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The price of Black Diamond Therapeutics Inc (NASDAQ: BDTX) closed at $3.66 in the last session, down -2.40% from day before closing price of $3.75. In other words, the price has decreased by -$2.40 from its previous closing price. On the day, 0.62 million shares were traded. BDTX stock price reached its highest trading level at $3.73 during the session, while it also had its lowest trading level at $3.34.
Ratios:
We take a closer look at BDTX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.87 and its Current Ratio is at 6.87. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.18.
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, Raymond James on July 31, 2024, initiated with a Outperform rating and assigned the stock a target price of $20.
Stifel Upgraded its Hold to Buy on June 30, 2023, whereas the target price for the stock was revised from $2 to $10.
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 Aug 28 ’24 when Versant Venture Capital VI, L. sold 221,600 shares for $6.32 per share. The transaction valued at 1,400,556 led to the insider holds 3,726,341 shares of the business.
David Epstein bought 50,000 shares of BDTX for $310,000 on Jul 31 ’24. On Jul 26 ’24, another insider, David Epstein, who serves as the Former Employee of the company, bought 50,000 shares for $6.20 each.
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 206807936 and an Enterprise Value of 107618912.
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 $1.62. The 50-Day Moving Average of the stock is -31.27%, while the 200-Day Moving Average is calculated to be -24.59%.
Shares Statistics:
According to the various share statistics, BDTX traded on average about 1.11M shares per day over the past 3-months and 4138880 shares per day over the past 10 days. A total of 51.65M shares are outstanding, with a floating share count of 43.06M. Insiders hold about 23.80% of the company’s shares, while institutions hold 72.11% stake in the company. Shares short for BDTX as of 1726185600 were 5859171 with a Short Ratio of 5.28, compared to 1723680000 on 6013911. Therefore, it implies a Short% of Shares Outstanding of 5859171 and a Short% of Float of 17.469999.
