BioAtla Inc (NASDAQ: BCAB) Not A Good Play Anymore?

BioAtla Inc (BCAB) concluded trading on Wednesday at a closing price of $3.37, with 4.08 million shares of worth about $13.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 129.25% during that period and on May 01, 2024 the price saw a gain of about 49.45%. Currently the company’s common shares owned by public are about 48.08M shares, out of which, 38.77M shares are available for trading.

Stock saw a price change of 43.40% in past 5 days and over the past one month there was a price change of -4.26%. Year-to-date (YTD), BCAB shares are showing a performance of 36.99% which decreased to -5.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.24 but also hit the highest price of $4.07 during that period. The average intraday trading volume for BioAtla Inc shares is 554.69K. The stock is currently trading 17.23% above its 20-day simple moving average (SMA20), while that difference is up 21.53% for SMA50 and it goes to 46.52% higher than SMA200.

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BioAtla Inc (NASDAQ: BCAB) currently have 48.08M outstanding shares and institutions hold larger chunk of about 54.38% of that.

The stock has a current market capitalization of $162.13M and its 3Y-monthly beta is at 1.21. It has posted earnings per share of -$2.58 in the same period. It has Quick Ratio of 4.11 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BCAB, volatility over the week remained 19.73% while standing at 11.82% over the month.

Stock’s fiscal year EPS is expected to rise by 25.09% while it is estimated to increase by 8.17% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JMP Securities on September 15, 2022 offering a Mkt outperform rating for the stock and assigned a target price of $17 to it. Coverage by Credit Suisse stated BioAtla Inc (BCAB) stock as a Neutral in their note to investors on May 05, 2022, suggesting a price target of $5 for the stock. On March 21, 2022, H.C. Wainwright Initiated their recommendations, while on October 15, 2021, BTIG Research Resumed their ratings for the stock with a price target of $68. Stock get a Buy rating from ROTH Capital on June 28, 2021.

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