In the latest session, BridgeBio Pharma Inc. (NASDAQ: BBIO) closed at $13.81 down -3.09% from its previous closing price of $14.25. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 2088479 shares were traded. BBIO stock price reached its highest trading level at $14.31 during the session, while it also had its lowest trading level at $13.71.
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For a deeper understanding of BridgeBio Pharma Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.50 and its Current Ratio is at 4.50.
Upgrades & Downgrades
On December 27, 2021, SVB Leerink reiterated its Outperform rating and also upped its target price recommendation from $66 to $24.
Mizuho reiterated its Buy rating for the stock on December 27, 2021, while the target price for the stock was revised from $86 to $25.
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 03 when Kumar Neil sold 120,000 shares for $10.96 per share. The transaction valued at 1,315,224 led to the insider holds 1,252,722 shares of the business.
STEPHENSON BRIAN C sold 62,692 shares of BBIO for $687,148 on Mar 03. The Secretary, Treasurer & CFO now owns 156,837 shares after completing the transaction at $10.96 per share. On Feb 17, another insider, Kumar Neil, who serves as the CEO and President of the company, sold 44,798 shares for $12.70 each. As a result, the insider received 569,073 and left with 4,813,197 shares of the company.
For the stock, the TTM Price-to-Sale (P/S) ratio is 29.56.
Stock Price History:
Over the past 52 weeks, BBIO has reached a high of $19.94, while it has fallen to a 52-week low of $4.98. The 50-Day Moving Average of the stock is 10.92, while the 200-Day Moving Average is calculated to be 9.95.
For the past three months, BBIO has traded an average of 2.58M shares per day and 7.64M over the past ten days. A total of 149.37M shares are outstanding, with a floating share count of 107.05M. Insiders hold about 4.30% of the company’s shares, while institutions hold 98.10% stake in the company. Shares short for BBIO as of Jan 30, 2023 were 18.65M with a Short Ratio of 16.75M, compared to 19M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 12.48% and a Short% of Float of 22.33%.
There are 9 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.85 for the current quarter, with a high estimate of -$0.71 and a low estimate of -$1.14, while EPS last year was -$1.01. The consensus estimate for the next quarter is -$0.85, with high estimates of -$0.7 and low estimates of -$0.94.
Analysts are recommending an EPS of between -$3.05 and -$3.48 for the fiscal current year, implying an average EPS of -$3.21. EPS for the following year is -$3.13, with 9 analysts recommending between -$2.42 and -$3.68.
A total of 10 analysts have provided revenue estimates for BBIO’s current fiscal year. The highest revenue estimate was $101.26M, while the lowest revenue estimate was $75.78M, resulting in an average revenue estimate of $80.34M. In the same quarter a year ago, actual revenue was $69.72M, up 15.20% from the average estimate.