Bristol Myers Squibb Stock Price Prediction

BMY Stock  USD 54.23  0.98  1.84%   
At this time, The relative strength index (RSI) of Bristol Myers' share price is at 55 suggesting that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Bristol Myers, making its price go up or down.

Oversold Vs Overbought

55

 
Oversold
 
Overbought
Bristol-Myers Squibb stock price prediction is an act of determining the future value of Bristol Myers shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Bristol Myers' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Bristol Myers and does not consider all of the tangible or intangible factors available from Bristol Myers' fundamental data. We analyze noise-free headlines and recent hype associated with Bristol Myers Squibb, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Bristol Myers' stock price prediction:
Quarterly Earnings Growth
(0.09)
EPS Estimate Next Quarter
1.77
EPS Estimate Current Year
6.83
EPS Estimate Next Year
7.1
Wall Street Target Price
56
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Bristol Myers based on different types of headlines from major news networks to social media. The Bristol stock price prediction module provides an analysis of price elasticity to changes in media outlook on Bristol Myers over a specific investment horizon. Using Bristol Myers hype-based prediction, you can estimate the value of Bristol Myers Squibb from the perspective of Bristol Myers response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Bristol Myers using Bristol Myers' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Bristol using crowd psychology based on the activity and movement of Bristol Myers' stock price.

Bristol Myers Short Interest

A significant increase or decrease in Bristol Myers' short interest from the previous month could be a good indicator of investor sentiment towards Bristol. Short interest can provide insight into the potential direction of Bristol Myers stock and how bullish or bearish investors feel about the market overall. An investor who is long Bristol Myers may also wish to track short interest. As short interest increases, investors should be becoming more worried about Bristol Myers and may potentially protect profits, hedge Bristol Myers with its derivative instruments, or be ready for some potential downside.
200 Day MA
55.6417
Short Percent
0.0184
Short Ratio
1.89
Shares Short Prior Month
31.5 M
50 Day MA
50.792

Bristol-Myers Squibb Hype to Price Pattern

Investor biases related to Bristol Myers' public news can be used to forecast risks associated with an investment in Bristol. The trend in average sentiment can be used to explain how an investor holding Bristol can time the market purely based on public headlines and social activities around Bristol Myers Squibb. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Bristol Myers' market sentiment to its price can help taders to make decisions based on the overall investors consensus about Bristol Myers.

Bristol Myers Implied Volatility

    
  21.09  
Bristol Myers' implied volatility exposes the market's sentiment of Bristol Myers Squibb stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Bristol Myers' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Bristol Myers stock will not fluctuate a lot when Bristol Myers' options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Bristol Myers. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Bristol Myers to buy its stock at a price that has no basis in reality. In that case, they are not buying Bristol because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Bristol Myers after-hype prediction price

    
  USD 54.19  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current Bristol contract

Based on the Rule 16, the options market is currently suggesting that Bristol Myers Squibb will have an average daily up or down price movement of about 1.32% per day over the life of the 2024-04-05 option contract. With Bristol Myers trading at USD 54.23, that is roughly USD 0.71 . If you think that the market is fully incorporating Bristol Myers' daily price movement you should consider acquiring Bristol Myers Squibb options at the current volatility level of 21.09%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Check out Bristol Myers Basic Forecasting Models to cross-verify your projections.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bristol Myers' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Intrinsic
Valuation
LowRealHigh
48.8162.1363.32
Details
Naive
Forecast
LowNextHigh
51.9553.1454.33
Details
26 Analysts
Consensus
LowTargetHigh
65.1371.5779.44
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.301.471.94
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bristol Myers. Your research has to be compared to or analyzed against Bristol Myers' peers to derive any actionable benefits. When done correctly, Bristol Myers' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bristol-Myers Squibb.

Bristol Myers After-Hype Price Prediction Density Analysis

As far as predicting the price of Bristol Myers at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Bristol Myers or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Bristol Myers, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Bristol Myers Estimiated After-Hype Price Volatility

In the context of predicting Bristol Myers' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Bristol Myers' historical news coverage. Bristol Myers' after-hype downside and upside margins for the prediction period are 53.00 and 55.38, respectively. We have considered Bristol Myers' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
54.23
54.19
After-hype Price
55.38
Upside
Bristol Myers is very steady at this time. Analysis and calculation of next after-hype price of Bristol-Myers Squibb is based on 3 months time horizon.

