Bristol-Myers Squibb Company [NYSE: BMY] slipped around -0.74 points on Monday, while shares priced at $67.38 at the close of the session, down -1.09%. The company report on August 5, 2021 that Expert Panel Issues Recommendations for Addressing Inequities in Cancer Care.
Northampton, MA –News Direct– Bristol Myers Squibb Company.
New recommendations published by Doykos et al in Health Equity call for a significant expansion of the National Cancer Institute (NCI) and NCI-designated comprehensive cancer centers to understand the causes of inequities in cancer care and a commitment to building sustained community partnerships to reduce them.
Bristol-Myers Squibb Company stock is now 8.62% up from its year-to-date (YTD) trading value. BMY Stock saw the intraday high of $68.3349 and lowest of $67.22 per share. The company’s 52-week high price is 69.34, which means current price is +14.93% above from all time high which was touched on 08/04/21.
Compared to the average trading volume of 9.07M shares, BMY reached a trading volume of 8135885 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 $75.37 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.
Truist have made an estimate for Bristol-Myers Squibb Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 27, 2021. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $70 to $62. The new note on the price target was released on April 30, 2021, representing the official price target for Bristol-Myers Squibb Company stock.
The Average True Range (ATR) for Bristol-Myers Squibb Company is set at 0.96, with the Price to Sales ratio for BMY stock in the period of the last 12 months amounting to 3.39. The Price to Book ratio for the last quarter was 4.08, with the Price to Cash per share for the same quarter was set at 6.28. Price to Free Cash Flow for BMY in the course of the last twelve months was 20.20 with Quick ratio for the last quarter at 1.40.
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 -0.94. With this latest performance, BMY shares gained by 0.33% in over the last four-week period, additionally plugging by 11.87% over the last 6 months – not to mention a rise of 10.42% 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 48.30, with the RSI for the last a single of trading hit 44.05, and the three-weeks RSI is set at 50.53 for Bristol-Myers Squibb Company [BMY]. The present Moving Average for the last 50 days of trading for this stock 66.87, while it was recorded at 68.34 for the last single week of trading, and 63.79 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 1.40 and a Current Ratio set at 1.50.
Earnings analysis for Bristol-Myers Squibb Company [BMY]
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 7.12%.
Insider trade positions for Bristol-Myers Squibb Company [BMY]
There are presently around $109,588 million, or 75.20% of BMY stock, in the hands of institutional investors. The top three institutional holders of BMY stocks are: VANGUARD GROUP INC with ownership of 196,665,309, which is approximately -1.342% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 176,410,048 shares of the stock with an approximate value of $11.89 billion in BMY stocks shares; and STATE STREET CORP, currently with $6.13 billion in BMY stock with ownership of nearly -3.414% of the company’s market capitalization.
Positions in Bristol-Myers Squibb Company stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,113 institutional holders increased their position in Bristol-Myers Squibb Company [NYSE:BMY] by around 65,419,488 shares. Additionally, 1,070 investors decreased positions by around 110,834,512 shares, while 307 investors held positions by with 1,450,167,140 shares. The mentioned changes placed institutional holdings at 1,626,421,140 shares, according to the latest SEC report filing. BMY stock had 144 new institutional investments in for a total of 3,414,043 shares, while 108 institutional investors sold positions of 7,764,172 shares during the same period.