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Bristol-Myers Squibb Company (BMY) saw downtrend of -0.69% in the recent trading with $60.60 being its most recent. The current price level -9.77% lower than the highest price of $67.16 marked by the stock while trading over the past 52-weeks, whereas it is 32.43% higher than the lowest price of $45.76 the company dropped to over past 52-weeks. The latest news story on BMY appeared in Insider Monkey under the title “15 Best Stocks To Buy Now For Beginner Investors” on Feb-20-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -9.31% below one month high and is +2.07% above of the lowest during that time. Looking into the simple moving average, Bristol-Myers Squibb Company (BMY)’s stock stands at a SMA-50 of $62.21 while that of 5-day is reading $60.32.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and BMY’s SMA-200 as of now is $60.95.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 19 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.90 for the stock.
Bristol-Myers Squibb Company Earnings – What Happened With BMY
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Bristol-Myers Squibb Company (BMY) last released financial results for the quarter that ended 12/30/2020, posting a surprise factor of 3.50% for net revenue. During the reported three-month period, company’s sales were $11.07 billion while analysts on average were estimating the same to be $11.18 billion.
BMY – Bristol-Myers Squibb Company Stock Earnings Estimates
The perspective of Bristol-Myers Squibb Company (NYSE:BMY)’s current quarter earnings identifies that analysts are in consensus over the estimate of 1.41 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 1.46.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 2.25 billion. BMY does have institutional investors; and they hold 76.40% of the stock.
Bristol-Myers Squibb Company – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 10 new insider purchases involving 178,274 shares. On the other hand, BMY declared 274,583 shares have been sold in 22 insider transactions over the past three months.
As on Sep 29, 2020, Vanguard Group, Inc. (The) was the top most holder in Bristol-Myers Squibb Company (NYSE:BMY) with an ownership of 200.07 million shares of the company or 8.84% of the stake worth $12.06 billion. The filing also reveals Blackrock Inc. as the second largest holder in the company with a control over 7.62% of the outstanding shares. Its stake is worth $10.7 billion for having 172.46 million shares in hand.
State Street Corporation also came holding a key position in the company during the recent quarter and it now holds 4.31% of the outstanding shares. With this there are now 2,819 institutions which have possession in BMY’s shares.
Currently, the stock has been recommended as Strong Buy by 19 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.90 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Bristol-Myers Squibb Company was 1.58 while posting a debt to equity ratio of 1.34. The count was 130.00 for long-term debt to equity ratio.
Bristol-Myers Squibb Company’s return on equity, or ROE, is -19.30%, compared to the industry average of 3.35% for Healthcare – Drug Manufacturers – General. Although this indicates that BMY fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Bristol-Myers Squibb Company (NYSE:BMY) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Bristol-Myers Squibb Company (BMY), we notice that the stock’s 20-day average volume is at 13,534,710 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 11,963,018 shares. And to end, BMY’s 100-day average volume is 11,201,707 shares with 50% of the long-term indicators pointing towards Sell for the stock.