Reflections On The Past For Investors Today: Bausch Health Companies Inc (NYSE: BHC)

Bausch Health Companies Inc (NYSE:BHC) does about 3.21M shares in volume on a normal day but saw 2838486 shares change hands in Monday’s trading. The company now has a market cap of 2.62B USD. Its current market price is $7.13, marking an increase of 3.63% compared to the previous close of $6.88. The 52 week high reached by this stock is $11.46 whilst the lowest price level in 52 weeks is $5.57.

Bausch Health Companies Inc (BHC) has a 20-day trading average at $8.14 and the current price is -37.78% off the 52-week high compared with 28.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.98 and its 200-day simple moving average is $8.22. If we look at the stock’s price movements over the week, volatility stands at 4.15%, which increases to 4.17% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 27.87 to suggest the stock is oversold.

The consensus objective for the share price is $9.83, suggesting that the stock has a potential upside of 27.47% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 20, 2023 when Jefferies upgraded the stock to “Buy” and issued a price target of between $9 and $16.

Bausch Health Companies Inc (BHC) stock is down -5.19% over the week and -18.61% over the past month. Its price is -11.10% year-to-date and 22.51% over the past year.

To reach the target analysts have set, the stock logically needs to grow 27.47 percent from here.

The company has a return on investment of -2.23%. The forward price to earnings ratio is 1.69. The beta has a value of 0.85. Price to sales ratio is 0.29.