BioAtla Inc (NASDAQ:BCAB) Shares Surged 13.93% In A Week – But Will They Keep Going Up?

In recent trading session, BioAtla Inc (NASDAQ:BCAB) saw 0.47 million shares changing hands at last check today with its beta currently measuring 1.04. Company’s recent per share price level of $2.19 trading at $0.13 or 6.18% at last check today assigns it a market valuation of $105.73M. That most recent trading price of BCAB’s stock is at a discount of -83.56% from its 52-week high price of $4.02 and is indicating a premium of 47.95% from its 52-week low price of $1.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.58 million shares which gives us an average trading volume of 1.15 million if we extend that period to 3-months.

For BioAtla Inc (BCAB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.36 in the current quarter.

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BioAtla Inc (NASDAQ:BCAB) trade information

Upright in the green today for gaining 6.18%, in the last five days BCAB remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $2.19 price level, adding 1.35% to its value on the day. BioAtla Inc’s shares saw a change of -11.08% in year-to-date performance and have moved 13.93% in past 5-day. BioAtla Inc (NASDAQ:BCAB) showed a performance of 9.37% in past 30-days. Number of shares sold short was 5.24 million shares which calculate 2.96 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 56.2% to its recent value today. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -128.31% in reaching the projected high whereas dropping to the targeted low would mean a loss of -128.31% for stock’s current value.

BioAtla Inc (BCAB) estimates and forecasts

Statistics highlight that BioAtla Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -24.83% of value to its shares in past 6 months, showing an annual growth rate of 41.09% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

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 -25.30% during past 5 years.

BioAtla Inc (NASDAQ:BCAB)’s Major holders

Insiders are in possession of 10.76% of company’s total shares while institution are holding 51.25 percent of that, with stock having share float percentage of 57.43%. Investors also watch the number of corporate investors in a company very closely, which is 51.25% institutions for BioAtla Inc that are currently holding shares of the company. SOLEUS CAPITAL MANAGEMENT, L.P. is the top institutional holder at BCAB for having 3.9 million shares of worth $5.34 million. And as of 2024-06-30, it was holding 8.113 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.89 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.9205 of outstanding shares, having a total worth of $2.58 million.