Biohaven Ltd (NYSE:BHVN) shares, rose in value on Friday, November 01, with the stock price up by 2.25% to the previous day’s close as strong demand from buyers drove the stock to $50.88.
Actively observing the price movement in the last trading, the stock closed the session at $49.76, falling within a range of $49.14 and $50.935. The value of beta (5-year monthly) was 4.109. Referring to stock’s 52-week performance, its high was $62.21, and the low was $26.39. On the whole, BHVN has fluctuated by 9.07% over the past month.
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With the market capitalization of Biohaven Ltd currently standing at about $5.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-08.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BHVN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of BHVN currently trading nearly -1.97% and 10.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.79, while the 7-day volatility ratio is showing 4.44% which for the 30-day chart, stands at 4.72%. Furthermore, Biohaven Ltd (BHVN)’s beta value is 4.12, and its average true range (ATR) is 2.34.
A comparison of Biohaven Ltd (BHVN) with its peers suggests the former has fared considerably weaker in the market. BHVN showed an intraday change of 2.25% in last session, and over the past year, it grew by 72.53%%.
Data on historical trading for Biohaven Ltd (NYSE:BHVN) indicates that the trading volumes over the past 10 days have averaged 0.66 and over the past 3 months, they’ve averaged 973.70K. According to company’s latest data on outstanding shares, there are 94.54 million shares outstanding.
Nearly 12.91% of Biohaven Ltd’s shares belong to company insiders and institutional investors own 88.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.33 million shares as on 2024-10-15, resulting in a short ratio of 6.25. According to the data, the short interest in Biohaven Ltd (BHVN) stood at 1038.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 9.99 million. The stock has risen by 18.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BHVN stock heading into the next quarter.
