In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Bausch + Lomb Corp (NYSE: BLCO) closed at $13.60 down -1.88% from its previous closing price of $13.86. In other words, the price has decreased by -$1.88 from its previous closing price. On the day, 0.53 million shares were traded. BLCO stock price reached its highest trading level at $14.35 during the session, while it also had its lowest trading level at $13.53.
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 1.03 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.68.
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, Evercore ISI on January 04, 2024, Downgraded its rating to In-line and sets its target price to $17 from $19 previously.
On December 12, 2023, Stifel started tracking the stock assigning a Hold rating and target price of $16.
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 4780154880. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 0.72.
Stock Price History:
Over the past 52 weeks, BLCO has reached a high of $21.95, while it has fallen to a 52-week low of $13.16. The 50-Day Moving Average of the stock is -14.13%, while the 200-Day Moving Average is calculated to be -17.09%.
Shares Statistics:
For the past three months, BLCO has traded an average of 495.75K shares per day and 547180 over the past ten days. A total of 350.91M shares are outstanding, with a floating share count of 38.31M. Insiders hold about 89.09% of the company’s shares, while institutions hold 11.16% stake in the company. Shares short for BLCO as of 1713139200 were 1628573 with a Short Ratio of 3.29, compared to 1710460800 on 1227079. Therefore, it implies a Short% of Shares Outstanding of 1628573 and a Short% of Float of 4.01.
