In last trading session, BioXcel Therapeutics Inc (NASDAQ:BTAI) saw 0.77 million shares changing hands with its beta currently measuring 0.27. Company’s recent per share price level of $0.60 trading at $0.07 or 12.84% at ring of the bell on the day assigns it a market valuation of $24.56M. That closing price of BTAI’s stock is at a discount of -836.67% from its 52-week high price of $5.62 and is indicating a premium of 16.67% from its 52-week low price of $0.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.99 million shares which gives us an average trading volume of 617.75K if we extend that period to 3-months.
For BioXcel Therapeutics Inc (BTAI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.52 in the current quarter.
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BioXcel Therapeutics Inc (NASDAQ:BTAI) trade information
Upright in the green during last session for gaining 12.84%, in the last five days BTAI remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $0.60 price level, adding 2.72% to its value on the day. BioXcel Therapeutics Inc’s shares saw a change of -79.56% in year-to-date performance and have moved 4.56% in past 5-day. BioXcel Therapeutics Inc (NASDAQ:BTAI) showed a performance of -0.31% in past 30-days. Number of shares sold short was 0.7 million shares which calculate 1.76 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 94.0% to its current value. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 25. It follows that stock’s current price would drop -66.67% in reaching the projected high whereas dropping to the targeted low would mean a loss of -66.67% for stock’s current value.
BioXcel Therapeutics Inc (BTAI) estimates and forecasts
Statistics highlight that BioXcel Therapeutics Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -78.62% of value to its shares in past 6 months, showing an annual growth rate of 70.08% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 246.40% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.33M for the same. And 5 analysts are in estimates of company making revenue of 1.77M in the next quarter. Company posted 341k and 376k of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -35.97% during past 5 years.
BioXcel Therapeutics Inc (NASDAQ:BTAI)’s Major holders
Insiders are in possession of 20.06% of company’s total shares while institution are holding 21.83 percent of that, with stock having share float percentage of 27.31%. Investors also watch the number of corporate investors in a company very closely, which is 21.83% institutions for BioXcel Therapeutics Inc that are currently holding shares of the company. ARMISTICE CAPITAL, LLC is the top institutional holder at BTAI for having 2.99 million shares of worth $3.82 million. And as of 2024-06-30, it was holding 9.6767 of the company’s outstanding shares.
The second largest institutional holder is FMR LLC, which was holding about 2.21 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.1439 of outstanding shares, having a total worth of $2.82 million.
