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published in Blogs
Jun 10, 2023

Bausch Health Companies Down 13.41%

In a sea of rising tides within the Pharmaceuticals industry during the week of June 1, 2023, to June 8, 2023, Bausch Health Companies (BHC, $7.1) found itself in a downward current. The company's share prices fell by a notable 13.41%, landing it on the list of the week's top losers. This decline contrasts with the overall industry trend, where 218 out of 312 analyzed stocks, or an impressive 69.77%, showed an uptrend.

Bausch Health Companies, a renowned player in the Pharmaceuticals industry, has been navigating through a challenging period. The substantial drop in its share prices underscores the complex dynamics that companies like Bausch Health are dealing with, including potential regulatory changes, market competition, and the impacts of global health crises.

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At the same time, the Pharmaceuticals industry witnessed robust growth. Of the 312 stocks tracked during the week, 218 registered an uptrend, indicating strong market sentiment and substantial growth for nearly 70% of the sector. Nevertheless, 94 stocks, comprising 30.23% of the sector, experienced a downtrend, with Bausch Health Companies featuring prominently in this category.

The stark contrast between the upward trajectory of the majority of pharmaceutical companies and the decline experienced by Bausch Health Companies reflects the dynamic and often unpredictable nature of the pharmaceutical market. Multiple factors, from drug development pipelines and regulatory approval processes to global health trends and market competition, can influence a company's performance.

While Bausch Health's downturn represents a rough patch, it's crucial to remember that the financial landscape is ever-evolving. Today's top losers can be tomorrow's winners. As we continue monitoring the trends in the Pharmaceuticals industry and the performance of Bausch Health Companies, our commitment remains to provide you with the most relevant and timely market updates. Keep following for more insights and always approach investment decisions with caution and informed judgment.

Related Ticker: BHC

BHC's Indicator enters downward trend

The Aroon Indicator for BHC entered a downward trend on September 06, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 178 similar instances where the Aroon Indicator formed such a pattern. In of the 178 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 58 cases where BHC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BHC as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BHC turned negative on September 19, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BHC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BHC's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BHC advanced for three days, in of 293 cases, the price rose further within the following month. The odds of a continued upward trend are .

BHC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BHC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (85.803). P/E Ratio (13.387) is within average values for comparable stocks, (58.606). BHC's Projected Growth (PEG Ratio) (0.011) is slightly lower than the industry average of (3.360). BHC has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.027). P/S Ratio (0.357) is also within normal values, averaging (61.643).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BHC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock worse than average.

Notable companies

The most notable companies in this group are ZOETIS (NYSE:ZTS), Teva Pharmaceutical Industries Limited (NYSE:TEVA), Elanco Animal Health (NYSE:ELAN), Intra-Cellular Therapies (NASDAQ:ITCI), Bausch Health Companies (NYSE:BHC), Tilray Brands (NASDAQ:TLRY), Avadel Pharmaceuticals plc (NASDAQ:AVDL), Canopy Growth Corp (NASDAQ:CGC), Aurora Cannabis (NASDAQ:ACB), Journey Medical Corp (NASDAQ:DERM).

Industry description

Pharmaceuticals (Other) comprise companies that are involved in the discovery, development or manufacturing of therapeutic and preventative medicines. They often collaborate with or acquire other pharmaceutical/healthcare firms. Examples of companies in this segment include Bausch Health Companies Inc., Icon Plc and Perrigo Company Plc.

Market Cap

The average market capitalization across the Pharmaceuticals: Other Industry is 2.59B. The market cap for tickers in the group ranges from 246 to 81.81B. ZTS holds the highest valuation in this group at 81.81B. The lowest valued company is PEMTF at 246.

High and low price notable news

The average weekly price growth across all stocks in the Pharmaceuticals: Other Industry was 28%. For the same Industry, the average monthly price growth was 38%, and the average quarterly price growth was 11%. CHHE experienced the highest price growth at 121%, while NEPT experienced the biggest fall at -66%.

Volume

The average weekly volume growth across all stocks in the Pharmaceuticals: Other Industry was -7%. For the same stocks of the Industry, the average monthly volume growth was 88% and the average quarterly volume growth was 80%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 72
Price Growth Rating: 58
SMR Rating: 85
Profit Risk Rating: 92
Seasonality Score: -17 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a manufacturer of pharmaceutical products

Industry PharmaceuticalsOther

Profile
Fundamentals
Details
Industry
Pharmaceuticals Other
Address
2150 Saint Elzear Boulvard West
Phone
+1 514 744-6792
Employees
19900
Web
https://www.bauschhealth.com
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BHC and

Correlation & Price change

A.I.dvisor indicates that over the last year, BHC has been loosely correlated with COLL. These tickers have moved in lockstep 35% of the time. This A.I.-generated data suggests there is some statistical probability that if BHC jumps, then COLL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BHC
1D Price
Change %
BHC100%
+0.49%
COLL - BHC
35%
Loosely correlated
+1.12%
ELAN - BHC
35%
Loosely correlated
+0.63%
EBS - BHC
32%
Poorly correlated
+0.30%
PAHC - BHC
31%
Poorly correlated
-2.59%
DVAX - BHC
31%
Poorly correlated
+1.86%
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