In the past week, BHC stock has gone down by -13.51%, with a monthly decline of -26.22% and a quarterly plunge of -1.16%. The volatility ratio for the week is 5.37%, and the volatility levels for the last 30 days are 5.19% for Bausch Health Companies Inc The simple moving average for the past 20 days is -11.77% for BHC’s stock, with a -7.37% simple moving average for the past 200 days.
Is It Worth Investing in Bausch Health Companies Inc (NYSE: BHC) Right Now?
The 36-month beta value for BHC is at 0.88. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BHC is 356.59M, and currently, shorts hold a 5.81% of that float. The average trading volume for BHC on May 06, 2024 was 2.94M shares.
BHC) stock’s latest price update
The stock price of Bausch Health Companies Inc (NYSE: BHC) has plunged by -1.79 when compared to previous closing price of 7.82, but the company has seen a -13.51% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that Bausch’s (BHC) first-quarter earnings and sales miss their respective estimates. Its shares fall in response to the results.
Analysts’ Opinion of BHC
Many brokerage firms have already submitted their reports for BHC stocks, with Jefferies repeating the rating for BHC by listing it as a “Buy.” The predicted price for BHC in the upcoming period, according to Jefferies is $16 based on the research report published on September 20, 2023 of the previous year 2023.
BHC Trading at -16.85% from the 50-Day Moving Average
After a stumble in the market that brought BHC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.98% of loss for the given period.
Volatility was left at 5.19%, however, over the last 30 days, the volatility rate increased by 5.37%, as shares sank -20.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.29% lower at present.
During the last 5 trading sessions, BHC fell by -13.46%, which changed the moving average for the period of 200-days by -19.86% in comparison to the 20-day moving average, which settled at $8.60. In addition, Bausch Health Companies Inc saw -4.24% 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 BHC starting from Carson Seana, who sale 6,313 shares at the price of $9.80 back on Mar 04 ’24. After this action, Carson Seana now owns 499,905 shares of Bausch Health Companies Inc, valued at $61,867 using the latest closing price.
Carson Seana, the EVP, General Counsel of Bausch Health Companies Inc, sale 220 shares at $7.38 during a trade that took place back on Dec 05 ’23, which means that Carson Seana is holding 382,925 shares at $1,624 based on the most recent closing price.
Stock Fundamentals for BHC
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.96 for the gross margin
The net margin for Bausch Health Companies Inc stands at -0.0. The total capital return value is set at 0.05.
Based on Bausch Health Companies Inc (BHC), the company’s capital structure generated 1.05 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at -19.8. The interest coverage ratio of the stock is -0.54.
Currently, EBITDA for the company is 2.89 billion with net debt to EBITDA at -19.74. When we switch over and look at the enterprise to sales, we see a ratio of 2.69. The receivables turnover for the company is 4.38for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
Conclusion
In conclusion, Bausch Health Companies Inc (BHC) has had a bad performance lately. Opinion on the stock among analysts is mixed, 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.
