Additionally, the 36-month beta value for BLCO is 0.48. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for BLCO is 38.79M and currently, short sellers hold a 3.72% ratio of that float. The average trading volume of BLCO on October 14, 2024 was 755.84K shares.
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BLCO) stock’s latest price update
The stock price of Bausch + Lomb Corp (NYSE: BLCO) has jumped by 7.14 compared to previous close of 19.47. Despite this, the company has seen a gain of 11.08% in its stock price over the last five trading days. benzinga.com reported 2024-09-22 that This week, the Federal Reserve’s decision to reduce interest rates by 50 basis points boosted share prices across the technology, construction, industrial, machinery, and financial sectors.
BLCO’s Market Performance
BLCO’s stock has risen by 11.08% in the past week, with a monthly rise of 34.15% and a quarterly rise of 25.21%. The volatility ratio for the week is 2.86% while the volatility levels for the last 30 days are 3.17% for Bausch + Lomb Corp The simple moving average for the past 20 days is 8.34% for BLCO’s stock, with a 31.33% simple moving average for the past 200 days.
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 20.71% 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 -0.67% of loss for the given period.
Volatility was left at 3.17%, however, over the last 30 days, the volatility rate increased by 2.86%, as shares surge +17.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.60% upper at present.
During the last 5 trading sessions, BLCO rose by +11.82%, which changed the moving average for the period of 200-days by +27.66% in comparison to the 20-day moving average, which settled at $19.26. In addition, Bausch + Lomb Corp saw 22.27% 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 2.61. 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 seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
