Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Bristol-Myers Squibb Co.’s current trading price is -20.05% away from its 52-week high, while its distance from the 52-week low is 27.05%. The stock’s price range during this period has varied between $39.35 and $62.53. The company, active in the Healthcare sector, saw a trading volume of around 3.04 million for the day, considerably lower average daily volume of 15.3 million observed over the last three months.
The stock market performance of Bristol-Myers Squibb Co. has been fairly unsteady. Over the last year, the company’s stock hit its highest at $62.53 on 09/05/23, while the lowest price during the same time frame was $39.35, recorded on 07/05/24.
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How Financial Performance Impacts Market Capitalization
Bristol-Myers Squibb Co. (BMY) has experienced a quarterly rise of 19.69% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 101.36B and boasts a workforce of 34100 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 44.64, with a change in price of -0.18. Similarly, Bristol-Myers Squibb Co. recorded 14,835,476 in trading volume during the last 100 days, posting a change of -0.36%.
How BMY’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for BMY stands at 3.17. Similarly, the long-term debt-to-equity ratio is also 2.96.
BMY Stock Stochastic Average
As of today, the raw stochastic average of Bristol-Myers Squibb Co. over the past 50 days is 90.88%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 90.15%. Additionally, the Stochastic %K and %D values for the company were 91.91% and 90.11%, respectively, over the past 20 days.
BMY Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price loss of -2.56% this year. Over the last six months, there has been a stronger performance of -1.82%. The price of BMY fallen by 2.51% during the last 30 days period. For the last 5-days stocks have improved 3.64%.
