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Bausch Health Companies Inc (BHC) Stock Could Soon Reward Patient Investors

Bausch Health Companies Inc (NYSE: BHC) is 29.68% higher on its value in year-to-date trading and has touched a low of $5.57 and a high of $10.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BHC stock was last observed hovering at around $10.61 in the last trading session, with the day’s loss setting it -0.21%.

Currently trading at $10.40, the stock is 9.09% and 17.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.71 million and changing -1.98% at the moment leaves the stock 27.42% off its SMA200. BHC registered 35.59% gain for a year compared to 6-month gain of 26.21%. The firm has a 50-day simple moving average (SMA 50) of $2.88 and a 200-day simple moving average (SMA200) of $11.47.

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The stock witnessed a 10.76% loss in the last 1 month and extending the period to 3 months gives it a 29.68%, and is 8.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.51% over the week and 3.32% over the month.

Bausch Health Companies Inc (BHC) has around 20270 employees, a market worth around $3.80B and $8.76B in sales. Fwd P/E is 2.61. Profit margin for the company is -6.76%. Distance from 52-week low is 86.70% and -3.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.81%).

Bausch Health Companies Inc quarterly earnings per share for the current quarter are estimated at $0.69 with sales reaching $2.15B over the same period.The EPS is expected to grow by 12.80% this year, but quarterly earnings will post 7.20% year-over-year. Quarterly sales are estimated to grow 9.30% in year-over-year returns.

Bausch Health Companies Inc (BHC) Top Institutional Holders

323 institutions hold shares in Bausch Health Companies Inc (BHC), with institutional investors hold 88.22% of the company’s shares. The shares outstanding are 365.24M, and float is at 356.60M with Short Float at 6.67%. Institutions hold 81.00% of the Float.

The top institutional shareholder in the company is Icahn Carl C with over 34.72 million shares valued at $277.77 million. The investor’s holdings represent 9.62% of the BHC Shares outstanding. As of Jun 29, 2023, the second largest holder is Paulson & Company, Inc. with 26.44 million shares valued at $211.51 million to account for 7.32% of the shares outstanding. The other top investors are Goldentree Asset Management LP which holds 20.06 million shares representing 5.56% and valued at over $160.45 million, while Franklin Resources, Inc. holds 4.59% of the shares totaling 16.57 million with a market value of $132.6 million.

Bausch Health Companies Inc (BHC) Insider Activity

The most recent transaction is an insider sale by Carson Seana,the company’sEVP, General Counsel. SEC filings show that Carson Seana sold 6,313 shares of the company’s common stock on Mar 04 ’24 at a price of $9.80 per share for a total of $61867.0. Following the sale, the insider now owns 0.5 million shares.

Bausch Health Companies Inc disclosed in a document filed with the SEC on Dec 05 ’23 that Carson Seana (EVP, General Counsel) sold a total of 220 shares of the company’s common stock. The trade occurred on Dec 05 ’23 and was made at $7.38 per share for $1624.0. Following the transaction, the insider now directly holds 0.38 million shares of the BHC stock.

Still, SEC filings show that on Nov 06 ’23, Carson Seana (EVP, General Counsel) disposed off 43 shares at an average price of $7.61 for $327.0. The insider now directly holds 384,836 shares of Bausch Health Companies Inc (BHC).

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