BELLUS Health Inc. (NASDAQ:BLU) price closed higher on Monday, September 13, jumping 21.94% above its previous close.
A look at the daily price movement shows that the last close reads $3.92, with intraday deals fluctuated between $3.6401 and $5.15. The company’s 5Y monthly beta was ticking -0.55. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.96 and 52-week low of $2.01. The stock added 40.59% on its value in the past month.
BELLUS Health Inc., which has a market valuation of $373.37 million, is expected to release its quarterly earnings report Nov 10, 2021 – Nov 15, 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BLU a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 9 analysts have assigned BLU a recommendation rating as follows: 0 rate it as a Hold; 9 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the BELLUS Health Inc. (BLU) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that BLU’s price is at present 35.05% off the SMA20 and 50.40% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 78.08, with weekly volatility standing at 12.95%. The indicator jumps to 7.51% when calculated based on the past 30 days. BELLUS Health Inc. (NASDAQ:BLU)’s beta value is holding at 0.23, while the average true range (ATR) indicator is currently reading 0.30. Considering analysts have assigned the stock a price target range of $4.75-$13.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $9.14. Based on this estimate, we see that current price is roughly 0.63% off the estimated low and -171.97% off the forecast high. Investors will no doubt be excited to see the share price fall to $8.95, which is the median consensus price, and at that level BLU would be -87.24% from current price.
An analysis of the BELLUS Health Inc. (NASDAQ:BLU) stock in terms of its daily trading volume indicates that the 3-month average is 457.98K. However, this figure increases on the past 10-day timeline to an average of 0.42 million.
Current records show that the company has 78.34M in outstanding shares. The insiders’ percentage holdings are 3.30% of outstanding shares while the percentage share held by institutions stands at 69.19%. The stats also highlight that short interest as of Aug 12, 2021, stood at 1.14 million shares, which puts the short ratio at the time at 2.84. From this we can glean that short interest is 1.46% of company’s current outstanding shares. Notably, we see that shares short in August fall slightly given the previous month’s figure stood at 1.17 million. But the 56.21% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.