Market Momentum Report: Black Diamond Therapeutics Inc (BDTX)’s Positive Close at 1.69

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The price of Black Diamond Therapeutics Inc (NASDAQ: BDTX) closed at $1.69 in the last session, up 0.60% from day before closing price of $1.68. In other words, the price has increased by $0.60 from its previous closing price. On the day, 5.3 million shares were traded. BDTX stock price reached its highest trading level at $1.84 during the session, while it also had its lowest trading level at $1.64.

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 4.92 and its Current Ratio is at 4.92. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.23.

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 Mar 19 ’25 when BIOTECH GROWTH N V sold 5,784,292 shares for $2.07 per share. The transaction valued at 11,997,749 led to the insider holds 2,733,547 shares of the business.

Versant Venture Capital VI, L. sold 221,600 shares of BDTX for $1,400,556 on Aug 28 ’24. The 10% Owner now owns 3,726,341 shares after completing the transaction at $6.32 per share. On Jul 31 ’24, another insider, David Epstein, who serves as the Former Employer 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 95759120 and an Enterprise Value of 19370156.

Stock Price History:

The Beta on a monthly basis for BDTX is 2.82, which has changed by -0.655102 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. Over the past 52 weeks, BDTX has reached a high of $7.66, while it has fallen to a 52-week low of $1.59. The 50-Day Moving Average of the stock is -20.90%, while the 200-Day Moving Average is calculated to be -53.99%.

Shares Statistics:

According to the various share statistics, BDTX traded on average about 3.22M shares per day over the past 3-months and 15343060 shares per day over the past 10 days. A total of 56.64M shares are outstanding, with a floating share count of 43.16M. Insiders hold about 23.83% of the company’s shares, while institutions hold 64.85% stake in the company. Shares short for BDTX as of 1740700800 were 7409721 with a Short Ratio of 2.30, compared to 1738281600 on 7054132. Therefore, it implies a Short% of Shares Outstanding of 7409721 and a Short% of Float of 21.990000000000002.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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