Bristol-Myers Squibb Co. (BMY) Stock Up 1.47%: Latest Performance Analysis

A share price of Bristol-Myers Squibb Co. [BMY] is currently trading at $41.48, up 1.47%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BMY shares have gain 0.95% over the last week, with a monthly amount drifted -5.01%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Bristol-Myers Squibb Co. [NYSE: BMY] stock has seen the most recent analyst activity on March 11, 2024, when Societe Generale downgraded its rating to a Hold. Previously, Redburn Atlantic downgraded its rating to Neutral on February 06, 2024, and dropped its price target to $54. On January 03, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $60 on the stock. Cantor Fitzgerald downgraded its rating to a Neutral and decreased its price target to $55 on November 15, 2023. Deutsche Bank initiated its recommendation with a Hold and recommended $55 as its price target on November 09, 2023. Daiwa Securities downgraded its rating to Neutral for this stock on November 02, 2023, and downed its price target to $54. In a note dated October 27, 2023, HSBC Securities upgraded an Hold rating on this stock and revised its target price from $55 to $53.

Bristol-Myers Squibb Co. experienced fluctuations in its stock price throughout the past year between $39.91 and $66.38. Currently, Wall Street analysts expect the stock to reach $70.25 within the next 12 months. Bristol-Myers Squibb Co. [NYSE: BMY] shares were valued at $41.48 at the most recent close of the market. An investor can expect a potential return of 69.36% based on the average BMY price forecast.

Analyzing the BMY fundamentals

Trailing Twelve Months sales for Bristol-Myers Squibb Co. [NYSE:BMY] were 45.53B which represents 4.66% growth. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.23 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.48.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.97 points at the first support level, and at 40.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.78, and for the 2nd resistance point, it is at 42.09.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Bristol-Myers Squibb Co. [NYSE:BMY] is 1.11. Also, the Quick Ratio is 0.99, while the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 1.85, the price to book ratio is 5.10.

Transactions by insiders

Recent insider trading involved BOERNER CHRISTOPHER S., Chief Executive Officer, that happened on Dec 05 ’23 when 2000.0 shares were purchased. Chief Executive Officer, BOERNER CHRISTOPHER S. completed a deal on Nov 28 ’23 to buy 3071.0 shares. Meanwhile, Director Samuels Theodore R. II bought 8500.0 shares on Nov 20 ’23.

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