Stick With Bristol-Myers Squibb Co. (BMY). The Bull Are Alive And Well

Currently, there are 2.03B common shares owned by the public and among those 2.03B shares have been available to trade.

The company’s stock has a 5-day price change of 3.82% and 21.56% over the past three months. BMY shares are trading -2.65% year to date (YTD), with the 12-month market performance down to -19.93% lower. It has a 12-month low price of $39.35 and touched a high of $63.03 over the same period. BMY has an average intraday trading volume of 15.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.60%, 10.94%, and 4.60% respectively.

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Institutional ownership of Bristol-Myers Squibb Co. (NYSE: BMY) shares accounts for 79.66% of the company’s 2.03B shares outstanding.

It has a market capitalization of $101.27B and a beta (3y monthly) value of 0.46. The earnings-per-share (ttm) stands at -$3.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.05% over the week and 2.39% over the month.

Earnings per share for the fiscal year are expected to decrease by -90.05%, and 831.15% over the next financial year. EPS should shrink at an annualized rate of -4.81% over the next five years, compared to 5.14% over the past 5-year period.

Looking at the support for the BMY, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on July 29, 2024, with the firm’s price target at $41. Redburn Atlantic was of a view on February 06, 2024 that the stock is Neutral, while BofA Securities gave the stock Neutral rating on January 03, 2024, issuing a price target of $68- $60. Cantor Fitzgerald on their part issued Neutral rating on November 15, 2023.

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