BridgeBio Pharma Inc (NASDAQ: BBIO): Reassessing Prospects

BridgeBio Pharma Inc (BBIO) concluded trading on Thursday at a closing price of $25.63, with 2.36 million shares of worth about $60.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.95% during that period and on October 03, 2024 the price saw a gain of about 2.19%. Currently the company’s common shares owned by public are about 175.08M shares, out of which, 146.91M shares are available for trading.

Stock saw a price change of 4.70% in past 5 days and over the past one month there was a price change of -16.43%. Year-to-date (YTD), BBIO shares are showing a performance of -36.51% which increased to 0.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.62 but also hit the highest price of $44.32 during that period. The average intraday trading volume for BridgeBio Pharma Inc shares is 1.85 million. The stock is currently trading -4.33% below its 20-day simple moving average (SMA20), while that difference is down -1.83% for SMA50 and it goes to -13.58% lower than SMA200.

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BridgeBio Pharma Inc (NASDAQ: BBIO) currently have 175.08M outstanding shares and institutions hold larger chunk of about 75.07% of that.

The stock has a current market capitalization of $4.82B and its 3Y-monthly beta is at 1.08. It has posted earnings per share of -$2.64 in the same period. It has Quick Ratio of 4.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BBIO, volatility over the week remained 5.13% while standing at 4.91% over the month.

Stock’s fiscal year EPS is expected to rise by 37.84% while it is estimated to decrease by -26.27% in next year. EPS is likely to grow at an annualized rate of 26.80% for next 5-years, compared to annual growth of -13.29% made by the stock over the past 5-years.

Coverage by Piper Sandler stated BridgeBio Pharma Inc (BBIO) stock as an Overweight in their note to investors on September 04, 2024, suggesting a price target of $46 for the stock. On March 21, 2024, Raymond James Resumed their recommendations, while on January 31, 2024, BMO Capital Markets Initiated their ratings for the stock with a price target of $37. Stock get an Overweight rating from Wells Fargo on December 08, 2023.

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