Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Bausch + Lomb Corp (NYSE: BLCO) closed the day trading at $17.44 up 0.98% from the previous closing price of $17.27. In other words, the price has increased by $0.98 from its previous closing price. On the day, 0.86 million shares were traded. BLCO stock price reached its highest trading level at $17.46 during the session, while it also had its lowest trading level at $17.005.
Ratios:
For a better understanding of BLCO, let’s look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 6169574400 and an Enterprise Value of 10513740800. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 2.245 whereas that against EBITDA is 16.557.
Stock Price History:
The Beta on a monthly basis for BLCO is 0.47, which has changed by 0.18368745 over the last 52 weeks, in comparison to a change of 0.22677135 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 -7.89%, while the 200-Day Moving Average is calculated to be 2.22%.
Shares Statistics:
Over the past 3-months, BLCO traded about 485.40K shares per day on average, while over the past 10 days, BLCO traded about 398440 shares per day. A total of 352.08M shares are outstanding, with a floating share count of 34.93M. Insiders hold about 90.08% of the company’s shares, while institutions hold 9.50% stake in the company. Shares short for BLCO as of 1735603200 were 1215014 with a Short Ratio of 2.50, compared to 1732838400 on 1075392. Therefore, it implies a Short% of Shares Outstanding of 1215014 and a Short% of Float of 2.94.
