A new trading day began on Friday, with Bristol-Myers Squibb Co (NYSE: BMY) stock price down -0.08% from the previous day of trading, before settling in for the closing price of $59.27. BMY’s price has ranged from $39.35 to $61.08 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 16.92% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -88.09%. With a float of $2.03 billion, this company’s outstanding shares have now reached $2.03 billion.
In an organization with 34100 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 70.41%, operating margin of 21.74%, and the pretax margin is -14.5%.
Bristol-Myers Squibb Co (BMY) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – General Industry. The insider ownership of Bristol-Myers Squibb Co is 0.08%, while institutional ownership is 77.71%. The most recent insider transaction that took place on Nov 04 ’24, was worth 38,930. In this transaction SVP and Controller of this company sold 700 shares at a rate of $55.62, taking the stock ownership to the 11,760 shares. Before that another transaction happened on Nov 01 ’24, when Company’s EVP,Chief Med.Offr.,Drug Dev. bought 1,830 for $54.67, making the entire transaction worth $100,055. This insider now owns 62,109 shares in total.
Bristol-Myers Squibb Co (BMY) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 1.7 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.83 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -88.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -3.30% during the next five years compared to 5.14% growth over the previous five years of trading.
Bristol-Myers Squibb Co (NYSE: BMY) Trading Performance Indicators
Here are Bristol-Myers Squibb Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.53. Likewise, its price to free cash flow for the trailing twelve months is 8.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.60, a number that is poised to hit 1.47 in the next quarter and is forecasted to reach 7.04 in one year’s time.
Technical Analysis of Bristol-Myers Squibb Co (BMY)
Let’s dig in a bit further. During the last 5-days, its volume was 8.12 million. That was inferior than the volume of 14.26 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 70.60%. Additionally, its Average True Range was 1.48.
During the past 100 days, Bristol-Myers Squibb Co’s (BMY) raw stochastic average was set at 91.21%, which indicates a significant increase from 64.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.78% in the past 14 days, which was higher than the 34.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $54.41, while its 200-day Moving Average is $48.73. However, in the short run, Bristol-Myers Squibb Co’s stock first resistance to watch stands at $59.52. Second resistance stands at $59.82. The third major resistance level sits at $60.10. If the price goes on to break the first support level at $58.94, it is likely to go to the next support level at $58.66. The third support level lies at $58.36 if the price breaches the second support level.
Bristol-Myers Squibb Co (NYSE: BMY) Key Stats
With a market capitalization of 120.01 billion, the company has a total of 2,028,177K Shares Outstanding. Currently, annual sales are 45,006 M while annual income is 8,025 M. The company’s previous quarter sales were 11,892 M while its latest quarter income was 1,211 M.
