Myers Squibb Company, valued at $1,101,642 using the latest closing price.
Plenge Robert M, the EVP, Chief Research Officer of Bristol-Myers Squibb Company, sale 732 shares at $61.14 during a trade that took place back on Aug 03, which means that Plenge Robert M is holding 6,584 shares at $44,754 based on the most recent closing price.
Stock Fundamentals for BMY
Current profitability levels for the company are sitting at:
- +20.08 for the present operating margin
- +57.39 for the gross margin
The net margin for Bristol-Myers Squibb Company stands at +13.71. The total capital return value is set at 12.08, while invested capital returns managed to touch 8.80. Equity return is now at value 25.00, with 8.30 for asset returns.
Based on Bristol-Myers Squibb Company (BMY), the company’s capital structure generated 131.09 points at debt to equity in total, while total debt to capital is 56.73. Total debt to assets is 42.05, with long-term debt to equity ratio resting at 116.92. Finally, the long-term debt to capital ratio is 50.60.
When we switch over and look at the enterprise to sales, we see a ratio of 3.42, with the company’s debt to enterprise value settled at 0.22. The receivables turnover for the company is 3.49 and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To put it simply, Bristol-Myers Squibb Company (BMY) has had a bad performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
