BridgeBio Pharma Inc (NASDAQ: BBIO)’s stock price has plunge by -1.96relation to previous closing price of 24.94. Nevertheless, the company has seen a -7.18% plunge in its stock price over the last five trading sessions. fool.com reported 2024-10-04 that Upcoming Food and Drug Administration decisions could push these stocks through the roof.
Is It Worth Investing in BridgeBio Pharma Inc (NASDAQ: BBIO) Right Now?
Moreover, the 36-month beta value for BBIO is 1.07. Analysts have varying opinions on the stock, with 11 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for BBIO is 146.91M and currently, short sellers hold a 12.68% of that float. On October 24, 2024, BBIO’s average trading volume was 1.90M shares.
BBIO’s Market Performance
The stock of BridgeBio Pharma Inc (BBIO) has seen a -7.18% decrease in the past week, with a -1.65% drop in the past month, and a -8.43% fall in the past quarter. The volatility ratio for the week is 3.07%, and the volatility levels for the past 30 days are at 4.31% for BBIO. The simple moving average for the last 20 days is -2.92% for BBIO stock, with a simple moving average of -14.43% for the last 200 days.
Analysts’ Opinion of BBIO
Piper Sandler gave a rating of “Overweight” to BBIO, setting the target price at $46 in the report published on September 04th of the current year.
BBIO Trading at -6.15% from the 50-Day Moving Average
After a stumble in the market that brought BBIO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.83% of loss for the given period.
Volatility was left at 4.31%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares sank -0.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.26% upper at present.
During the last 5 trading sessions, BBIO fell by -7.18%, which changed the moving average for the period of 200-days by -36.89% in comparison to the 20-day moving average, which settled at $25.18. In addition, BridgeBio Pharma Inc saw -39.44% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BBIO starting from KKR Genetic Disorder L.P., who sale 5,800,000 shares at the price of $25.75 back on Sep 13 ’24. After this action, KKR Genetic Disorder L.P. now owns 25,260,971 shares of BridgeBio Pharma Inc, valued at $149,350,000 using the latest closing price.
KKR Genetic Disorder L.P., the Affiliate of BridgeBio Pharma Inc, proposed sale 5,800,000 shares at $26.95 during a trade that took place back on Sep 13 ’24, which means that KKR Genetic Disorder L.P. is holding shares at $156,310,000 based on the most recent closing price.
Stock Fundamentals for BBIO
Current profitability levels for the company are sitting at:
- -2.3 for the present operating margin
- 0.98 for the gross margin
The net margin for BridgeBio Pharma Inc stands at -2.07. The total capital return value is set at -0.76.
Based on BridgeBio Pharma Inc (BBIO), the company’s capital structure generated 2.74 points at debt to capital in total, while cash flow to debt ratio is standing at -0.24. The debt to equity ratio resting at -1.58. The interest coverage ratio of the stock is -10.87.
Currently, EBITDA for the company is -574.64 million with net debt to EBITDA at -2.4. When we switch over and look at the enterprise to sales, we see a ratio of 26.37. The receivables turnover for the company is 332.01for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.59.
Conclusion
To wrap up, the performance of BridgeBio Pharma Inc (BBIO) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
