The stock of Bausch + Lomb Corp (BLCO) has seen a 12.44% increase in the past week, with a 9.99% gain in the past month, and a 17.35% flourish in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.44% for BLCO. The simple moving average for the last 20 days is 10.53% for BLCO’s stock, with a simple moving average of 14.32% for the last 200 days.
Is It Worth Investing in Bausch + Lomb Corp (NYSE: BLCO) Right Now?
The 36-month beta value for BLCO is at 0.47. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for BLCO is 38.79M, and currently, shorts hold a 5.69% of that float. The average trading volume for BLCO on September 16, 2024 was 575.22K shares.
BLCO) stock’s latest price update
Bausch + Lomb Corp (NYSE: BLCO)’s stock price has soared by 13.88 in relation to previous closing price of 15.55. Nevertheless, the company has seen a gain of 12.44% in its stock price over the last five trading days. proactiveinvestors.com reported 2024-09-16 that Bausch & Lomb stock surged on reports the American-Canadian eye health products firm is exploring a sale as it seeks to resolve issues related to its separation from its debt-laden parent company Bausch Health Cos Inc (NYSE:BHC). According to a Financial Times report citing people familiar with the matter, Bausch & Lomb is working with Goldman Sachs to gauge interest from potential buyers.
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 10.30% 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 -0.79% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +10.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.24% upper at present.
During the last 5 trading sessions, BLCO rose by +12.38%, which changed the moving average for the period of 200-days by +19.03% in comparison to the 20-day moving average, which settled at $16.11. In addition, Bausch + Lomb Corp saw 3.80% 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 BLCO starting from SAUNDERS BRENT L, who purchase 32,250 shares at the price of $15.66 back on Aug 05 ’24. After this action, SAUNDERS BRENT L now owns 595,169 shares of Bausch + Lomb Corp, valued at $505,067 using the latest closing price.
Stock Fundamentals for BLCO
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.58 for the gross margin
The net margin for Bausch + Lomb Corp stands at -0.1. The total capital return value is set at 0.01. Equity return is now at value -6.77, with -3.71 for asset returns.
Based on Bausch + Lomb Corp (BLCO), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 0.38.
Currently, EBITDA for the company is 601.0 million with net debt to EBITDA at 7.82. When we switch over and look at the enterprise to sales, we see a ratio of 2.34. The receivables turnover for the company is 4.45for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
In conclusion, Bausch + Lomb Corp (BLCO) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
