In the last trading session, 0.42 million BioXcel Therapeutics Inc (NASDAQ:BTAI) shares changed hands as the company’s beta touched -0.01. With the company’s per share price at $0.35 changed hands at $0.0 or 1.36% during last session, the market valuation stood at $17.36M. BTAI’s last price was a discount, traded about -1091.43% off its 52-week high of $4.17. The share price had its 52-week low at $0.30, which suggests the last value was 14.29% up since then. When we look at BioXcel Therapeutics Inc’s average trading volume, we note the 10-day average is 0.8 million shares, with the 3-month average coming to 616.34K.
Analysts gave the BioXcel Therapeutics Inc (BTAI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended BTAI as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. BioXcel Therapeutics Inc’s EPS for the current quarter is expected to be -0.31.
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BioXcel Therapeutics Inc (NASDAQ:BTAI) trade information
Instantly BTAI was in green as seen at the end of in last trading. With action -10.31%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -88.14%, with the 5-day performance at -10.31% in the red. However, in the 30-day time frame, BioXcel Therapeutics Inc (NASDAQ:BTAI) is -31.26% down. Looking at the short shares, we see there were 0.35 million shares sold at short interest cover period of 0.93 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1, meaning bulls need an upside of 65.0% from its current market value. According to analyst projections, BTAI’s forecast low is 1 with 1 as the target high. To hit the forecast high, the stock’s price needs a -185.71% plunge from its current level, while the stock would need to soar -185.71% for it to hit the projected low.
BioXcel Therapeutics Inc (BTAI) estimates and forecasts
Data shows that the BioXcel Therapeutics Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -73.49% over the past 6 months, a 70.73% in annual growth rate that is considerably higher than the industry average of 16.70%. Year-over-year growth is forecast to reach 175.66% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 1.24M. The company’s revenue for the corresponding quarters a year ago was 376k. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 230.35%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -35.97%. The 2024 estimates are for BioXcel Therapeutics Inc earnings to increase by 72.25%.
BTAI Dividends
BioXcel Therapeutics Inc is expected to release its next quarterly earnings report in January.
BioXcel Therapeutics Inc (NASDAQ:BTAI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 20.06% of BioXcel Therapeutics Inc shares while 8.76% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 10.96%. There are 8.76% institutions holding the BioXcel Therapeutics Inc stock share, with ARMISTICE CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 9.6767% of the shares, roughly 2.99 million BTAI shares worth $3.82 million.
FMR LLC holds the second largest percentage of outstanding shares, with 7.1439% or 2.21 million shares worth $2.82 million as of 2024-06-30.
