The stock of Bausch + Lomb Corporation (NYSE:BLCO) decreased by -$0.62 on Friday to finish at $18.07, down -3.32 percent. The last five days have seen an average of 453,720 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $2.56. The average number of shares traded over the last 20 days was 532,665, while the average volume over the last 50 days totaled 488,564.
BLCO stock dropped -6.57% since last month. On 08/25/23, the company’s shares reached a one-month low of $17.93. The stock touched a high of $21.95 on 06/30/23, after rallying from a low of $12.79 in 52 weeks. The price of BLCO stock has risen by 16.51% or $2.56 this year, reaching a new high 15 times. Still, the stock price is down -17.68% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.68, the price-to-book (PB) ratio of 0.91.
Financial Health
For the three months ended June 29, Bausch + Lomb Corporation’s quick ratio was 1.20, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.37, and the total debt to equity ratio is 0.38. As far as profitability goes, gross margin for the trailing twelve months is 59.50% percent. Bausch + Lomb Corporation’s operating margin stood at 3.50% for the same period. Based on annual data, it had gross profit of $2.25 billion and revenue of $3.77 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BLCO’s return on assets (ROA) during the last 12 months has been -1.30%. There was a 1.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -2.00%.
Earnings Surprise
According to Bausch + Lomb Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.03 billion, while revenues rose by 9.08% to $931.0 million. It was predicted that Bausch + Lomb Corporation’s quarterly earnings would be $0.24, but it ended up being $0.18, beating the consensus by 33.30%. EBITDA was $139.0 million for the quarter. At the end of Bausch + Lomb Corporation’s most recent quarter ended June 29, its liabilities totaled 4.29 billion, while its total debt was $2.63 billion. Equity owned by shareholders amounts to $350.7 million.
Technical Picture
Here’s a quick look at Bausch + Lomb Corporation’s (BLCO) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 32.95%, suggesting the stock is Neutral, with a 34.11% historical volatility rate.
The stochastic %K and %D were 38.78% and 55.58% respectively, while the average true range (ATR) was 0.70. Based on the 14-day stochastic reading of 6.57%, the RSI (14) reading is 37.39%. On the 9-day MACD Oscillator, the stock is at -0.18, and the 14-day reading is at -0.03.
Analyst Ratings
Analysts have assigned Bausch + Lomb Corporation (BLCO) an Overweight rating. BLCO is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.
What is BLCO’s price target for the next 12 months?
The current consensus forecast for the stock is between $18.00 and $25.00, with a median target price of $21.00. In analyzing these forecasts, the average price target given by analysts for Bausch + Lomb Corporation (BLCO) is $21.36.
