Bristol-Myers Squibb Company [NYSE: BMY] jumped around 0.68 points on Monday, while shares priced at $63.38 at the close of the session, up 1.08%. The company report on March 19, 2021 that U.S. Food and Drug Administration (FDA) Accepts Bristol Myers Squibb’s Application for Mavacamten in Symptomatic Obstructive Hypertrophic Cardiomyopathy (oHCM).
U.S. FDA has assigned a target action date of January 28, 2022.
Application based on results from the Phase 3 EXPLORER-HCM trial.
Bristol-Myers Squibb Company stock is now 2.18% up from its year-to-date (YTD) trading value. BMY Stock saw the intraday high of $63.52 and lowest of $62.11 per share. The company’s 52-week high price is 67.16, which means current price is +8.11% above from all time high which was touched on 01/19/21.
Compared to the average trading volume of 12.29M shares, BMY reached a trading volume of 13083964 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 $75.13 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.
Societe Generale have made an estimate for Bristol-Myers Squibb Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 16, 2020. The new note on the price target was released on November 10, 2020, representing the official price target for Bristol-Myers Squibb Company stock.
The Average True Range (ATR) for Bristol-Myers Squibb Company is set at 1.21, with the Price to Sales ratio for BMY stock in the period of the last 12 months amounting to 3.32. The Price to Book ratio for the last quarter was 3.77, with the Price to Cash per share for the same quarter was set at 7.11. Price to Free Cash Flow for BMY in the course of the last twelve months was 15.30 with Quick ratio for the last quarter at 1.50.
How has BMY stock performed recently?
Bristol-Myers Squibb Company [BMY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.24. With this latest performance, BMY shares gained by 4.59% in over the last four-week period, additionally plugging by 6.93% over the last 6 months – not to mention a rise of 30.95% 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 63.43, with the RSI for the last a single of trading hit 72.16, and the three-weeks RSI is set at 58.51 for Bristol-Myers Squibb Company [BMY]. The present Moving Average for the last 50 days of trading for this stock 62.12, while it was recorded at 62.50 for the last single week of trading, and 60.92 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 +10.56 and a Gross Margin at +51.04. Bristol-Myers Squibb Company’s Net Margin is presently recorded at -21.20.
Return on Total Capital for BMY is now 4.76, given the latest momentum, and Return on Invested Capital for the company is -9.87. Return on Equity for this stock declined to -20.16, with Return on Assets sitting at -7.26. 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 136.62. Additionally, BMY Total Debt to Total Capital is recorded at 57.74, with Total Debt to Total Assets ending up at 43.61. Long-Term Debt to Equity for the company is recorded at 130.00, with the Long-Term Debt to Total Capital now at 54.94.
Reflecting on the efficiency of the workforce at the company, Bristol-Myers Squibb Company [BMY] managed to generate an average of -$298,017 per employee. Receivables Turnover for the company is 4.54 with a Total Asset Turnover recorded at a value of 0.34.Bristol-Myers Squibb Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.60.
Earnings analysis for Bristol-Myers Squibb Company [BMY]
With the latest financial reports released by the company, Bristol-Myers Squibb Company posted 1.72/share EPS, while the average EPS was predicted by analysts to be reported at 1.49/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 15.40%. 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 9.70%.
Insider trade positions for Bristol-Myers Squibb Company [BMY]
There are presently around $105,401 million, or 76.30% of BMY stock, in the hands of institutional investors. The top three institutional holders of BMY stocks are: VANGUARD GROUP INC with ownership of 199,340,458, which is approximately -0.362% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 172,464,804 shares of the stock with an approximate value of $10.81 billion in BMY stocks shares; and STATE STREET CORP, currently with $5.9 billion in BMY stock with ownership of nearly -3.413% of the company’s market capitalization.
Positions in Bristol-Myers Squibb Company stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 1,220 institutional holders increased their position in Bristol-Myers Squibb Company [NYSE:BMY] by around 93,042,429 shares. Additionally, 992 investors decreased positions by around 98,215,768 shares, while 261 investors held positions by with 1,471,750,444 shares. The mentioned changes placed institutional holdings at 1,663,008,641 shares, according to the latest SEC report filing. BMY stock had 258 new institutional investments in for a total of 16,062,861 shares, while 111 institutional investors sold positions of 7,098,518 shares during the same period.