Financial Metrics Exploration: Understanding Black Diamond Therapeutics Inc (BDTX) Through Ratios

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The closing price of Black Diamond Therapeutics Inc (NASDAQ: BDTX) was $7.20 for the day, down -2.57% from the previous closing price of $7.39. In other words, the price has decreased by -$2.57 from its previous closing price. On the day, 1.01 million shares were traded. BDTX stock price reached its highest trading level at $7.5 during the session, while it also had its lowest trading level at $7.02.


Our analysis of BDTX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 6.82 and its Current Ratio is at 6.82. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.19.

On June 30, 2023, Stifel Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $2 to $10.

H.C. Wainwright Upgraded its Neutral to Buy on June 28, 2023, while the target price for the stock was maintained at $11.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 17 ’23 when BIOTECH GROWTH N V bought 400,000 shares for $2.34 per share. The transaction valued at 934,080 led to the insider holds 8,517,839 shares of the business.

Behbahani Ali bought 1,000,000 shares of BDTX for $5,000,000 on Jul 05 ’23. The Director now owns 4,448,757 shares after completing the transaction at $5.00 per share. On Jul 05 ’23, another insider, RA CAPITAL MANAGEMENT, L.P., who serves as the Director of the company, bought 935,850 shares for $5.00 each. As a result, the insider paid 4,679,250 and bolstered with 3,213,828 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, BDTX now has a Market Capitalization of 378218144 and an Enterprise Value of 266266512.

Stock Price History:

Over the past 52 weeks, BDTX has reached a high of $7.66, while it has fallen to a 52-week low of $1.57. The 50-Day Moving Average of the stock is 40.92%, while the 200-Day Moving Average is calculated to be 103.86%.

Shares Statistics:

BDTX traded an average of 668.91K shares per day over the past three months and 857910 shares per day over the past ten days. A total of 51.65M shares are outstanding, with a floating share count of 38.73M. Insiders hold about 26.27% of the company’s shares, while institutions hold 66.11% stake in the company. Shares short for BDTX as of 1713139200 were 1760244 with a Short Ratio of 2.63, compared to 1710460800 on 1812637. Therefore, it implies a Short% of Shares Outstanding of 1760244 and a Short% of Float of 5.9499998.

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