BeyondSpring Inc. (NASDAQ:BYSI) price closed lower on Tuesday, September 14, dropping -3.71% below its previous close.
A look at the daily price movement shows that the last close reads $23.43, with intraday deals fluctuated between $21.87 and $24.0781. The company’s 5Y monthly beta was ticking 0.86. Taking into account the 52-week price action we note that the stock hit a 52-week high of $33.00 and 52-week low of $8.90. The stock added 3.96% on its value in the past month.
BeyondSpring Inc., which has a market valuation of $878.04 million, is expected to release its quarterly earnings report Nov 15, 2021 – Nov 19, 2021. Analysts tracking BYSI have forecast the quarterly EPS to shrink by -0.38 per share this quarter, while the same analysts predict the annual EPS to hit -$1.9 for the year 2021 and up to -$0.91 for 2022. In this case, analysts estimate an annual EPS growth of 6.40% for the year and 52.10% for the next year.
Staying with the analyst view, there is a consensus estimate of $5.83 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 3,138.90% above that which the company brought in 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 3 upward and no downward reviews. On the technical perspective front, indicators give BYSI a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% 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, 7 analysts have assigned BYSI a recommendation rating as follows: 0 rate it as a Hold; 6 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the BeyondSpring Inc. (BYSI) 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 BYSI’s price is at present -9.08% off the SMA20 and 24.07% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.56, with weekly volatility standing at 9.17%. The indicator jumps to 11.76% when calculated based on the past 30 days. BeyondSpring Inc. (NASDAQ:BYSI)’s beta value is holding at 0.91, while the average true range (ATR) indicator is currently reading 2.97. Considering analysts have assigned the stock a price target range of $38.00-$100.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $61.17. Based on this estimate, we see that current price is roughly -68.44% off the estimated low and -343.26% off the forecast high. Investors will no doubt be excited to see the share price fall to $47.50, which is the median consensus price, and at that level BYSI would be -110.55% from current price.
Turning out attention to how the BeyondSpring Inc. stock has performed in comparison to its peers in the industry, here’s what we find: BYSI’s stock is -3.71% on the day and 59.55% in the past 12 months. Another comparison is with Omeros Corporation (OMER) whose stock price was down -2.20% in the last trading session, and has flourished 27.00% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.57% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.84%.
An analysis of the BeyondSpring Inc. (NASDAQ:BYSI) stock in terms of its daily trading volume indicates that the 3-month average is 3.16 million.
Current records show that the company has 38.92M in outstanding shares. The insiders’ percentage holdings are 71.61% of outstanding shares while the percentage share held by institutions stands at 20.50%. But the 84.92% 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.