Bristol-Myers Squibb Co [NYSE: BMY] gained 1.22% or 0.72 points to close at $59.94 with a heavy trading volume of 9030293 shares.
The daily chart for BMY points out that the company has recorded 43.50% gains over the past six months.
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If we look at the average trading volume of 11.08M shares, BMY reached to a volume of 9030293 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Bristol-Myers Squibb Co [BMY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BMY shares is $59.74 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 2.59. 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.
Wolfe Research have made an estimate for Bristol-Myers Squibb Co shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on November 15, 2024. The new note on the price target was released on November 13, 2024, representing the official price target for Bristol-Myers Squibb Co stock. Previously, the target price had yet another raise to $73, while Leerink Partners analysts kept a Outperform rating on BMY stock. On October 25, 2024, analysts decreased their price target for BMY shares from 75 to 55.
The Average True Range (ATR) for Bristol-Myers Squibb Co is set at 1.46, with the Price to Sales ratio for BMY stock in the period of the last 12 months amounting to 2.56. The Price to Book ratio for the last quarter was 7.09, with the Price to Cash per share for the same quarter was set at 4.00. Price to Free Cash Flow for BMY in the course of the last twelve months was 8.80 with Quick ratio for the last quarter at 1.09.
Trading performance analysis for BMY stock
Bristol-Myers Squibb Co [BMY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.82. With this latest performance, BMY shares gained by 7.48% in over the last four-week period, additionally plugging by 43.50% over the last 6 months – not to mention a rise of 21.39% 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 66.00, with the RSI for the last a single of trading hit 68.96, and the three-weeks RSI is set at 64.54 for Bristol-Myers Squibb Co [BMY]. The present Moving Average for the last 50 days of trading for this stock 54.62, while it was recorded at 59.19 for the last single week of trading, and 48.78 for the last 200 days.
Bristol-Myers Squibb Co [BMY]: A deeper dive into fundamental analysis
Bristol-Myers Squibb Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 1.24.
Bristol-Myers Squibb Co [BMY]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Bristol-Myers Squibb Co posted 1.7/share EPS, while the average EPS was predicted by analysts to be reported at 1.58/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. 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 Co go to -3.30%.
An analysis of Institutional ownership at Bristol-Myers Squibb Co [BMY]
There are presently around $78.41%, or 78.50%% of BMY stock, in the hands of institutional investors. The top three institutional holders of BMY stocks are: VANGUARD GROUP INC with ownership of 186.57 million shares, which is approximately 9.2225%. BLACKROCK INC., holding 158.66 million shares of the stock with an approximate value of $$6.59 billion in BMY stocks shares; and BLACKROCK INC., currently with $$3.8 billion in BMY stock with ownership which is approximately 4.5203%.
