Bausch + Lomb Corp [NYSE: BLCO] traded at a low on Thursday, posting a -9.52 loss after which it closed the day’ session at $16.06.
The results of the trading session contributed to over 3982966 shares changing hands. Over the past one week, the price volatility of Bausch + Lomb Corp stands at 3.03% while the volatility over the past one month is 2.91%.
The market cap for BLCO stock reached $5.66 billion, with 352.08 million shares outstanding and 34.93 million shares in the current float. Compared to the average trading volume of 478.19K shares, BLCO reached a trading volume of 3982966 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Bausch + Lomb Corp [BLCO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLCO shares is $20.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLCO stock is a recommendation set at 2.38. 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.
Citigroup have made an estimate for Bausch + Lomb Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 11, 2024. The new note on the price target was released on December 02, 2024, representing the official price target for Bausch + Lomb Corp stock. Previously, the target price had yet another raise from $19 to $25, while Evercore ISI kept a Outperform rating on BLCO stock.
The Average True Range (ATR) for Bausch + Lomb Corp is set at 0.59, with the Price to Sales ratio for BLCO stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 0.99.
How has BLCO stock performed recently?
Bausch + Lomb Corp [BLCO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.01. With this latest performance, BLCO shares dropped by -9.01% in over the last four-week period, additionally plugging by 0.75% over the last 6 months – not to mention a rise of 17.40% 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 BLCO stock in for the last two-week period is set at 31.66, with the RSI for the last a single of trading hit 27.71, and the three-weeks RSI is set at 34.52 for Bausch + Lomb Corp [BLCO]. The present Moving Average for the last 50 days of trading for this stock 18.23, while it was recorded at 17.22 for the last single week of trading, and 17.20 for the last 200 days.
Bausch + Lomb Corp [BLCO]: Deeper insight into the fundamentals
Bausch + Lomb Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 1.57.
Earnings analysis for Bausch + Lomb Corp [BLCO]
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 BLCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bausch + Lomb Corp go to 12.28%.
Insider trade positions for Bausch + Lomb Corp [BLCO]
There are presently around $11.12%, or 95.79%% of BLCO stock, in the hands of institutional investors. The top three institutional holders of BLCO stocks are: FIL LTD with ownership of 6.66 million shares, which is approximately 1.8968%. GOLDENTREE ASSET MANAGEMENT LP, holding 5.1 million shares of the stock with an approximate value of $$74.07 million in BLCO stocks shares; and GOLDENTREE ASSET MANAGEMENT LP, currently with $$54.38 million in BLCO stock with ownership which is approximately 1.0667%.
