Bausch Health Companies Inc (NYSE: BHC) is -3.37% 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 $7.58 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $7.75, the stock is -4.85% and -7.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing 2.24% at the moment leaves the stock 0.99% off its SMA200. BHC registered 8.09% gain for a year compared to 6-month gain of 25.61%. The firm has a 50-day simple moving average (SMA 50) of $8.4038 and a 200-day simple moving average (SMA200) of $7.6812.
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The stock witnessed a -15.12% loss in the last 1 month and extending the period to 3 months gives it a 22.63%, and is -4.56% down 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 4.58% over the week and 3.45% over the month.
Bausch Health Companies Inc (BHC) has around 20270 employees, a market worth around $2.85B and $9.47B in sales. Fwd P/E is 1.81. Profit margin for the company is -1.88%. Distance from 52-week low is 95.71% and -32.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.90%).
with sales reaching $2.52B over the same period.The EPS is expected to grow by 8.07% this year, but quarterly earnings will post 9.32% year-over-year. Quarterly sales are estimated to grow 4.59% in year-over-year returns.
290.0 institutions hold shares in Bausch Health Companies Inc (BHC), with institutional investors hold 80.98% of the company’s shares. The shares outstanding are 365.24M, and float is at 290.28M with Short Float at 4.15%. Institutions hold 72.02% 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 440 shares of the company’s common stock on Dec 02 ’24 at a price of $8.35 per share for a total of $3674.0. Following the sale, the insider now owns 0.43 million shares.
Still, SEC filings show that on Sep 06 ’24, Carson Seana (EVP, General Counsel) disposed off 13,370 shares at an average price of $6.21 for $83028.0. The insider now directly holds 435,198 shares of Bausch Health Companies Inc (BHC).
