Biocryst Pharmaceuticals Inc (NASDAQ:BCRX) shares, rose in value on Thursday, November 21, with the stock price up by 2.60% to the previous day’s close as strong demand from buyers drove the stock to $7.49.
Actively observing the price movement in the last trading, the stock closed the session at $7.30, falling within a range of $7.02 and $7.51. The value of beta (5-year monthly) was 1.887. 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 -7.07% over the past month.
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With the market capitalization of Biocryst Pharmaceuticals Inc currently standing at about $1.55 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 446.22M, with a low estimate of 126.23M and a high estimate of 129.51M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 127.72M.
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 50% Buy 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 stock’s technical analysis shows that the price of BCRX currently trading nearly -2.60% and -2.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.27, while the 7-day volatility ratio is showing 5.80% which for the 30-day chart, stands at 5.57%. Furthermore, Biocryst Pharmaceuticals Inc (BCRX)’s beta value is 1.81, and its average true range (ATR) is 0.41.
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 2.60% in last session, and over the past year, it grew by 46.86%%.
Data on historical trading for Biocryst Pharmaceuticals Inc (NASDAQ:BCRX) indicates that the trading volumes over the past 10 days have averaged 1.84 and over the past 3 months, they’ve averaged 1.96 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 82.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.83 million shares as on 2024-10-31, resulting in a short ratio of 13.03. According to the data, the short interest in Biocryst Pharmaceuticals Inc (BCRX) stood at 1014.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 23.23 million. The stock has risen by 25.04% 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.
