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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 in +4.10% Uptrend, advancing for three consecutive days on July 17, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BHC advanced for three days, in of 290 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 17, 2024. You may want to consider a long position or call options on BHC as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

BHC moved above its 50-day moving average on July 01, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BHC crossed bullishly above the 50-day moving average on July 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 168 cases where BHC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for BHC moved out of overbought territory on July 18, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 29 similar instances where the indicator moved out of overbought territory. In of the 29 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 21 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

BHC broke above its upper Bollinger Band on July 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 67%.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (52.351). P/E Ratio (13.387) is within average values for comparable stocks, (85.761). BHC's Projected Growth (PEG Ratio) (0.011) is slightly lower than the industry average of (2.825). Dividend Yield (0.000) settles around the average of (0.118) among similar stocks. P/S Ratio (0.433) is also within normal values, averaging (21.439).

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

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 3.14B. The market cap for tickers in the group ranges from 246 to 77.48B. ZTS holds the highest valuation in this group at 77.48B. 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 -1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 49%. AGYTF experienced the highest price growth at 200%, while HSTI experienced the biggest fall at -75%.

Volume

The average weekly volume growth across all stocks in the Pharmaceuticals: Other Industry was -9%. For the same stocks of the Industry, the average monthly volume growth was -46% and the average quarterly volume growth was -41%

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: 71
Price Growth Rating: 51
SMR Rating: 87
Profit Risk Rating: 92
Seasonality Score: 2 (-100 ... +100)
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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
20270
Web
https://www.bauschhealth.com
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