biote Corp (NASDAQ: BTMD)’s stock price has gone decline by -6.31 in comparison to its previous close of 6.18, however, the company has experienced a -3.34% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-08-10 that biote Corp. (NASDAQ:BTMD ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Szymon Serowiecki – Investor Relations Terry Weber – Chief Executive Officer Bob Peterson – Chief Financial Officer Conference Call Participants Les Sulewski – Truist Securities Jonna Kim – TD Cowen Richard Magnusen – B. Riley Securities George Kelly – ROTH Capital Kaumil Gajrawala – Jefferies Operator Good day, and welcome to the Biote Second Quarter 2024 Earnings Conference Call.
Is It Worth Investing in biote Corp (NASDAQ: BTMD) Right Now?
biote Corp (NASDAQ: BTMD) has a price-to-earnings ratio of 50.92x that is above its average ratio. Additionally, the 36-month beta value for BTMD is 0.94. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BTMD is 30.05M and currently, short sellers hold a 3.85% ratio of that float. The average trading volume of BTMD on September 11, 2024 was 252.35K shares.
BTMD’s Market Performance
BTMD’s stock has seen a -3.34% decrease for the week, with a 5.46% rise in the past month and a -10.09% fall in the past quarter. The volatility ratio for the week is 5.02%, and the volatility levels for the past 30 days are at 4.75% for biote Corp The simple moving average for the past 20 days is -3.00% for BTMD’s stock, with a -1.30% simple moving average for the past 200 days.
Analysts’ Opinion of BTMD
Many brokerage firms have already submitted their reports for BTMD stocks, with B. Riley Securities repeating the rating for BTMD by listing it as a “Buy.” The predicted price for BTMD in the upcoming period, according to B. Riley Securities is $9 based on the research report published on February 20, 2024 of the current year 2024.
Cowen gave a rating of “Outperform” to BTMD, setting the target price at $11 in the report published on June 24th of the previous year.
BTMD Trading at -16.63% from the 50-Day Moving Average
After a stumble in the market that brought BTMD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.40% of loss for the given period.
Volatility was left at 4.75%, however, over the last 30 days, the volatility rate increased by 5.02%, as shares surge +8.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.49% lower at present.
During the last 5 trading sessions, BTMD fell by -3.34%, which changed the moving average for the period of 200-days by +13.53% in comparison to the 20-day moving average, which settled at $5.99. In addition, biote Corp saw 17.21% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BTMD starting from Peterson Robert Charles, who sale 11,376 shares at the price of $7.57 back on Jul 09 ’24. After this action, Peterson Robert Charles now owns 32,874 shares of biote Corp, valued at $86,084 using the latest closing price.
Stock Fundamentals for BTMD
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.68 for the gross margin
The net margin for biote Corp stands at 0.04. The total capital return value is set at 0.74.
Based on biote Corp (BTMD), the company’s capital structure generated -5.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at -0.84. The interest coverage ratio of the stock is 4.75.
Currently, EBITDA for the company is 46.22 million with net debt to EBITDA at 2.51. When we switch over and look at the enterprise to sales, we see a ratio of 2.19. The receivables turnover for the company is 21.8for trailing twelve months and the total asset turnover is 2.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In conclusion, biote Corp (BTMD) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
