Bristol-Myers Squibb Company [NYSE: BMY] closed the trading session at $63.31 on 03/30/21. The day’s price range saw the stock hit a low of $63.17, while the highest price level was $64.08. The company report on March 30, 2021 that Huyabio International Announces Global Clinical Trial Collaboration With Bristol Myers Squibb In Melanoma.
Global Phase 3 pivotal trial to combine HUYABIO’s HBI-8000 with Opdivo® (nivolumab) in melanoma.
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HUYABIO International (HUYABIO™), the leader in accelerating global development of China’s pharmaceutical innovations, announced that it had entered into a clinical collaboration agreement with Bristol-Myers Squibb Company (NYSE: BMY) to evaluate the combination of HUYABIO’s HBI-8000, an epigenetic immunomodifier, and Opdivo® (nivolumab), a PD-1 blocking antibody. The Phase 3 trial is designed to evaluate the safety and efficacy of the combination in subjects with unresectable or metastatic melanoma not previously treated with anti-PD-1 therapy.
The stocks have a year to date performance of 2.06 percent and weekly performance of 1.10 percent. The stock has been moved at 6.03 percent over the last six months. The stock has performed 2.73 percent around the most recent 30 days and changed 3.58 percent over the most recent 3-months.
If compared to the average trading volume of 12.72M shares, BMY reached to a volume of 12222970 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $75.38 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 1.14, with the Price to Sales ratio for BMY stock in the period of the last 12 months amounting to 3.28. 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 7.20. Price to Free Cash Flow for BMY in the course of the last twelve months was 15.10 with Quick ratio for the last quarter at 1.50.
BMY stock trade performance evaluation
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 1.10. With this latest performance, BMY shares gained by 2.73% in over the last four-week period, additionally plugging by 6.03% over the last 6 months – not to mention a rise of 16.40% 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 58.06, with the RSI for the last a single of trading hit 59.66, and the three-weeks RSI is set at 55.99 for Bristol-Myers Squibb Company [BMY]. The present Moving Average for the last 50 days of trading for this stock 61.90, while it was recorded at 63.28 for the last single week of trading, and 61.03 for the last 200 days.
Bristol-Myers Squibb Company [BMY]: An insightful look at the core 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 per share (EPS) analysis for Bristol-Myers Squibb Company [BMY] stock
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%.
Bristol-Myers Squibb Company [BMY]: Insider Ownership positions
There are presently around $105,292 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 $10.92 billion in BMY stocks shares; and STATE STREET CORP, currently with $5.96 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 1,224 institutional holders increased their position in Bristol-Myers Squibb Company [NYSE:BMY] by around 93,146,076 shares. Additionally, 991 investors decreased positions by around 98,215,739 shares, while 261 investors held positions by with 1,471,750,502 shares. The mentioned changes placed institutional holdings at 1,663,112,317 shares, according to the latest SEC report filing. BMY stock had 261 new institutional investments in for a total of 16,136,464 shares, while 111 institutional investors sold positions of 7,098,518 shares during the same period.