Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Bausch + Lomb Corp (NYSE: BLCO) closed at $16.24 up 0.87% from its previous closing price of $16.10. In other words, the price has increased by $0.87 from its previous closing price. On the day, 0.71 million shares were traded. BLCO stock price reached its highest trading level at $16.37 during the session, while it also had its lowest trading level at $15.8312.
Ratios:
For a deeper understanding of Bausch + Lomb Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.70.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on December 11, 2024, Downgraded its rating to Neutral and sets its target price to $22 from $24 previously.
On December 02, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight but kept the price unchanged to $19.
Evercore ISI Upgraded its In-line to Outperform on October 15, 2024, whereas the target price for the stock was revised from $19 to $25.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 05 ’24 when SAUNDERS BRENT L bought 32,250 shares for $15.66 per share. The transaction valued at 505,067 led to the insider holds 595,169 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLCO now has a Market Capitalization of 5719143424 and an Enterprise Value of 10091144192. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 2.154 whereas that against EBITDA is 15.892.
Stock Price History:
The Beta on a monthly basis for BLCO is 0.47, which has changed by 0.14672363 over the last 52 weeks, in comparison to a change of 0.21659255 over the same period for the S&P500. Over the past 52 weeks, BLCO has reached a high of $21.69, while it has fallen to a 52-week low of $13.16. The 50-Day Moving Average of the stock is -10.24%, while the 200-Day Moving Average is calculated to be -5.66%.
Shares Statistics:
For the past three months, BLCO has traded an average of 541.98K shares per day and 804450 over the past ten days. A total of 352.08M shares are outstanding, with a floating share count of 34.77M. Insiders hold about 90.13% of the company’s shares, while institutions hold 9.52% stake in the company. Shares short for BLCO as of 1736899200 were 1261993 with a Short Ratio of 2.33, compared to 1734048000 on 1205587. Therefore, it implies a Short% of Shares Outstanding of 1261993 and a Short% of Float of 3.05.
