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BiomX Inc. (AMEX: PHGE): A Stock Worth Watching

BiomX Inc. (AMEX:PHGE) shares, rose in value on Wednesday, 05/24/23, with the stock price up by 24.38% to the previous day’s close as strong demand from buyers drove the stock to $0.35.

Actively observing the price movement in the last trading, the stock closed the session at $0.28, falling within a range of $0.29 and $0.38. The value of beta (5-year monthly) was 1.31. Referring to stock’s 52-week performance, its high was $1.17, and the low was $0.13. On the whole, PHGE has fluctuated by 39.89% over the past month.

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With the market capitalization of BiomX Inc. currently standing at about $11.50 million, investors are eagerly awaiting this quarter’s results, scheduled for Jul 06, 2023 – Jul 12, 2023.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PHGE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.

2 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 2 recommend it as a Buy and 0 called the PHGE stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PHGE currently trading nearly 27.03% and 20.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.27, while the 7-day volatility ratio is showing 12.12% which for the 30-day chart, stands at 12.25%. Furthermore, BiomX Inc. (PHGE)’s beta value is 1.30, and its average true range (ATR) is 0.04. The company’s stock has been forecasted to trade at an average price of $6.50 over the course of the next 52 weeks, with a low of $6.00 and a high of $7.00. Based on these price targets, the low is -1614.29% off current price, whereas the price has to move -1900.0% to reach the yearly target high. Additionally, analysts’ median price of $6.50 is likely to be welcomed by investors because it represents a decrease of -1757.14% from the current levels.

Data on historical trading for BiomX Inc. (AMEX:PHGE) indicates that the trading volumes over the past 10 days have averaged 0.4 million and over the past 3 months, they’ve averaged 230.62K. According to company’s latest data on outstanding shares, there are 29.98 million shares outstanding.

Nearly 14.48% of BiomX Inc.’s shares belong to company insiders and institutional investors own 20.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.1 million shares as on Apr 27, 2023, resulting in a short ratio of 0.49. According to the data, the short interest in BiomX Inc. (PHGE) stood at 0.31% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 36990.0. The stock has risen by 87.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PHGE stock heading into the next quarter.

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