After finishing at $32.35 in the prior trading day, BridgeBio Pharma Inc (NASDAQ: BBIO) closed at $29.60, down -8.51%. In other words, the price has decreased by -$2.75 from its previous closing price. On the day, 3858663 shares were traded.
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Ratios:
Our goal is to gain a better understanding of BBIO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.32 and its Current Ratio is at 3.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on January 31, 2024, initiated with a Market Perform rating and assigned the stock a target price of $37.
On December 08, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $58.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 01 when Scott Randal W. sold 2,500 shares for $34.00 per share. The transaction valued at 85,000 led to the insider holds 6,500 shares of the business.
Valantine Hannah sold 2,915 shares of BBIO for $110,041 on Feb 15. The Director now owns 1,764 shares after completing the transaction at $37.75 per share. On Jan 16, another insider, Valantine Hannah, who serves as the Director of the company, sold 2,915 shares for $37.97 each. As a result, the insider received 110,683 and left with 1,764 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BBIO now has a Market Capitalization of 5.20B and an Enterprise Value of 6.51B. For the stock, the TTM Price-to-Sale (P/S) ratio is 559.63. Its current Enterprise Value per Revenue stands at 699.73 whereas that against EBITDA is -11.51.
Stock Price History:
Over the past 52 weeks, BBIO has reached a high of $44.32, while it has fallen to a 52-week low of $11.75. The 50-Day Moving Average of the stock is 36.75, while the 200-Day Moving Average is calculated to be 28.53.
Shares Statistics:
The stock has traded on average 1.85M shares per day over the past 3-months and 1.59M shares per day over the last 10 days, according to various share statistics. A total of 175.08M shares are outstanding, with a floating share count of 129.58M. Insiders hold about 26.31% of the company’s shares, while institutions hold 74.83% stake in the company. Shares short for BBIO as of Feb 15, 2024 were 14M with a Short Ratio of 7.56, compared to 16.12M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.96% and a Short% of Float of 12.90%.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of -$0.91 for the current quarter, with a high estimate of -$0.38 and a low estimate of -$1.18, while EPS last year was -$0.92. The consensus estimate for the next quarter is -$1, with high estimates of -$0.79 and low estimates of -$1.27.
Analysts are recommending an EPS of between -$1.76 and -$5.03 for the fiscal current year, implying an average EPS of -$3.61. EPS for the following year is -$3.1, with 9 analysts recommending between -$1.96 and -$4.85.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for BBIO’s current fiscal year. The highest revenue estimate was $459.78M, while the lowest revenue estimate was $7.1M, resulting in an average revenue estimate of $101.96M. In the same quarter a year ago, actual revenue was $9.3M, up 996.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $193.52M in the next fiscal year. The high estimate is $256.97M and the low estimate is $61.3M. The average revenue growth estimate for next year is up 89.80% from the average revenue estimate for this year.
