Biohaven Ltd (NYSE: BHVN) Has Succeeded To Excite In 2024, The Stock Is Up 11.29% Year-To-Date

Biohaven Ltd (NYSE:BHVN)’s traded shares stood at 0.53 million during the last session, with the company’s beta value hitting 4.17. At the close of trading, the stock’s price was $47.63, to imply an increase of 2.10% or $0.98 in intraday trading. The BHVN share’s 52-week high remains $62.21, putting it -30.61% down since that peak but still an impressive 53.56% since price per share fell to its 52-week low of $22.12. The company has a valuation of $4.50B, with an average of 1.94 million shares in intraday trading volume over the past 10 days and average of 976.95K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Biohaven Ltd (BHVN), translating to a mean rating of 1.13. Of 7 analyst(s) looking at the stock, 0 analyst(s) give BHVN a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 7 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 -1.7.

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Biohaven Ltd (NYSE:BHVN) trade information

After registering a 2.10% upside in the last session, Biohaven Ltd (BHVN) has traded red over the past five days. The 5-day price performance for the stock is -6.61%, and 29.01% over 30 days. With these gigs, the year-to-date price performance is 11.29%. Short interest in Biohaven Ltd (NYSE:BHVN) saw shorts transact 9.99 million shares and set a 14.61 days time to cover.

The extremes give us $23 and $68 for target low and target high price respectively. As such, BHVN has been trading -42.77% off suggested target high and 51.71% from its likely low.

Biohaven Ltd (BHVN) estimates and forecasts

Looking at statistics comparing Biohaven Ltd share performance against respective industry, we note that the company has underperformed competitors. Biohaven Ltd (BHVN) shares are -9.31% down over the last 6 months, with its year-to-date growth rate lower than industry average at -55.67% against 17.60%. Revenue is forecast to shrink -13.30% this quarter before jumping 10.50% for the next one.

Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 9.09M.

BHVN Dividends

Biohaven Ltd has its next earnings report out on 2024-Aug-08. 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.

Biohaven Ltd (NYSE:BHVN)’s Major holders

Biohaven Ltd insiders hold 11.47% of total outstanding shares, with institutional holders owning 86.06% of the shares at 97.21% float percentage. In total, 86.06% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 7.27 million shares (or 8.9114% of shares), all amounting to roughly $252.41 million.

The next major institution holding the largest number of shares is STIFEL FINANCIAL CORP with 6.48 million shares, or about 7.9417% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $224.94 million.