The price of Bristol-Myers Squibb Co. (NYSE:BMY) shares last traded on Wall Street fell -0.38% to $52.20.
BMY stock price is now 4.97% away from the 50-day moving average and 9.20% away from the 200-day moving average. The market capitalization of the company currently stands at $105.83B.
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With the price target maintained at $41, Barclays recently Downgraded its rating from Overweight to Equal Weight for Bristol-Myers Squibb Co. (NYSE: BMY). , while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
In other news, BOERNER CHRISTOPHER S., Chief Executive Officer bought 2,000 shares of the company’s stock on Dec 05 ’23. The stock was bought for $99,560 at an average price of $49.78. Upon completion of the transaction, the Chief Executive Officer now directly owns 82,672 shares in the company, valued at $4.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 28 ’23, Chief Executive Officer BOERNER CHRISTOPHER S. bought 3,071 shares of the business’s stock. A total of $150,049 was incurred on buying the stock at an average price of $48.86. This leaves the insider owning 79,384 shares of the company worth $4.14 million. A total of 0.08% of the company’s stock is owned by insiders.
During the past 12 months, Bristol-Myers Squibb Co. has had a low of $39.35 and a high of $57.65. As of last week, the company has a debt-to-equity ratio of 3.17, a current ratio of 1.16, and a quick ratio of 1.02. The fifty day moving average price for BMY is $49.7292 and a two-hundred day moving average price translates $47.8028 for the stock.
The latest earnings results from Bristol-Myers Squibb Co. (NYSE: BMY) was released for 2024-06-30. The net profit margin was -14.06% and return on equity was -26.70% for BMY. The company reported revenue of $12.2 billion for the quarter, compared to $11.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.69 percent.
