Trading Day Review: Bio-Path Holdings Inc (BPTH) Loses Momentum, Closing at 2.92

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The price of Bio-Path Holdings Inc (NASDAQ: BPTH) closed at $2.92 in the last session, down -31.93% from day before closing price of $4.29. In other words, the price has decreased by $-31.93 from its previous closing price. On the day, 0.86 million shares were traded. BPTH stock price reached its highest trading level at $3.95 during the session, while it also had its lowest trading level at $2.85.

Ratios:

We take a closer look at BPTH’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.02.

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, ROTH Capital on March 11, 2021, initiated with a Buy rating and assigned the stock a target price of $13.

On November 13, 2017, H.C. Wainwright reiterated its Buy rating and also upped its target price recommendation from $4.50 to $1.50.

Maxim Group reiterated its Buy rating for the stock on August 10, 2016, while the target price for the stock was revised from $5 to $2.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BPTH now has a Market Capitalization of 2201081 and an Enterprise Value of 1973030.

Stock Price History:

The Beta on a monthly basis for BPTH is 0.33, which has changed by -0.8445652 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, BPTH has reached a high of $44.80, while it has fallen to a 52-week low of $2.70. The 50-Day Moving Average of the stock is -46.90%, while the 200-Day Moving Average is calculated to be -70.64%.

Shares Statistics:

According to the various share statistics, BPTH traded on average about 1.40M shares per day over the past 3-months and 8663980 shares per day over the past 10 days. A total of 0.75M shares are outstanding, with a floating share count of 0.75M. Insiders hold about 0.23% of the company’s shares, while institutions hold 84.35% stake in the company. Shares short for BPTH as of 1711584000 were 67406 with a Short Ratio of 0.05, compared to 1709164800 on 16460. Therefore, it implies a Short% of Shares Outstanding of 67406 and a Short% of Float of 9.959999999999999.

Earnings Estimates

The market rating for Bio-Path Holdings Inc (BPTH) is a result of the insights provided by BP Prudhoe Bay Royalty Trust analysts actively involved in the assessment.The consensus estimate for the next quarter is $2.92, with high estimates of $40.77 and low estimates of $1.49.

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