BridgeBio Pharma Inc (NASDAQ: BBIO) is -41.07% lower on its value in year-to-date trading and has touched a low of $21.62 and a high of $44.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BBIO stock was last observed hovering at around $24.50 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $23.79, the stock is -4.78% and -8.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -2.90% at the moment leaves the stock -15.64% off its SMA200. BBIO registered -6.74% loss for a year compared to 6-month loss of -11.99%. The firm has a 50-day simple moving average (SMA 50) of $25.9776 and a 200-day simple moving average (SMA200) of $28.199675.
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The stock witnessed a -4.07% gain in the last 1 month and extending the period to 3 months gives it a -9.13%, and is -2.70% down 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 3.54% over the week and 4.14% over the month.
BridgeBio Pharma Inc (BBIO) has around 550 employees, a market worth around $4.47B and $219.12M in sales. Profit margin for the company is -207.11%. Distance from 52-week low is 10.04% and -46.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-71.84%).
The EPS is expected to grow by 37.36% this year
346.0 institutions hold shares in BridgeBio Pharma Inc (BBIO), with institutional investors hold 98.78% of the company’s shares. The shares outstanding are 175.08M, and float is at 146.91M with Short Float at 12.10%. Institutions hold 93.42% of the Float.
The top institutional shareholder in the company is KOHLBERG KRAVIS ROBERTS & CO. L.P. with over 31.06 million shares valued at $786.77 million. The investor’s holdings represent 16.5582 of the BBIO Shares outstanding. As of 2024-06-30, the second largest holder is VIKING GLOBAL INVESTORS LP with 25.12 million shares valued at $636.31 million to account for 13.3917 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 14.05 million shares representing 7.4924 and valued at over $356.01 million, while BLACKROCK INC. holds 6.636 of the shares totaling 12.45 million with a market value of $315.31 million.
BridgeBio Pharma Inc (BBIO) Insider Activity
The most recent transaction is an insider sale by KKR Genetic Disorder L.P., the company’s 10% Owner. SEC filings show that KKR Genetic Disorder L.P. sold 5,800,000 shares of the company’s common stock on Sep 13 ’24 at a price of $25.75 per share for a total of $149.35 million. Following the sale, the insider now owns 25.26 million shares.
Still, SEC filings show that on Aug 19 ’24, Kumar Neil (Chief Executive Officer) disposed off 27,389 shares at an average price of $24.69 for $0.68 million. The insider now directly holds 4,897,443 shares of BridgeBio Pharma Inc (BBIO).