At the time of writing, Bristol-Myers Squibb Co [BMY] stock is trading at $55.77, up 5.91%. 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 5.39% over the last week, with a monthly amount glided 3.74%, and 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 October 25, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $55 from $75. Previously, Bernstein started tracking the stock with Mkt Perform rating on October 17, 2024, and set its price target to $56. On July 29, 2024, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $41 on the stock. Societe Generale downgraded its rating to a Hold. Redburn Atlantic downgraded its rating to a Neutral and reduced its price target to $54 on February 06, 2024. BofA Securities downgraded its rating to Neutral for this stock on January 03, 2024, and downed its price target to $60. In a note dated November 15, 2023, Cantor Fitzgerald downgraded an Neutral rating on this stock and revised its target price from $68 to $55.
For the past year, the stock price of Bristol-Myers Squibb Co fluctuated between $39.35 and $55.03. Currently, Wall Street analysts expect the stock to reach $64.57 within the next 12 months. Bristol-Myers Squibb Co [NYSE: BMY] shares were valued at $55.77 at the most recent close of the market. An investor can expect a potential return of 15.78% based on the average BMY price forecast.
Analyzing the BMY fundamentals
According to Bristol-Myers Squibb Co [NYSE:BMY], the company’s sales were 46.51B for trailing twelve months, which represents an 8.69% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.36 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.9.
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 54.15 points at the first support level, and at 52.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.79, and for the 2nd resistance point, it is at 57.82.
Ratios To Look Out For
It is important to note that Bristol-Myers Squibb Co [NYSE:BMY] has a current ratio of 1.16. Also, the Quick Ratio is 1.02, while the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 2.43, the price to book ratio is 6.64.
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.
