Black Diamond Therapeutics Inc (NASDAQ: BDTX) Stock Jumping 23.80% Over A Month – Any Room For Its Value To Rise?

Black Diamond Therapeutics Inc (NASDAQ:BDTX)’s traded shares stood at 0.42 million during the last session, with the company’s beta value hitting 2.49. At the close of trading, the stock’s price was $6.19, to imply an increase of 5.81% or $0.34 in intraday trading. The BDTX share’s 52-week high remains $7.66, putting it -23.75% down since that peak but still an impressive 73.83% since price per share fell to its 52-week low of $1.62. The company has a valuation of $349.74M, with an average of 0.55 million shares in intraday trading volume over the past 10 days and average of 620.01K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Black Diamond Therapeutics Inc (BDTX), translating to a mean rating of 1.17. Of 3 analyst(s) looking at the stock, 0 analyst(s) give BDTX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.35.

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Black Diamond Therapeutics Inc (NASDAQ:BDTX) trade information

After registering a 5.81% upside in the last session, Black Diamond Therapeutics Inc (BDTX) has traded red over the past five days. The 5-day price performance for the stock is 14.63%, and 23.80% over 30 days. With these gigs, the year-to-date price performance is 120.28%. Short interest in Black Diamond Therapeutics Inc (NASDAQ:BDTX) saw shorts transact 6.07 million shares and set a 10.3 days time to cover.

The extremes give us $11 and $20 for target low and target high price respectively. As such, BDTX has been trading -223.1% off suggested target high and -77.71% from its likely low.

Black Diamond Therapeutics Inc (BDTX) estimates and forecasts

Looking at statistics comparing Black Diamond Therapeutics Inc share performance against respective industry, we note that the company has outperformed competitors. Black Diamond Therapeutics Inc (BDTX) shares are 36.34% up over the last 6 months, with its year-to-date growth rate higher than industry average at 25.53% against 19.70%. Revenue is forecast to grow 22.20% this quarter before falling -2.90% for the next one.

BDTX Dividends

Black Diamond Therapeutics Inc has its next earnings report out on 2024-Nov-04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Black Diamond Therapeutics Inc (NASDAQ:BDTX)’s Major holders

Black Diamond Therapeutics Inc insiders hold 2.33% of total outstanding shares, with institutional holders owning 95.23% of the shares at 97.50% float percentage. In total, 95.23% institutions holds shares in the company, led by T. ROWE PRICE INVESTMENT MANAGEMENT, INC.. As of 2024-06-30, the company held over 10.66 million shares (or 20.5751% of shares), all amounting to roughly $49.67 million.

The next major institution holding the largest number of shares is BELLEVUE GROUP AG with 8.52 million shares, or about 16.4409% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $39.69 million.