Bristol-Myers Squibb Company [BMY] is 16.05% higher this YTD. Is it still time to buy?

Bristol-Myers Squibb Company [NYSE: BMY] traded at a high on 09/12/22, posting a 3.14 gain after which it closed the day’ session at $72.36. The company report on September 12, 2022 that Using the Power of Technology To Better Serve Our Patients.


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Northampton, MA –News Direct– Bristol Myers Squibb Company.

The results of the trading session contributed to over 23791142 shares changing hands. Over the past one week, the price volatility of Bristol-Myers Squibb Company stands at 2.50% while the volatility over the past one month is 2.20%.

The market cap for BMY stock reached $152.79 billion, with 2.14 billion shares outstanding and 2.13 billion shares in the current float. Compared to the average trading volume of 10.13M shares, BMY reached a trading volume of 23791142 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 $81.44 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 2.20. 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.

Raymond James have made an estimate for Bristol-Myers Squibb Company shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 03, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Underweight. The new note on the price target was released on April 06, 2022, representing the official price target for Bristol-Myers Squibb Company stock. Previously, the target price had yet another raise to $72, while Goldman analysts kept a Buy rating on BMY stock.

The Average True Range (ATR) for Bristol-Myers Squibb Company is set at 1.77, with the Price to Sales ratio for BMY stock in the period of the last 12 months amounting to 3.24. The Price to Book ratio for the last quarter was 4.74, 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 15.66 with Quick ratio for the last quarter at 1.30.

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 5.47. With this latest performance, BMY shares dropped by -2.82% in over the last four-week period, additionally plugging by 5.07% over the last 6 months – not to mention a rise of 14.62% 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 54.44, with the RSI for the last a single of trading hit 61.91, and the three-weeks RSI is set at 51.03 for Bristol-Myers Squibb Company [BMY]. The present Moving Average for the last 50 days of trading for this stock 73.02, while it was recorded at 69.86 for the last single week of trading, and 70.36 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 +20.57 and a Gross Margin at +57.69. Bristol-Myers Squibb Company’s Net Margin is presently recorded at +15.08.

Return on Equity for this stock inclined to 18.96, with Return on Assets sitting at 6.14.

Bristol-Myers Squibb Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.40.

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 4.53%.

Insider trade positions for Bristol-Myers Squibb Company [BMY]

There are presently around $120,205 million, or 79.80% of BMY stock, in the hands of institutional investors. The top three institutional holders of BMY stocks are: VANGUARD GROUP INC with ownership of 196,828,094, which is approximately -0.837% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 170,645,262 shares of the stock with an approximate value of $12.35 billion in BMY stocks shares; and JPMORGAN CHASE & CO, currently with $7.07 billion in BMY stock with ownership of nearly 4.129% 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 1,124 institutional holders increased their position in Bristol-Myers Squibb Company [NYSE:BMY] by around 118,018,533 shares. Additionally, 1,179 investors decreased positions by around 90,710,618 shares, while 354 investors held positions by with 1,452,480,368 shares. The mentioned changes placed institutional holdings at 1,661,209,519 shares, according to the latest SEC report filing. BMY stock had 153 new institutional investments in for a total of 9,190,882 shares, while 97 institutional investors sold positions of 8,227,049 shares during the same period.

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