How to Buy Bristol Myers Squibb Co Stock
Bristol Myers Squibb Co
Bristol Myers Squibb Co is a general drug manufacturer company located in New York, United States, which is part of the Healthcare sector, and is traded under the ticker BMY on the NYSE exchange.
Bristol Myers Squibb Co stock last closed at $44.03, down 0.18% from the previous day, and has decreased 33.82% in one year. It has underperformed other stocks in the Drug Manufacturers - General industry by 0.52 percentage points. Bristol Myers Squibb Co stock is currently +1.61% from its 52-week low of $43.33, and -34.44% from its 52-week high of $67.16.
As of May 17, 2024, there are 2.03B BMY shares outstanding. The market value of BMY is $89.25B. In the last 24 hours, 15.41M BMY shares were traded.
How to Buy Bristol Myers Squibb Co Stock
Not sure how to invest in Bristol Myers Squibb Co stock? Here's how.
- Decide where to buy Bristol Myers Squibb Co stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Bristol Myers Squibb Co stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your payment method and add your details.
- Evaluate Bristol Myers Squibb Co stock: The Bristol Myers Squibb Co ticker symbol is BMY. Is Bristol Myers Squibb Co stock a good investment? Should you buy shares of BMY? How do BMY's underlying business fundamentals look? Do top analysts think Bristol Myers Squibb Co is a good buy? Why has BMY's stock price moved recently? (Hint: Our stock research tools can help you decide if BMY is a good stock to buy).
- Execute your BMY trade: Decide if you will purchase BMY shares at the current market price or use a limit order to purchase BMY shares at a specific price.
- Keep tabs on your investment in BMY: Create a watchlist to the latest updates on your position in Bristol Myers Squibb Co stock.
Step 1: Decide where to buy Bristol Myers Squibb Co stock
You will need an online brokerage account in order to access the NYSE market and buy BMY stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal details so you are able to invest in BMY stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new trading account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have filled out your info on the best stock investing app, your next step is to transfer the money for your investment:
Watch the video below for more details depositing money into your new brokerage account.
Step 4: Evaluate Bristol Myers Squibb Co stock
Once you have decided on the best place to buy Bristol Myers Squibb Co stock, it's crucial to evaluate their stock prior to investing, so you can understand the risk as well as the upside.
Bristol Myers Squibb Co Metrics
Bristol Myers Squibb Co Due Diligence Checks
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on BMY's stock page.
Is BMY stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge BMY's fair value.
Using relative valuations ratios:
- BMY may be undervalued based on its P/B ratio of 5.41x, relative to Drug Manufacturers - General industry P/B ratio of 6.42x
You can do more valuation analysis on BMY's stock here.
BMY Financial Health
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the BMY balance sheet.
- BMY's operating cash flow of $13.72B allows it to safely service it's debt of $55.68B.
Negative Financial Indicators:
- BMY earnings of -$5.86B is not enough to cover its interest payments.
- BMY profit margin has gone down from 15.9% to -13.5% in the past year.
- Total BMY debt is higher than 5 years ago, relative to shareholder equity.
- BMY has a relatively high debt to equity ratio of 5.
- There are more long-term liabilities than short-term assets on the BMY balance sheet.
Do analysts think it's a good time to buy BMY stock
Out of 5 sell side analysts who give recommendations on BMY, the consensus analyst rating on Bristol Myers Squibb Co is a Hold
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Bristol Myers Squibb Co stock forecast page.
BMY Technicals
BMY Earnings
Last year, BMY revenue was $45.53B. Over the past five year, BMY's revenue has gone up by 14.35% per year. This was faster than the Drug Manufacturers - General industry average of 7.29%.
Dive into BMY's earnings and revenue performance here.
Are BMY executives and large shareholders buying or selling the stock?
In the past year, insiders at BMY have sold more shares than they have bought.
Karin Shanahan, EVP Glob. Prod. Dev. Supply of BMY, was the latest BMY insider to sell. They sold $63,376.04 worth of BMY shares on Apr 1, 2024.
Learn more about who owns BMY shares here.
Can I rely on BMY as an income stream?
Bristol Myers Squibb Co pays a dividend of 5.31%, compared to the Drug Manufacturers - General industry's average dividend yield of 3.56%. If you owned $1,000 of BMY stock, you would have been paid $53.15 in the past 12 months.
Bristol Myers Squibb Co dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Bristol Myers Squibb Co dividend yield and history here.
Get analysis from other investors
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Execute your BMY trade
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price limit, use a limit order.
Press the Open button and eToro will execute your order.
If you want additional info about buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your investment in BMY
Now that you own some shares in BMY, you'll want to stay up-to-date on your shares.
Add BMY to a watchlist to get notified of the latest news about your BMY stock.
BMY Feed
How to Buy Stock in Bristol Myers Squibb Co
To reiterate, here are the 6 steps to buy stock in Bristol Myers Squibb Co:
- Decide where to buy Bristol Myers Squibb Co stock
- Create a brokerage account
- Put funds into your brokerage account
- Evaluate Bristol Myers Squibb Co stock
- Execute your BMY trade
- Keep tabs on your investment in BMY
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your investment in Bristol Myers Squibb Co, click the button below.
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