Bausch + Lomb Corp (NYSE:BLCO) price on Friday, April 11, rose 0.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.40.
A look at the stock’s price movement, the close in the last trading session was $11.32, moving within a range at $10.96 and $11.46. The beta value (5-Year monthly) was 0.539. Turning to its 52-week performance, $21.69 and $10.46 were the 52-week high and 52-week low respectively. Overall, BLCO moved -24.95% over the past month.
Bausch + Lomb Corp’s market cap currently stands at around $4.02 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-18.
Analysts have a consensus estimate of 1.15B for the company’s revenue for the quarter, with a low and high estimate of 1.13B and 1.17B respectively. The average forecast suggests up to a 4.68% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.99B, representing a 4.22% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BLCO is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend BLCO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BLCO’s current price about -18.70% and -25.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.68, while 7-day volatility ratio is 11.92% and 5.82% in the 30-day chart. Further, Bausch + Lomb Corp (BLCO) has a beta value of 0.69, and an average true range (ATR) of 0.84. Analysts have given the company’s stock an average 52-week price target of $23, forecast between a low of $18 and high of $25. Looking at the price targets, the low is -57.89% off current price level while to achieve the yearly target high, price needs to move -119.3%. Nonetheless, investors will most likely welcome a -101.75% jump to $23 which is the analysts’ median price.
If we refocus on Bausch + Lomb Corp (NYSE:BLCO), historical trading data shows that trading volumes averaged 1.0 over the past 10 days and 732.61K over the past 3 months. The company’s latest data on shares outstanding shows there are 350.91 million shares.
The 89.71% of Bausch + Lomb Corp’s shares are in the hands of company insiders while institutional holders own 9.29% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.04 million on 2025-03-14, giving us a short ratio of 3.3. The data shows that as of 2025-03-14 short interest in Bausch + Lomb Corp (BLCO) stood at 488.99996999999996 of shares outstanding, with shares short rising to 1.22 million registered in 2025-02-14. Current price change has pushed the stock -36.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BLCO stock continues to rise going into the next quarter.
