Bristol-Myers Squibb Company [NYSE: BMY] traded at a low on 06/15/20, posting a -1.90 loss after which it closed the day’ session at $55.10. The results of the trading session contributed to over 21548099 shares changing hands. Over the past one week, the price volatility of Bristol-Myers Squibb Company stands at 3.66% while the volatility over the past one month is 2.66%.
The market cap for BMY stock reached $125.87 billion, with 2.26 billion shares outstanding and 2.26 billion shares in the current float. Compared to the average trading volume of 16.63M shares, BMY reached a trading volume of 21548099 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Bristol-Myers Squibb Company [BMY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BMY shares is $71.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BMY stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Bristol-Myers Squibb Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 02, 2020. The new note on the price target was released on March 23, 2020, representing the official price target for Bristol-Myers Squibb Company stock. Previously, the target price had yet another raise to $69, while Barclays analysts kept a Equal Weight rating on BMY stock.
The Average True Range (ATR) for Bristol-Myers Squibb Company is set at 1.68, with the Price to Sales ratio for BMY stock in the period of the last 12 months amounting to 4.06. The Price to Book ratio for the last quarter was 2.49, with the Price to Cash per share for the same quarter was set at 8.02. Price to Free Cash Flow for BMY in the course of the last twelve months was 18.71 with Quick ratio for the last quarter at 1.50.
How has BMY stock performed recently?
Bristol-Myers Squibb Company [BMY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.30. With this latest performance, BMY shares dropped by -13.60% in over the last four-week period, additionally sinking by -13.83% over the last 6 months – not to mention a rise of 15.85% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BMY stock in for the last two-week period is set at 24.80, with the RSI for the last a single of trading hit 16.91, and the three-weeks RSI is set at 32.82 for Bristol-Myers Squibb Company [BMY]. The present Moving Average for the last 50 days of trading for this stock 60.52, while it was recorded at 57.81 for the last single week of trading, and 58.38 for the last 200 days.
Bristol-Myers Squibb Company [BMY]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Bristol-Myers Squibb Company [BMY] shares currently have an operating margin of +24.63 and a Gross Margin at +65.98. Bristol-Myers Squibb Company’s Net Margin is presently recorded at +13.15.
Return on Total Capital for BMY is now 10.67, given the latest momentum, and Return on Invested Capital for the company is 5.96. Return on Equity for this stock inclined to 10.48, with Return on Assets sitting at 4.17. When it comes to the capital structure of this company, Bristol-Myers Squibb Company [BMY] has a Total Debt to Total Equity ratio set at 92.13. Additionally, BMY Total Debt to Total Capital is recorded at 47.95, with Total Debt to Total Assets ending up at 36.58. Long-Term Debt to Equity for the company is recorded at 85.39, with the Long-Term Debt to Total Capital now at 44.44.
Reflecting on the efficiency of the workforce at the company, Bristol-Myers Squibb Company [BMY] managed to generate an average of $114,633 per employee. Receivables Turnover for the company is 3.68 with a Total Asset Turnover recorded at a value of 0.32.Bristol-Myers Squibb Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.70.
Earnings analysis for Bristol-Myers Squibb Company [BMY]
With the latest financial reports released by the company, Bristol-Myers Squibb Company posted 1.18/share EPS, while the average EPS was predicted by analysts to be reported at 1.06/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BMY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bristol-Myers Squibb Company go to 17.90%.
Insider trade positions for Bristol-Myers Squibb Company [BMY]
There are presently around $96,597 million, or 77.20% of BMY stock, in the hands of institutional investors. The top three institutional holders of BMY stocks are: VANGUARD GROUP INC with ownership of 198,903,915, which is approximately 2.075% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 170,486,576 shares of the stock with an approximate value of $9.58 billion in BMY stocks shares; and STATE STREET CORP, currently with $5.66 billion in BMY stock with ownership of nearly 1.025% of the company’s market capitalization.
Positions in Bristol-Myers Squibb Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 985 institutional holders increased their position in Bristol-Myers Squibb Company [NYSE:BMY] by around 84,725,504 shares. Additionally, 1,148 investors decreased positions by around 133,976,666 shares, while 233 investors held positions by with 1,501,020,378 shares. The mentioned changes placed institutional holdings at 1,719,722,548 shares, according to the latest SEC report filing. BMY stock had 141 new institutional investments in for a total of 13,008,191 shares, while 182 institutional investors sold positions of 14,613,911 shares during the same period.