BridgeBio Pharma Inc (NASDAQ:BBIO) price on current trading day, rose 2.35% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $25.37.
A look at the stock’s price movement, the level at last check in today’s session was $24.79, moving within a range at $24.79 and $25.74. The beta value (5-Year monthly) was 1.086. Turning to its 52-week performance, $44.32 and $21.62 were the 52-week high and 52-week low respectively. Overall, BBIO moved -3.68% over the past month.
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BridgeBio Pharma Inc’s market cap currently stands at around $4.79 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-12.
Analysts have a consensus estimate of 2.76M for the company’s revenue for the quarter, with a low and high estimate of 500k and 6.24M respectively. The average forecast suggests up to a 58.03% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 219.62M, representing a 2,260.79% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BBIO is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 9 recommend BBIO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BBIO’s current price about 1.40% and -1.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.57, while 7-day volatility ratio is 6.30% and 4.68% in the 30-day chart. Further, BridgeBio Pharma Inc (BBIO) has a beta value of 1.05, and an average true range (ATR) of 1.26. Analysts have given the company’s stock an average 52-week price target of $46, forecast between a low of $19 and high of $58. Looking at the price targets, the low is 25.11% off recent price level in today’s trading while to achieve the yearly target high, it has to move -128.62%. Nonetheless, investors will most likely welcome a -81.32% jump to $46 which is the analysts’ median price.
If we refocus on BridgeBio Pharma Inc (NASDAQ:BBIO), historical trading data shows that trading volumes averaged 1.7 over the past 10 days and 1.98 million over the past 3 months. The company’s latest data on shares outstanding shows there are 175.08 million shares.
The 21.87% of BridgeBio Pharma Inc’s shares are in the hands of company insiders while institutional holders own 76.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.2 million on 2024-10-31, giving us a short ratio of 10.93. The data shows that as of 2024-10-31 short interest in BridgeBio Pharma Inc (BBIO) stood at 1408.0 of shares outstanding, with shares short falling to 18.63 million registered in 2024-09-30. Current price change has pushed the stock -37.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BBIO stock continues to rise going into the next quarter.
