Bausch Health Companies Inc (BHC) concluded trading on Thursday at a closing price of $6.17, with 2.34 million shares of worth about $14.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.95% during that period and and on June 13, 2024 the price saw a loss of about -2.22%. Currently the company’s common shares owned by public are about 365.24M shares, out of which, 357.66M shares are available for trading.
Stock saw a price change of -0.96% in past 5 days and over the past one month there was a price change of -13.34%. Year-to-date (YTD), BHC shares are showing a performance of -23.07% which decreased to -17.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.09 but also hit the highest price of $11.46 during that period. The average intraday trading volume for Bausch Health Companies Inc shares is 3.01 million. The stock is currently trading -3.80% below its 20-day simple moving average (SMA20), while that difference is down -19.43% for SMA50 and it goes to -22.72% lower than SMA200.
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Bausch Health Companies Inc (NYSE: BHC) currently have 365.24M outstanding shares and institutions hold larger chunk of about 78.05% of that.
The stock has a current market capitalization of $2.26B and its 3Y-monthly beta is at 0.76. It has posted earnings per share of -$1.24 in the same period. It has Quick Ratio of 0.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BHC, volatility over the week remained 3.40% while standing at 3.36% over the month.
Stock’s fiscal year EPS is expected to rise by 4.59% while it is estimated to increase by 16.09% in next year. EPS is likely to shrink at an annualized rate of 2.60% for next 5-years, compared to annual growth of 32.76% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on September 20, 2023 offering a Buy rating for the stock and assigned a target price range of between $9 and $16 to it. On July 29, 2022, Truist Downgrade their recommendations, while on July 29, 2022, RBC Capital Mkts Downgrade their ratings for the stock with a price target of $5. Stock get a Neutral rating from JP Morgan on July 28, 2022.
