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Blueprint Medicines Corp (BPMC) – Don’t Be So Quick to Call it Dead

Blueprint Medicines Corp (NASDAQ: BPMC) is -3.59% lower on its value in year-to-date trading and has touched a low of $72.24 and a high of $121.90 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 BPMC stock was last observed hovering at around $91.78 in the last trading session, with the day’s loss setting it -2.85%.

Currently trading at $88.93, the stock is -6.15% and -3.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -3.11% at the moment leaves the stock -8.03% off its SMA200. BPMC registered 1.10% gain for a year compared to 6-month loss of -14.68%. The firm has a 50-day simple moving average (SMA 50) of $92.2616 and a 200-day simple moving average (SMA200) of $96.70522.

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The stock witnessed a -5.99% gain in the last 1 month and extending the period to 3 months gives it a -3.00%, and is -3.94% 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 4.86% over the week and 3.56% over the month.

Blueprint Medicines Corp (BPMC) has around 655 employees, a market worth around $5.65B and $434.41M in sales. Profit margin for the company is -29.48%. Distance from 52-week low is 23.10% and -27.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.80%).

The EPS is expected to grow by 88.32% this year

456.0 institutions hold shares in Blueprint Medicines Corp (BPMC), with institutional investors hold 105.69% of the company’s shares. The shares outstanding are 63.45M, and float is at 61.55M with Short Float at 6.80%. Institutions hold 104.74% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 6.65 million shares valued at $716.45 million. The investor’s holdings represent 10.5758 of the BPMC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.54 million shares valued at $704.72 million to account for 10.4026 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 5.87 million shares representing 9.3445 and valued at over $633.03 million, while FMR LLC holds 7.6903 of the shares totaling 4.83 million with a market value of $520.97 million.

Blueprint Medicines Corp (BPMC) Insider Activity

Blueprint Medicines Corp disclosed in a document filed with the SEC on Dec 12 ’24 that Hurley Ariel (PRINCIPAL ACCOUNTING OFFICER) sold a total of 1,819 shares of the company’s common stock. The trade occurred on Dec 12 ’24 and was made at $93.26 per share for $0.17 million. Following the transaction, the insider now directly holds 14967.0 shares of the BPMC stock.

Still, SEC filings show that on Dec 12 ’24, ARIEL HURLEY (Officer) Proposed Sale 5,022 shares at an average price of $94.47 for $0.47 million. The insider now directly holds shares of Blueprint Medicines Corp (BPMC).

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