Bausch Health Companies Inc (NYSE: BHC) is -26.43% lower on its value in year-to-date trading and has touched a low of $3.96 and a high of $11.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BHC stock was last observed hovering at around $5.96 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $5.90, the stock is 4.08% and -8.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing -1.01% at the moment leaves the stock -22.51% off its SMA200. BHC registered -28.57% loss for a year compared to 6-month loss of -35.87%.
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The stock witnessed a -1.01% gain in the last 1 month and extending the period to 3 months gives it a -3.75%, and is 1.20% 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 2.67% over the week and 4.43% over the month.
Bausch Health Companies Inc (BHC) has around 20270 employees, a market worth around $2.17B and $9.20B in sales. Fwd P/E is 1.42. Profit margin for the company is -5.12%. Distance from 52-week low is 48.99% and -48.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.35%).
The EPS is expected to grow by 4.10% this year
324.0 institutions hold shares in Bausch Health Companies Inc (BHC), with institutional investors hold 79.92% of the company’s shares. The shares outstanding are 365.24M, and float is at 357.36M with Short Float at 5.52%. Institutions hold 79.00% of the Float.
The top institutional shareholder in the company is ICAHN CARL C with over 34.72 million shares valued at $242.01 million. The investor’s holdings represent 9.466 of the BHC Shares outstanding. As of 2024-06-30, the second largest holder is PAULSON & CO. INC. with 26.44 million shares valued at $184.28 million to account for 7.208 of the shares outstanding. The other top investors are GOLDENTREE ASSET MANAGEMENT LP which holds 22.44 million shares representing 6.117 and valued at over $156.39 million, while NOMURA HOLDINGS INC holds 5.2808 of the shares totaling 19.37 million with a market value of $135.01 million.
Bausch Health Companies Inc (BHC) Insider Activity
The most recent transaction is an insider sale by Carson Seana, the company’s EVP, 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).
