The stock of Bausch + Lomb Corp (NYSE: BLCO) has decreased by -5.50 when compared to last closing price of 14.54. Despite this, the company has experienced a -7.79% fall in its stock price over the last five trading sessions. Business Wire reported 2024-04-15 that VAUGHAN, Ontario–(BUSINESS WIRE)–Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, will release its first-quarter 2024 financial results on Wednesday, May 1, 2024. Bausch + Lomb will host a conference call and live webcast at 8 a.m. ET to discuss the results and provide a business update. All materials will be made available on the Investor Relations section of the Bausch + Lomb website prior to the start of.
Is It Worth Investing in Bausch + Lomb Corp (NYSE: BLCO) Right Now?
BLCO has 36-month beta value of 0.47. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BLCO is 38.30M, and currently, short sellers hold a 4.25% ratio of that float. The average trading volume of BLCO on May 02, 2024 was 458.68K shares.
BLCO’s Market Performance
BLCO stock saw a decrease of -7.79% in the past week, with a monthly decline of -16.32% and a quarterly a decrease of -1.93%. The volatility ratio for the week is 3.22%, and the volatility levels for the last 30 days are 3.90% for Bausch + Lomb Corp (BLCO). The simple moving average for the last 20 days is -8.94% for BLCO stock, with a simple moving average of -16.57% for the last 200 days.
Analysts’ Opinion of BLCO
Many brokerage firms have already submitted their reports for BLCO stocks, with Evercore ISI repeating the rating for BLCO by listing it as a “In-line.” The predicted price for BLCO in the upcoming period, according to Evercore ISI is $17 based on the research report published on January 04, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see BLCO reach a price target of $16. The rating they have provided for BLCO stocks is “Hold” according to the report published on December 12th, 2023.
Evercore ISI gave a rating of “Outperform” to BLCO, setting the target price at $20 in the report published on October 03rd of the previous year.
BLCO Trading at -13.64% from the 50-Day Moving Average
After a stumble in the market that brought BLCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.40% of loss for the given period.
Volatility was left at 3.90%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares sank -16.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.83% lower at present.
During the last 5 trading sessions, BLCO fell by -7.79%, which changed the moving average for the period of 200-days by -33.43% in comparison to the 20-day moving average, which settled at $14.95. In addition, Bausch + Lomb Corp saw -19.46% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BLCO
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.71 for the gross margin
The net margin for Bausch + Lomb Corp stands at -0.08. The total capital return value is set at 0.01. Equity return is now at value -3.75, with -2.12 for asset returns.
Based on Bausch + Lomb Corp (BLCO), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 1.03.
Currently, EBITDA for the company is 601.0 million with net debt to EBITDA at 10.97. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 4.69for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.
Conclusion
To put it simply, Bausch + Lomb Corp (BLCO) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” 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.
