Bausch + Lomb Corp (NYSE: BLCO) is -21.76% lower on its value in year-to-date trading and has touched a low of $13.16 and a high of $21.69 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 BLCO stock was last observed hovering at around $15.00 in the last trading session, with the day’s loss setting it -0.87%.
Currently trading at $14.13, the stock is -9.13% and -13.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing -5.80% at the moment leaves the stock -18.60% off its SMA200. BLCO registered -16.49% loss for a year compared to 6-month loss of -25.71%. The firm has a 50-day simple moving average (SMA 50) of $16.2446 and a 200-day simple moving average (SMA200) of $17.35805.
The stock witnessed a -10.57% gain in the last 1 month and extending the period to 3 months gives it a -20.88%, and is -9.19% 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 4.54% over the week and 2.79% over the month.
Bausch + Lomb Corp (BLCO) has around 13500 employees, a market worth around $4.98B and $4.79B in sales. Fwd P/E is 15.68. Profit margin for the company is -6.62%. Distance from 52-week low is 7.37% and -34.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.80%).
The EPS is expected to grow by 5.93% this year.
Bausch + Lomb Corp (BLCO) Top Institutional Holders
134.0 institutions hold shares in Bausch + Lomb Corp (BLCO), with institutional investors hold 88.62% of the company’s shares. The shares outstanding are 350.91M, and float is at 36.25M with Short Float at 5.61%. Institutions hold 10.27% of the Float.
The top institutional shareholder in the company is FIL LTD with over 6.66 million shares valued at $96.7 million. The investor’s holdings represent 1.893% of the BLCO Shares outstanding. As of 2024-06-30, the second largest holder is GOLDENTREE ASSET MANAGEMENT LP with 5.1 million shares valued at $74.07 million to account for 1.45 of the shares outstanding. The other top investors are MAPLE ROCK CAPITAL PARTNERS INC. which holds 3.75 million shares representing 1.0645% and valued at over $54.38 million, while ICAHN CARL C holds 0.9949 of the shares totaling 3.5 million with a market value of $50.82 million.
Bausch + Lomb Corp (BLCO) Insider Activity
The most recent transaction is an insider purchase by SAUNDERS BRENT L, the company’s CEO and Chairman of the Board. SEC filings show that SAUNDERS BRENT L bought 32,250 shares of the company’s common stock on Aug 05 ’24 at a price of $15.66 per share for a total of $0.51 million. Following the purchase, the insider now owns 0.6 million shares.
