Bristol-Myers Squibb Co. (NYSE: BMY) has a higher price-to-earnings ratio of 14.06x compared to its average ratio, The 36-month beta value for BMY is at 0.38. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 19 as “hold,” and 1 as “sell.”
The public float for BMY is 2.02B, and currently, shorts hold a 1.84% of that float. The average trading volume for BMY on April 01, 2024 was 16.72M shares.
BMY) stock’s latest price update
The stock price of Bristol-Myers Squibb Co. (NYSE: BMY) has surged by 1.84 when compared to previous closing price of 53.25, but the company has seen a 5.12% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-29 that Biotech is an industry full of opportunity. It’s also known as one of the riskiest sectors to invest in.
BMY’s Market Performance
BMY’s stock has risen by 5.12% in the past week, with a monthly rise of 6.50% and a quarterly rise of 5.90%. The volatility ratio for the week is 1.64% while the volatility levels for the last 30 days are 1.97% for Bristol-Myers Squibb Co. The simple moving average for the past 20 days is 3.50% for BMY’s stock, with a -2.54% simple moving average for the past 200 days.
Analysts’ Opinion of BMY
Redburn Atlantic, on the other hand, stated in their research note that they expect to see BMY reach a price target of $54, previously predicting the price at $77. The rating they have provided for BMY stocks is “Neutral” according to the report published on February 06th, 2024.
BofA Securities gave a rating of “Neutral” to BMY, setting the target price at $60 in the report published on January 03rd of the current year.
BMY Trading at 6.77% 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 -23.69% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares surge +6.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.50% upper at present.
During the last 5 trading sessions, BMY rose by +5.12%, which changed the moving average for the period of 200-days by -16.26% in comparison to the 20-day moving average, which settled at $52.57. In addition, Bristol-Myers Squibb Co. saw 5.69% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BMY starting from BOERNER CHRISTOPHER S., who purchase 2,000 shares at the price of $49.78 back on Dec 05 ’23. After this action, BOERNER CHRISTOPHER S. now owns 82,672 shares of Bristol-Myers Squibb Co., valued at $99,560 using the latest closing price.
BOERNER CHRISTOPHER S., the Chief Executive Officer of Bristol-Myers Squibb Co., purchase 3,071 shares at $48.86 during a trade that took place back on Nov 28 ’23, which means that BOERNER CHRISTOPHER S. is holding 79,384 shares at $150,049 based on the most recent closing price.
Stock Fundamentals for BMY
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.76 for the gross margin
The net margin for Bristol-Myers Squibb Co. stands at 0.18. The total capital return value is set at 0.18. Equity return is now at value 26.53, with 8.36 for asset returns.
Based on Bristol-Myers Squibb Co. (BMY), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 1.41. The interest coverage ratio of the stock is 11.06.
Currently, EBITDA for the company is 19.18 billion with net debt to EBITDA at 1.66. When we switch over and look at the enterprise to sales, we see a ratio of 3.1. The receivables turnover for the company is 2.95for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
In conclusion, Bristol-Myers Squibb Co. (BMY) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
