During the recent session, Bristol-Myers Squibb Co. (NYSE:BMY)’s traded shares were 5.42 million, with the beta value of the company hitting 0.45. At the last check today, the stock’s price was $55.33, reflecting an intraday gain of 5.07% or $2.67. The 52-week high for the BMY share is $55.03, that puts it up 0.54 from that peak though still a striking 28.88% gain since the share price plummeted to a 52-week low of $39.35. The company’s market capitalization is $112.18B, and the average intraday trading volume over the past 10 days was 7.42 million shares, and the average trade volume was 11.09 million shares over the past three months.
Bristol-Myers Squibb Co. (BMY) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.86. BMY has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.49.
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Bristol-Myers Squibb Co. (NYSE:BMY) trade information
Bristol-Myers Squibb Co. (BMY) registered a 5.07% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.07% in intraday trading to $55.33, hitting a weekly high. The stock’s 5-day price performance is 4.55%, and it has moved by 2.92% in 30 days. Based on these gigs, the overall price performance for the year is 7.37%. The short interest in Bristol-Myers Squibb Co. (NYSE:BMY) is 22.5 million shares and it means that shorts have 1.75 day(s) to cover.
The consensus price target of analysts on Wall Street is $66.5, which implies an increase of 16.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $41 and $85 respectively. As a result, BMY is trading at a discount of -53.62% off the target high and 25.9% off the low.
Bristol-Myers Squibb Co. (BMY) estimates and forecasts
Statistics show that Bristol-Myers Squibb Co. has underperformed its competitors in share price, compared to the industry in which it operates. Bristol-Myers Squibb Co. (BMY) shares have gone up 26.61% during the last six months, with a year-to-date growth rate less than the industry average at -90.41% against 17.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -18.10% this quarter and then drop -4.40% in the quarter after that. In the rating firms’ projections, revenue will increase 11.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 11.28B as predicted by 17 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 11.48B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 9.99B and 10.72B respectively. In this case, analysts expect current quarter sales to grow by 12.90% and then jump by 7.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 5.14%. While earnings are projected to return -90.63% in 2024, the next five years will return -4.21% per annum.
BMY Dividends
Bristol-Myers Squibb Co. is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Bristol-Myers Squibb Co. is 2.40, with the dividend yield indicating at 4.34 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.39%.
Bristol-Myers Squibb Co. (NYSE:BMY)’s Major holders
Bristol-Myers Squibb Co. insiders own 0.11% of total outstanding shares while institutional holders control 79.42%, with the float percentage being 79.51%. VANGUARD GROUP INC is the largest shareholder of the company, while 2828.0 institutions own stock in it. As of 2024-06-30, the company held over 186.57 million shares (or 9.2225% of all shares), a total value of $7.75 billion in shares.
The next largest institutional holding, with 158.66 million shares, is of BLACKROCK INC.’s that is approximately 7.8428% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.59 billion.
