In today’s recent session, 0.49 million shares of the BioXcel Therapeutics Inc (NASDAQ:BTAI) have been traded, and its beta is 0.30. Most recently the company’s share price was $0.77, and it changed around $0.06 or 8.30% from the last close, which brings the market valuation of the company to $31.36M. BTAI at last check was trading at a discount to its 52-week high of $5.62, offering almost -629.87% off that amount. The share price’s 52-week low was $0.50, which indicates that the recent value has risen by an impressive 35.06% since then. We note from BioXcel Therapeutics Inc’s average daily trading volume that its 10-day average is 0.3 million shares, with the 3-month average coming to 501.08K.
BioXcel Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended BTAI as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
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BioXcel Therapeutics Inc (NASDAQ:BTAI) trade information
Instantly BTAI has been showing a green trend so far today with a performance of 8.30% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.8300 on recent trading dayincreased the stock’s daily price by 7.23%. The company’s shares are currently down -73.91% year-to-date, but still up 32.86% over the last five days. On the other hand, BioXcel Therapeutics Inc (NASDAQ:BTAI) is 37.10% up in the 30-day period. We can see from the shorts that 0.58 million shares have been sold at a short interest cover period of 0.89 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 92.3% from its current value. Analyst projections state that BTAI is forecast to be at a low of $1 and a high of $25.
BioXcel Therapeutics Inc (BTAI) estimates and forecasts
BioXcel Therapeutics 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 -69.69 percent over the past six months and at a 67.97% annual growth rate that is well above the industry average of 17.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -35.97%.
BTAI Dividends
BioXcel Therapeutics Inc’s next quarterly earnings report is expected to be released on 2024-Nov-12.
BioXcel Therapeutics Inc (NASDAQ:BTAI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 20.06% of BioXcel Therapeutics Inc shares, and 21.96% of them are in the hands of institutional investors. The stock currently has a share float of 27.47%. BioXcel Therapeutics Inc stock is held by 94.0 institutions, with ARMISTICE CAPITAL, LLC being the largest institutional investor. By 2024-06-30, it held 9.6767% of the shares, which is about 2.99 million shares worth $3.82 million.
FMR LLC, with 7.1439% or 2.21 million shares worth $2.82 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