Bristol Myers Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company such as Bristol Myers is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bristol Myers backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Bristol Myers, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.07 
1.15
  0.02 
  0.04 
8 Events / Month
6 Events / Month
In about 8 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
54.23
54.19
0.07 
359.38  
Notes

Bristol Myers Hype Timeline

On the 29th of March Bristol-Myers Squibb is traded for 54.23. The entity has historical hype elasticity of -0.02, and average elasticity to hype of competition of 0.04. Bristol is expected to decline in value after the next headline, with the price expected to drop to 54.19. The average volatility of media hype impact on the company price is over 100%. The price depreciation on the next news is expected to be -0.07%, whereas the daily expected return is currently at 0.07%. The volatility of related hype on Bristol Myers is about 195.33%, with the expected price after the next announcement by competition of 54.27. About 79.0% of the company shares are held by institutions such as insurance companies. The book value of Bristol Myers was currently reported as 14.56. The company has Price/Earnings To Growth (PEG) ratio of 2.42. Bristol-Myers Squibb last dividend was issued on the 4th of April 2024. The entity had 1000000:95 split on the 7th of August 2001. Considering the 90-day investment horizon the next expected press release will be in about 8 days.
Check out Bristol Myers Basic Forecasting Models to cross-verify your projections.

Bristol Myers Related Hype Analysis

Having access to credible news sources related to Bristol Myers' direct competition is more important than ever and may enhance your ability to predict Bristol Myers' future price movements. Getting to know how Bristol Myers rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Bristol Myers may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
CVXChevron Corp(0.09)8 per month 1.04 (0.04) 1.99 (1.96) 5.97 
MCDMcDonalds 0.95 9 per month 0.00 (0.17) 1.54 (1.42) 5.99 
BACBank Of America 0.91 9 per month 0.86  0.06  2.07 (1.56) 6.11 
AAAlcoa Corp 0.54 9 per month 3.19 (0.02) 5.35 (5.45) 15.82 
KOThe Coca Cola 0.57 11 per month 0.45 (0.07) 1.20 (0.81) 3.53 
WMTWalmart 0.17 8 per month 0.35  0.11  1.46 (0.96) 4.93 
IBMInternational Business Machines 1.09 10 per month 0.88  0.08  2.58 (2.04) 11.73 
XOMExxon Mobil Corp 0.57 8 per month 0.80  0.08  2.04 (1.67) 4.66 

Bristol Myers Additional Predictive Modules

Most predictive techniques to examine Bristol price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Bristol using various technical indicators. When you analyze Bristol charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Bristol Myers Predictive Indicators

The successful prediction of Bristol Myers stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Bristol Myers Squibb, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Bristol Myers based on analysis of Bristol Myers hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Bristol Myers's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Bristol Myers's related companies.
 2021 2022 2023 2024 (projected)
Dividend Yield0.03170.030.04470.0374
Price To Sales Ratio2.993.342.362.98

Story Coverage note for Bristol Myers

The number of cover stories for Bristol Myers depends on current market conditions and Bristol Myers' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Bristol Myers is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Bristol Myers' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Bristol Myers Short Properties

Bristol Myers' future price predictability will typically decrease when Bristol Myers' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Bristol Myers Squibb often depends not only on the future outlook of the potential Bristol Myers' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Bristol Myers' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding2.1 B
Cash And Short Term Investments12.3 B
When determining whether Bristol-Myers Squibb offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bristol Myers' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bristol Myers Squibb Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bristol Myers Squibb Stock:
Check out Bristol Myers Basic Forecasting Models to cross-verify your projections.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Bristol Myers' price analysis, check to measure Bristol Myers' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bristol Myers is operating at the current time. Most of Bristol Myers' value examination focuses on studying past and present price action to predict the probability of Bristol Myers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bristol Myers' price. Additionally, you may evaluate how the addition of Bristol Myers to your portfolios can decrease your overall portfolio volatility.
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Is Bristol Myers' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bristol Myers. If investors know Bristol will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bristol Myers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.09)
Dividend Share
2.31
Earnings Share
3.93
Revenue Per Share
21.753
Quarterly Revenue Growth
0.006
The market value of Bristol-Myers Squibb is measured differently than its book value, which is the value of Bristol that is recorded on the company's balance sheet. Investors also form their own opinion of Bristol Myers' value that differs from its market value or its book value, called intrinsic value, which is Bristol Myers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bristol Myers' market value can be influenced by many factors that don't directly affect Bristol Myers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bristol Myers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bristol Myers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bristol Myers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.