In the past week, BLCO stock has gone up by 5.50%, with a monthly gain of 16.93% and a quarterly surge of 17.33%. The volatility ratio for the week is 8.99%, and the volatility levels for the last 30 days are 4.05% for Bausch + Lomb Corp The simple moving average for the last 20 days is 6.46% for BLCO stock, with a simple moving average of 9.84% for the last 200 days.
Is It Worth Investing in Bausch + Lomb Corp (NYSE: BLCO) Right Now?
The stock has a 36-month beta value of 0.43. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for BLCO is 38.31M, and at present, short sellers hold a 5.38% of that float. On July 31, 2024, the average trading volume of BLCO was 572.56K shares.
BLCO) stock’s latest price update
Bausch + Lomb Corp (NYSE: BLCO)’s stock price has plunge by 1.13relation to previous closing price of 16.87. Nevertheless, the company has seen a 5.50% surge in its stock price over the last five trading sessions. zacks.com reported 2024-07-31 that While the top- and bottom-line numbers for Bausch + Lomb (BLCO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Analysts’ Opinion of BLCO
Many brokerage firms have already submitted their reports for BLCO stocks, with Raymond James repeating the rating for BLCO by listing it as a “Outperform.” The predicted price for BLCO in the upcoming period, according to Raymond James is $19 based on the research report published on July 10, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see BLCO reach a price target of $18, previously predicting the price at $16. The rating they have provided for BLCO stocks is “Overweight” according to the report published on May 06th, 2024.
Evercore ISI gave a rating of “In-line” to BLCO, setting the target price at $17 in the report published on January 04th of the current year.
BLCO Trading at 10.80% 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 -15.96% of loss for the given period.
Volatility was left at 4.05%, however, over the last 30 days, the volatility rate increased by 8.99%, as shares surge +15.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.90% upper at present.
During the last 5 trading sessions, BLCO rose by +5.01%, which changed the moving average for the period of 200-days by +1.80% in comparison to the 20-day moving average, which settled at $16.14. In addition, Bausch + Lomb Corp saw 0.00% 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 2.37. 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
To sum up, Bausch + Lomb Corp (BLCO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
