Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Biohaven Ltd (NYSE: BHVN) closed at $40.69 in the last session, up 1.98% from day before closing price of $39.90. In other words, the price has increased by $1.98 from its previous closing price. On the day, 0.78 million shares were traded. BHVN stock price reached its highest trading level at $42.105 during the session, while it also had its lowest trading level at $40.45.
Ratios:
We take a closer look at BHVN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 7.98 and its Current Ratio is at 7.98. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
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, RBC Capital Mkts on February 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $62.
On February 06, 2024, UBS started tracking the stock assigning a Buy rating and target price of $59.
On December 22, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $50.H.C. Wainwright initiated its Buy rating on December 22, 2023, with a $50 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 24 ’24 when Bailey Gregory bought 25,503 shares for $39.18 per share. The transaction valued at 999,169 led to the insider holds 1,600,071 shares of the business.
CHILDS JOHN W bought 195,121 shares of BHVN for $7,999,961 on Apr 22 ’24. The Director now owns 4,096,512 shares after completing the transaction at $41.00 per share. On Apr 22 ’24, another insider, Coric Vlad, who serves as the Chief Executive Officer of the company, bought 121,951 shares for $41.00 each. As a result, the insider paid 4,999,991 and bolstered with 1,788,417 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, BHVN now has a Market Capitalization of 3591234048 and an Enterprise Value of 2968544768.
Stock Price History:
Over the past 52 weeks, BHVN has reached a high of $62.21, while it has fallen to a 52-week low of $13.03. The 50-Day Moving Average of the stock is -18.80%, while the 200-Day Moving Average is calculated to be 14.45%.
Shares Statistics:
According to the various share statistics, BHVN traded on average about 1.34M shares per day over the past 3-months and 1511060 shares per day over the past 10 days. A total of 81.12M shares are outstanding, with a floating share count of 74.59M. Insiders hold about 14.67% of the company’s shares, while institutions hold 82.97% stake in the company. Shares short for BHVN as of 1713139200 were 8914405 with a Short Ratio of 6.65, compared to 1710460800 on 8630093. Therefore, it implies a Short% of Shares Outstanding of 8914405 and a Short% of Float of 12.6.
