Bausch Health Companies Inc (NYSE:BHC) price is hovering lower on Monday, April 15, dropping -0.11% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $8.76. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.46 and 52-week low of $5.57. The stock subtracted -3.74% on its value in the past month.
Bausch Health Companies Inc, which has a market valuation of $3.20 billion. Analysts tracking BHC have forecast the quarterly EPS to grow by 0.69 per share this quarter, while the same analysts predict the annual EPS to hit $3.93 for the year 2024 and up to $4.12 for 2025. In this case, analysts estimate an annual EPS growth of 12.60% for the year and 4.80% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $2.15 billion, with the likely lows of $2.13 billion and highs of $2.17 billion. The average estimate suggests sales growth for the quarter will likely rise by 9.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $9.39 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 7.20% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give BHC a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that BHC’s price is at present -9.75% off the SMA20 and -4.55% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.69, with weekly volatility standing at 9.22%. The indicator jumps to 5.29% when calculated based on the past 30 days. Bausch Health Companies Inc (NYSE:BHC)’s beta value is holding at 0.89, while the average true range (ATR) indicator is currently reading 0.52.
An analysis of the Bausch Health Companies Inc (NYSE:BHC) stock in terms of its daily trading volume indicates that the 3-month average is 2.81 million.
Current records show that the company has 365.24M in outstanding shares. The insiders’ percentage holdings are 2.41% of outstanding shares while the percentage share held by institutions stands at 79.13%. But the 9.10% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
