Bausch + Lomb Corp (BLCO) concluded trading on Wednesday at a closing price of $16.17, with 5.99 million shares of worth about $96.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.98% during that period and on July 24, 2024 the price saw a loss of about -5.05%. Currently the company’s common shares owned by public are about 350.91M shares, out of which, 38.31M shares are available for trading.
Stock saw a price change of -3.46% in past 5 days and over the past one month there was a price change of 8.23%. Year-to-date (YTD), BLCO shares are showing a performance of -5.22% which decreased to -17.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.16 but also hit the highest price of $20.42 during that period. The average intraday trading volume for Bausch + Lomb Corp shares is 425.71K. The stock is currently trading 3.34% above its 20-day simple moving average (SMA20), while that difference is up 5.81% for SMA50 and it goes to 3.94% higher than SMA200.
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Bausch + Lomb Corp (NYSE: BLCO) currently have 350.91M outstanding shares and institutions hold larger chunk of about 11.08% of that.
The stock has a current market capitalization of $5.68B and its 3Y-monthly beta is at 0.48. It has posted earnings per share of -$0.96 in the same period. It has Quick Ratio of 1.03 while making debt-to-equity ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BLCO, volatility over the week remained 6.46% while standing at 3.35% over the month.
Stock’s fiscal year EPS is expected to drop by -13.75% while it is estimated to increase by 36.86% in next year.
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 Raymond James on July 10, 2024 offering an Outperform rating for the stock and assigned a target price of $19 to it. Coverage by Morgan Stanley stated Bausch + Lomb Corp (BLCO) stock as an Overweight in their note to investors on May 06, 2024, suggesting a price target of $18 for the stock. On January 04, 2024, Evercore ISI Downgrade their recommendations, while on December 12, 2023, Stifel Initiated their ratings for the stock with a price target of $16. Stock get an Outperform rating from Evercore ISI on October 03, 2023.
