Now Is The Time To Build A Position In BioAtla Inc (NASDAQ:BCAB)

BioAtla Inc (NASDAQ:BCAB)’s traded shares stood at 2.61 million during the last session, with the company’s beta value hitting 1.02. At the close of trading, the stock’s price was $1.71, to imply a decrease of -14.07% or -$0.28 in intraday trading. The BCAB share’s 52-week high remains $4.02, putting it -135.09% down since that peak but still an impressive 33.33% since price per share fell to its 52-week low of $1.14. The company has a valuation of $82.67M, with an average of 1.12 million shares in intraday trading volume over the past 10 days and average of 1.24 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for BioAtla Inc (BCAB), translating to a mean rating of 1.50. Of 1 analyst(s) looking at the stock, 0 analyst(s) give BCAB a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 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 -0.38.

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BioAtla Inc (NASDAQ:BCAB) trade information

After registering a -14.07% downside in the last session, BioAtla Inc (BCAB) has traded red over the past five days. The 5-day price performance for the stock is -22.97%, and -12.76% over 30 days. With these gigs, the year-to-date price performance is -30.49%. Short interest in BioAtla Inc (NASDAQ:BCAB) saw shorts transact 4.87 million shares and set a 2.76 days time to cover.

The extremes give us $5 and $5 for target low and target high price respectively. As such, BCAB has been trading -192.4% off suggested target high and -192.4% from its likely low.

BioAtla Inc (BCAB) estimates and forecasts

Looking at statistics comparing BioAtla Inc share performance against respective industry, we note that the company has outperformed competitors. BioAtla Inc (BCAB) shares are -44.84% down over the last 6 months, with its year-to-date growth rate higher than industry average at 35.66% against 16.90%. Revenue is forecast to grow 32.14% this quarter before jumping 18.75% for the next one.

BCAB Dividends

BioAtla Inc has its next earnings report out in December. 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.

BioAtla Inc (NASDAQ:BCAB)’s Major holders

BioAtla Inc insiders hold 10.75% of total outstanding shares, with institutional holders owning 48.10% of the shares at 53.89% float percentage. In total, 48.10% institutions holds shares in the company, led by SOLEUS CAPITAL MANAGEMENT, L.P.. As of 2024-06-30, the company held over 3.9 million shares (or 8.113% of shares), all amounting to roughly $5.34 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.89 million shares, or about 3.9205% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.58 million.