In the last trading session, 1.25 million shares of the BioAtla Inc (NASDAQ:BCAB) were traded, and its beta was 1.01. Most recently the company’s share price was $2.15, and it changed around -$0.05 or -2.27% from the last close, which brings the market valuation of the company to $103.93M. BCAB currently trades at a discount to its 52-week high of $4.02, offering almost -86.98% off that amount. The share price’s 52-week low was $1.14, which indicates that the current value has risen by an impressive 46.98% since then. We note from BioAtla Inc’s average daily trading volume that its 10-day average is 2.99 million shares, with the 3-month average coming to 1.18 million.
BioAtla 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 5 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended BCAB as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. BioAtla Inc is expected to report earnings per share of -0.36 for the current quarter.
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BioAtla Inc (NASDAQ:BCAB) trade information
Instantly BCAB has showed a red trend with a performance of -2.27% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.40 on recent trading dayincreased the stock’s daily price by 10.42%. The company’s shares are currently down -12.60% year-to-date, but still up 22.16% over the last five days. On the other hand, BioAtla Inc (NASDAQ:BCAB) is 23.56% up in the 30-day period. We can see from the shorts that 4.45 million shares have been sold at a short interest cover period of 4.52 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 57.0% from its current value. Analyst projections state that BCAB is forecast to be at a low of $5 and a high of $5.
BioAtla Inc (BCAB) estimates and forecasts
BioAtla 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 -43.86 percent over the past six months and at a 41.09% annual growth rate that is well above the industry average of 17.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 48.60% in revenue this quarter, and will report an increase of 28.60% in the next quarter.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.30%.
BCAB Dividends
BioAtla Inc’s next quarterly earnings report is expected to be released in November.
BioAtla Inc (NASDAQ:BCAB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.76% of BioAtla Inc shares, and 50.51% of them are in the hands of institutional investors. The stock currently has a share float of 56.60%. BioAtla Inc stock is held by 101.0 institutions, with SOLEUS CAPITAL MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 8.113% of the shares, which is about 3.9 million shares worth $5.34 million.
VANGUARD GROUP INC, with 3.9205% or 1.89 million shares worth $2.58 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
