The stock of Bausch + Lomb Corp (NYSE: BLCO) has increased by 3.24 when compared to last closing price of 14.81. Despite this, the company has experienced a 10.32% gain 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?
The 36-month beta value for BLCO is also noteworthy at 0.47. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BLCO is 38.31M, and at present, short sellers hold a 4.25% of that float. The average trading volume of BLCO on May 10, 2024 was 529.93K shares.
BLCO’s Market Performance
BLCO stock saw a decrease of 10.32% in the past week, with a monthly decline of -2.24% and a quarterly a decrease of 10.16%. The volatility ratio for the week is 4.58%, and the volatility levels for the last 30 days are 4.50% for Bausch + Lomb Corp (BLCO). The simple moving average for the past 20 days is 5.51% for BLCO’s stock, with a -6.13% simple moving average for the past 200 days.
Analysts’ Opinion of BLCO
Many brokerage firms have already submitted their reports for BLCO stocks, with Morgan Stanley repeating the rating for BLCO by listing it as a “Overweight.” The predicted price for BLCO in the upcoming period, according to Morgan Stanley is $18 based on the research report published on May 06, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see BLCO reach a price target of $17, previously predicting the price at $19. The rating they have provided for BLCO stocks is “In-line” according to the report published on January 04th, 2024.
Stifel gave a rating of “Hold” to BLCO, setting the target price at $16 in the report published on December 12th of the previous year.
BLCO Trading at -2.08% 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 -30.34% of loss for the given period.
Volatility was left at 4.50%, however, over the last 30 days, the volatility rate increased by 4.58%, as shares surge +1.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.26% lower at present.
During the last 5 trading sessions, BLCO rose by +10.32%, which changed the moving average for the period of 200-days by -22.86% in comparison to the 20-day moving average, which settled at $14.51. In addition, Bausch + Lomb Corp saw -10.38% 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
- 0.59 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 -4.94, with -2.76 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 0.44.
Currently, EBITDA for the company is 601.0 million with net debt to EBITDA at 8.38. When we switch over and look at the enterprise to sales, we see a ratio of 2.23. The receivables turnover for the company is 4.49for 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 1.70.
Conclusion
In summary, Bausch + Lomb Corp (BLCO) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
