Market Watch: Biohaven Ltd (BHVN)’s Noteworthy Drop, Closing at 42.59

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As of close of business last night, Biohaven Ltd’s stock clocked out at $42.59, down -1.53% from its previous closing price of $43.25. In other words, the price has decreased by -$1.53 from its previous closing price. On the day, 0.65 million shares were traded. BHVN stock price reached its highest trading level at $44.55 during the session, while it also had its lowest trading level at $42.085.

Ratios:

To gain a deeper understanding of BHVN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.89 and its Current Ratio is at 2.89. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.

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, Jefferies on September 16, 2024, initiated with a Buy rating and assigned the stock a target price of $57.

On September 04, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $55.

On July 24, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $58.Morgan Stanley initiated its Overweight rating on July 24, 2024, with a $58 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 02 ’24 when CHILDS JOHN W bought 21,052 shares for $47.50 per share. The transaction valued at 999,970 led to the insider holds 21,052 shares of the business.

Coric Vlad bought 21,052 shares of BHVN for $999,970 on Oct 02 ’24. The Chief Executive Officer now owns 861,942 shares after completing the transaction at $47.50 per share. On Sep 24 ’24, another insider, Bailey Gregory, who serves as the Director of the company, bought 5,000 shares for $44.19 each. As a result, the insider paid 220,966 and bolstered with 1,620,071 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 4373524480 and an Enterprise Value of 3953292544.

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 $26.80. The 50-Day Moving Average of the stock is -13.38%, while the 200-Day Moving Average is calculated to be -2.28%.

Shares Statistics:

It appears that BHVN traded 1.01M shares on average per day over the past three months and 820200 shares per day over the past ten days. A total of 94.90M shares are outstanding, with a floating share count of 88.60M. Insiders hold about 12.38% of the company’s shares, while institutions hold 86.23% stake in the company. Shares short for BHVN as of 1732838400 were 7841229 with a Short Ratio of 9.21, compared to 1730332800 on 9152443. Therefore, it implies a Short% of Shares Outstanding of 7841229 and a Short% of Float of 8.709999999999999.

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