Stocks

Why Bausch Health Companies Inc stock is sliding today

By Wealth Awesome Newsroom -
Stocks & ETFs:BHC.TO
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Bausch Health Companies Inc. faces a challenging day on the TSX as its stock slips by over 2%.

Bausch Health Companies Inc. (BHC.TO) has seen its stock price decline by 2.16% in the last trading session, closing at CA$6.79. This drop comes despite recent positive developments regarding its product PrOKEDI, which has been listed in the RAMQ formulary in Quebec.

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Bausch Health Companies Inc

BHC.TO

Full stock page โ†’

BHC.TO

Bausch Health Companies Inc

Source:WealthAwesomeWealthAwesome
โ†“ $1.02 (-12.81%)
120 day period
$6.57$7.54$8.51Jan 26Apr 22Jul 16

Market cap

$2.56B

52W high

$11.97

52W low

$6.45

1W change

+0.87%

Beta

0.42

Analyst Price Targets

Based on analyst covering BHC

๐Ÿ“ˆ

Wall Street analysts forecast BHC stock price to rise 1.0% over the next 12 months.

Consensus

Neutral

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$7.01

+1.0% Upside

Current Price

C$6.94

Last close

Analyst ratings and price targets are updated periodically. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on BHC's historical volatility

HistoricalForecast68%95%
C$3.14C$4.66C$6.17C$7.69C$9.20C$10.72TodayMar 10May 13Jul 16Aug 28Oct 11Nov 23

30-Day Vol

48.8%

Annualized

90-Day Vol

42.5%

Annualized

Trend (90d)

-50.0%

Annualized drift

90d Mean

C$5.81

Expected price

HorizonExpected68% Range (1ฯƒ)
30 trading daysC$6.54C$5.52 โ€“ C$7.74
60 trading daysC$6.16C$4.85 โ€“ C$7.82
90 trading daysC$5.81C$4.34 โ€“ C$7.77

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯƒ, 95% band = ยฑ2ฯƒ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

Investor takeaway: Investors should be cautious as Bausch Health's recent achievements may not be enough to offset current stock performance and market sentiment.

Bausch Health Companies Inc. stock down 2.16%

With a market cap of CA$2.56 billion and a profit margin of -11.47%, Bausch Health is struggling to gain investor confidence.

Bull case

The listing of PrOKEDI in the RAMQ formulary could improve access to treatment options, which might lead to increased revenue for Bausch Health in the long run.

Bear case

Despite this positive news, the stock's decline shows that investors are skeptical about the company's overall financial health and market position, especially considering its negative profit margin.

Stock Performance Overview

Bausch Health's stock closed at CA$6.79, reflecting a 2.16% decline in the last trading session. This drop raises questions about the company's market sentiment and future growth potential.

Recent Developments

Even with the stock's downturn, Bausch Health's announcement about the listing of PrOKEDI in the RAMQ formulary is a significant step forward. This injectable treatment for schizophrenia could potentially increase market access and revenue, yet investor confidence remains shaky.

Investor Sentiment

The negative profit margin of -11.47% and the stock's recent performance indicate that investors are wary of Bausch Health's financial stability. While the company is making strides in product access, the overall market reaction suggests a need for cautious optimism.


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