Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Bausch Health Companies Inc (NYSE: BHC) closed at $7.21 in the last session, up 0.84% from day before closing price of $7.15. In other words, the price has increased by $0.84 from its previous closing price. On the day, 1.03 million shares were traded.
Ratios:
We take a closer look at BHC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.16. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.86.
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, Piper Sandler on August 02, 2024, Downgraded its rating to Underweight and sets its target price to $3 from $9 previously.
On July 10, 2024, Raymond James started tracking the stock assigning a Mkt Perform rating and target price of $8.
Jefferies Upgraded its Hold to Buy on September 20, 2023, whereas the target price for the stock was revised from $9 to $16.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 02 ’24 when Carson Seana sold 440 shares for $8.35 per share. The transaction valued at 3,674 led to the insider holds 433,066 shares of the business.
Carson Seana bought 440 shares of BHC for $3,674 on Dec 02 ’24. On Sep 06 ’24, another insider, Carson Seana, who serves as the EVP, General Counsel of the company, sold 13,370 shares for $6.21 each. As a result, the insider received 83,028 and left with 435,198 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28.
Stock Price History:
Over the past 52 weeks, BHC has reached a high of $11.46, while it has fallen to a 52-week low of $3.96. The 50-Day Moving Average of the stock is -1.63%, while the 200-Day Moving Average is calculated to be -0.53%.
Shares Statistics:
A total of 367.84M shares are outstanding, with a floating share count of 289.90M. Insiders hold about 21.21% of the company’s shares, while institutions hold 59.64% stake in the company.
