BioXcel Therapeutics Inc (NASDAQ:BTAI) price on Thursday, December 26, rose 5.95% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.37.
A look at the stock’s price movement, the close in the last trading session was $0.35, moving within a range at $0.33 and $0.3995. The beta value (5-Year monthly) was 0.289. Turning to its 52-week performance, $4.17 and $0.30 were the 52-week high and 52-week low respectively. Overall, BTAI moved -20.85% over the past month.
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BioXcel Therapeutics Inc’s market cap currently stands at around $18.46 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 1.24M for the company’s revenue for the quarter, with a low and high estimate of 400k and 2.34M respectively. The average forecast suggests up to a 230.35% 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 3.8M, representing a 175.66% 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 BTAI is a 100% 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.
8 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 1 analyst(s) rate the stock as a Hold, 7 recommend BTAI 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.
BTAI’s current price about -6.27% and -29.16% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.22, while 7-day volatility ratio is 14.19% and 14.52% in the 30-day chart. Further, BioXcel Therapeutics Inc (BTAI) has a beta value of -0.02, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $1, forecast between a low of $1 and high of $1. Looking at the price targets, the low is -170.27% off current price level while to achieve the yearly target high, price needs to move -170.27%. Nonetheless, investors will most likely welcome a -170.27% jump to $1 which is the analysts’ median price.
If we refocus on BioXcel Therapeutics Inc (NASDAQ:BTAI), historical trading data shows that trading volumes averaged 0.79 over the past 10 days and 613.95K over the past 3 months. The company’s latest data on shares outstanding shows there are 42.46 million shares.
The 17.18% of BioXcel Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 17.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.35 million on 2024-10-31, giving us a short ratio of 0.93. The data shows that as of 2024-10-31 short interest in BioXcel Therapeutics Inc (BTAI) stood at 109.00000000000001 of shares outstanding, with shares short falling to 0.52 million registered in 2024-09-30. Current price change has pushed the stock -87.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BTAI stock continues to rise going into the next quarter.
