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BioAtla Inc (BCAB) – key numbers that make it a Strong Buy For Now

BioAtla Inc (NASDAQ: BCAB) is -75.16% lower on its value in year-to-date trading and has touched a low of $0.67 and a high of $4.02 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 BCAB stock was last observed hovering at around $0.69 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $0.61, the stock is -57.26% and -64.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing -11.74% at the moment leaves the stock -69.34% off its SMA200. BCAB registered -72.84% loss for a year compared to 6-month loss of -60.07%. The firm has a 50-day simple moving average (SMA 50) of $1.74584 and a 200-day simple moving average (SMA200) of $2.003785.

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The stock witnessed a -56.04% gain in the last 1 month and extending the period to 3 months gives it a -63.85%, and is -54.74% 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 23.33% over the week and 12.33% over the month.

BioAtla Inc (BCAB) has around 65 employees, a market worth around $29.54M and $11.00M in sales. Profit margin for the company is -743.79%. Distance from 52-week low is -8.81% and -84.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-356.22%).

The EPS is expected to grow by 40.93% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.

BioAtla Inc (BCAB) Top Institutional Holders

81.0 institutions hold shares in BioAtla Inc (BCAB), with institutional investors hold 47.95% of the company’s shares. The shares outstanding are 48.35M, and float is at 39.02M with Short Float at 10.21%. Institutions hold 42.79% of the Float.

The top institutional shareholder in the company is SOLEUS CAPITAL MANAGEMENT, L.P. with over 3.9 million shares valued at $5.34 million. The investor’s holdings represent 8.113% of the BCAB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.89 million shares valued at $2.58 million to account for 3.9205 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 1.85 million shares representing 3.8571% and valued at over $2.54 million, while MILLENNIUM MANAGEMENT LLC holds 3.4297 of the shares totaling 1.65 million with a market value of $2.26 million.

BioAtla Inc (BCAB) Insider Activity

The most recent transaction is an insider purchase by MCBRINN SYLVIA, the company’s Director. SEC filings show that MCBRINN SYLVIA bought 4,000 shares of the company’s common stock on Dec 26 ’23 at a price of $2.33 per share for a total of $9320.0. Following the purchase, the insider now owns 15125.0 shares.

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