BioAtla Inc (NASDAQ: BCAB) has seen a decline in its stock price by -5.41 in relation to its previous close of 1.48. However, the company has experienced a -18.13% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-09 that BioAtla, Inc. (NASDAQ:BCAB ) Q3 2024 Earnings Call Transcript November 7, 2024 4:30 AM ET Company Participants Bruce Mackle – LifeSci Advisors, Investor Relations Jay Short – Chairman, Chief Executive Officer and Cofounder Richard Waldron – Chief Financial Officer Eric Sievers – Chief Medical Officer Conference Call Participants Jeet Mukherjee – BTIG Tony Butler – Rodman & Renshaw Yu He – H.C. Wainwright Operator Good day, everyone, and welcome to today’s BioAtla Third Quarter 2024 Earnings Call.
Is It Worth Investing in BioAtla Inc (NASDAQ: BCAB) Right Now?
Company’s 36-month beta value is 0.95.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for BCAB is 39.02M, and currently, short sellers hold a 12.48% ratio of that floaft. The average trading volume of BCAB on November 21, 2024 was 1.16M shares.
BCAB’s Market Performance
BCAB’s stock has seen a -18.13% decrease for the week, with a -26.32% drop in the past month and a -25.93% fall in the past quarter. The volatility ratio for the week is 13.36%, and the volatility levels for the past 30 days are at 10.36% for BioAtla Inc The simple moving average for the past 20 days is -26.85% for BCAB’s stock, with a -33.93% simple moving average for the past 200 days.
Analysts’ Opinion of BCAB
JMP Securities, on the other hand, stated in their research note that they expect to see BCAB reach a price target of $17. The rating they have provided for BCAB stocks is “Mkt Outperform” according to the report published on September 15th, 2022.
Credit Suisse gave a rating of “Neutral” to BCAB, setting the target price at $5 in the report published on May 05th of the previous year.
BCAB Trading at -25.90% from the 50-Day Moving Average
After a stumble in the market that brought BCAB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.17% of loss for the given period.
Volatility was left at 10.36%, however, over the last 30 days, the volatility rate increased by 13.36%, as shares sank -26.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.08% lower at present.
During the last 5 trading sessions, BCAB fell by -18.13%, which changed the moving average for the period of 200-days by -50.00% in comparison to the 20-day moving average, which settled at $1.9140. In addition, BioAtla Inc saw -43.09% 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 BCAB starting from MCBRINN SYLVIA, who purchase 4,000 shares at the price of $2.33 back on Dec 26 ’23. After this action, MCBRINN SYLVIA now owns 15,125 shares of BioAtla Inc, valued at $9,320 using the latest closing price.
SHORT JAY M PHD, the Chief Executive Officer of BioAtla Inc, purchase 50,000 shares at $2.14 during a trade that took place back on Dec 20 ’23, which means that SHORT JAY M PHD is holding 1,439,283 shares at $106,910 based on the most recent closing price.
Stock Fundamentals for BCAB
Current profitability levels for the company are sitting at:
- -6.79 for the present operating margin
- 0.93 for the gross margin
The net margin for BioAtla Inc stands at -6.44. The total capital return value is set at -2.02. Equity return is now at value -139.06, with -76.61 for asset returns.
Based on BioAtla Inc (BCAB), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -68.01. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -58.66.
Currently, EBITDA for the company is -122.24 million with net debt to EBITDA at 0.65. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.11.
Conclusion
In a nutshell, BioAtla Inc (BCAB) has experienced a bad performance in recent times. The stock has received mixed “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.
