Biohaven Ltd (NYSE: BHVN) is 10.51% higher on its value in year-to-date trading and has touched a low of $12.35 and a high of $50.68 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BHVN stock was last observed hovering at around $47.66 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $47.30, the stock is 0.76% and 5.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing -0.76% at the moment leaves the stock 64.25% off its SMA200. BHVN registered 210.98% gain for a year compared to 6-month gain of 145.97%. The firm has a 200-day simple moving average (SMA200) of -$7.31.
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The stock witnessed a 3.57% loss in the last 1 month and extending the period to 3 months gives it a 50.45%, and is 1.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.28% over the week and 5.04% over the month.
Biohaven Ltd (BHVN) has around 202 employees, a market worth around $3.23B and $0.00M in sales. Distance from 52-week low is 283.00% and -6.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-145.94%).
Biohaven Ltd quarterly earnings per share for the current quarter are estimated at -$1.41.The EPS is expected to grow by 59.05% this year
297 institutions hold shares in Biohaven Ltd (BHVN), with institutional investors hold 104.47% of the company’s shares. The shares outstanding are 68.19M, and float is at 58.51M with Short Float at 11.43%. Institutions hold 91.41% of the Float.
The top institutional shareholder in the company is Stifel Financial Corporation with over 5.62 million shares valued at $134.42 million. The investor’s holdings represent 8.23% of the BHVN Shares outstanding. As of Jun 29, 2023, the second largest holder is Janus Henderson Group PLC with 5.32 million shares valued at $127.18 million to account for 7.78% of the shares outstanding. The other top investors are Blackrock Inc. which holds 4.43 million shares representing 6.49% and valued at over $106.03 million, while FMR, LLC holds 5.72% of the shares totaling 3.91 million with a market value of $93.49 million.
Biohaven Ltd (BHVN) Insider Activity
A total of 7 insider transactions have happened at Biohaven Ltd (BHVN) in the last six months, with sales accounting for 0 and purchases happening 7 times. The most recent transaction is an insider sale by Antonijevic Irina, the company’s Director. SEC filings show that Antonijevic Irina sold 11,000 shares of the company’s common stock on Dec 29 at a price of $41.79 per share for a total of $0.46 million. Following the sale, the insider now owns 2535.0 shares.
Biohaven Ltd disclosed in a document filed with the SEC on Oct 05 that CHILDS JOHN W (Director) bought a total of 454,545 shares of the company’s common stock. The trade occurred on Oct 05 and was made at $22.00 per share for $10.0 million. Following the transaction, the insider now directly holds 4.0 million shares of the BHVN stock.
Still, SEC filings show that on Oct 05, Coric Vlad (Chief Executive Officer) acquired 340,908 shares at an average price of $22.00 for $7.5 million. The insider now directly holds 833,120 shares of Biohaven Ltd (BHVN).
