Biocryst Pharmaceuticals Inc. (NASDAQ:BCRX) shares, rose in value on Friday, October 11, with the stock price up by 0.63% to the previous day’s close as strong demand from buyers drove the stock to $7.16.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.12, falling within a range of $7.0925 and $7.22. The value of beta (5-year monthly) is 1.876. Referring to stock’s 52-week performance, its high was $8.88, and the low was $4.03. On the whole, BCRX has fluctuated by -7.55% over the past month.
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With the market capitalization of Biocryst Pharmaceuticals Inc. currently standing at about $1.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-31.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 433.63M, with a low estimate of 101.5M and a high estimate of 115.39M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 112.39M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BCRX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The price of BCRX currently trading nearly -5.57% and -8.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.31, while the 7-day volatility ratio is showing 3.36% which for the 30-day chart, stands at 3.30%. Furthermore, Biocryst Pharmaceuticals Inc. (BCRX)’s beta value is 1.90, and its average true range (ATR) is 0.27.
A comparison of Biocryst Pharmaceuticals Inc. (BCRX) with its peers suggests the former has fared considerably weaker in the market. BCRX showed an intraday change of 0.63% in today’s session so far, and over the past year, it grew by 11.95%%.
Data on historical trading for Biocryst Pharmaceuticals Inc. (NASDAQ:BCRX) indicates that the trading volumes over the past 10 days have averaged 1.63 and over the past 3 months, they’ve averaged 2.16 million. According to company’s latest data on outstanding shares, there are 205.77 million shares outstanding.
Nearly 5.32% of Biocryst Pharmaceuticals Inc.’s shares belong to company insiders and institutional investors own 82.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.23 million shares as on 2024-09-30, resulting in a short ratio of 12.78. According to the data, the short interest in Biocryst Pharmaceuticals Inc. (BCRX) stood at 1132.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 24.06 million. The stock has risen by 19.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BCRX stock heading into the next quarter.
