Bio-Path Holdings Inc (NASDAQ: BPTH) In 2024: Is This Company Worth Thinking About Investing In?

In recent trading session today, 56.73 million shares of the Bio-Path Holdings Inc (NASDAQ:BPTH) have been traded, and its beta is 0.23. Most recently the company’s share price was $1.18, and it changed around $0.33 or 38.65% from the last close, which brings the market valuation of the company to $3.01M. BPTH at last check was trading at a discount to its 52-week high of $21.60, offering almost -1730.51% off that amount. The share price’s 52-week low was $0.85, which indicates that the recent value has risen by an impressive 27.97% since then. We note from Bio-Path Holdings Inc’s average daily trading volume that its 10-day average is 88130.0 shares, with the 3-month average coming to 333.46K.

Bio-Path Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended BPTH as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Bio-Path Holdings Inc is expected to report earnings per share of -1.02 for the current quarter.

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Bio-Path Holdings Inc (NASDAQ:BPTH) trade information

Instantly BPTH has been showing a green trend so far today with a performance of 38.65% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.4400 on recent trading dayincreased the stock’s daily price by 18.06%. The company’s shares are currently down -87.25% year-to-date, but still up 34.13% over the last five days. On the other hand, Bio-Path Holdings Inc (NASDAQ:BPTH) is 19.23% up in the 30-day period. We can see from the shorts that 16350.0 shares have been sold at a short interest cover period of 0.02 day(s).

Bio-Path Holdings Inc (BPTH) estimates and forecasts

Bio-Path Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -69.10 percent over the past six months and at a 81.56% annual growth rate that is well above the industry average of 19.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 84.10% in revenue this quarter, and will report an increase of 85.70% in the next quarter.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 34.89%.

BPTH Dividends

Bio-Path Holdings Inc’s next quarterly earnings report is expected to be released on 2024-Nov-13.

Bio-Path Holdings Inc (NASDAQ:BPTH)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.07% of Bio-Path Holdings Inc shares, and 5.59% of them are in the hands of institutional investors. The stock currently has a share float of 5.59%.