BioXcel Therapeutics Inc (NASDAQ: BTAI) is -75.80% lower on its value in year-to-date trading and has touched a low of $0.50 and a high of $5.62 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 BTAI stock was last observed hovering at around $0.71 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.71, the stock is 22.48% and 19.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 0.45% at the moment leaves the stock -59.50% off its SMA200. BTAI registered -82.11% loss for a year compared to 6-month loss of -71.89%. The firm has a 50-day simple moving average (SMA 50) of $0.59562 and a 200-day simple moving average (SMA200) of $1.76311.
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The stock witnessed a 27.16% gain in the last 1 month and extending the period to 3 months gives it a -30.68%, and is 23.23% 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 11.23% over the week and 7.58% over the month.
BioXcel Therapeutics Inc (BTAI) has around 74 employees, a market worth around $29.09M and $2.40M in sales. Profit margin for the company is -4487.39%. Distance from 52-week low is 41.39% and -87.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-372.34%).
The EPS is expected to grow by 69.07% this year
94.0 institutions hold shares in BioXcel Therapeutics Inc (BTAI), with institutional investors hold 27.47% of the company’s shares. The shares outstanding are 40.74M, and float is at 32.45M with Short Float at 1.78%. Institutions hold 21.96% of the Float.
The top institutional shareholder in the company is ARMISTICE CAPITAL, LLC with over 2.99 million shares valued at $3.82 million. The investor’s holdings represent 9.6767 of the BTAI Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 2.21 million shares valued at $2.82 million to account for 7.1439 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.97 million shares representing 3.1438 and valued at over $1.24 million, while BLACKROCK INC. holds 1.4276 of the shares totaling 0.44 million with a market value of $0.56 million.
BioXcel Therapeutics Inc (BTAI) Insider Activity
The most recent transaction is an insider sale by Wiley Matthew T., the company’s Chief Commercial Officer. SEC filings show that Wiley Matthew T. sold 6,272 shares of the company’s common stock on Oct 03 ’24 at a price of $0.55 per share for a total of $3450.0. Following the sale, the insider now owns 19011.0 shares.
BioXcel Therapeutics Inc disclosed in a document filed with the SEC on Oct 03 ’24 that Rodriguez Javier sold a total of 6,863 shares of the company’s common stock. The trade occurred on Oct 03 ’24 and was made at $0.55 per share for $3775.0. Following the transaction, the insider now directly holds 23770.0 shares of the BTAI stock.
Still, SEC filings show that on Oct 03 ’24, Yocca Frank (Chief Scientific Officer) disposed off 7,175 shares at an average price of $0.55 for $3946.0. The insider now directly holds 28,278 shares of BioXcel Therapeutics Inc (BTAI).
