The stock of Biohaven Ltd (BHVN) has gone down by -4.14% for the week, with a -17.93% drop in the past month and a 21.23% rise in the past quarter. The volatility ratio for the week is 5.33%, and the volatility levels for the past 30 days are 6.07% for BHVN. The simple moving average for the past 20 days is -5.62% for BHVN’s stock, with a 1.12% simple moving average for the past 200 days.
Is It Worth Investing in Biohaven Ltd (NYSE: BHVN) Right Now?
Company’s 36-month beta value is 3.83.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BHVN is 88.60M, and currently, short sellers hold a 10.53% ratio of that floaft. The average trading volume of BHVN on December 06, 2024 was 1.02M shares.
BHVN) stock’s latest price update
The stock price of Biohaven Ltd (NYSE: BHVN) has surged by 1.41 when compared to previous closing price of 43.49, but the company has seen a -4.14% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-06 that Reported expanded safety results from BHV-7000 Phase 1 multiple ascending dose studies, including the once-daily extended-release formulation being evaluated in ongoing Phase 2 and 3 clinical studies, demonstrating excellent tolerability at all doses evaluated without central nervous system (CNS) adverse effects typically associated with other anti-seizure medications (ASMs), such as somnolence and cognitive/mood disturbances. Qualitative assessment of online social media platforms and forums provided a unique perspective of the unmet needs that people with epilepsy are vocalizing outside of the clinical setting, including the negative impact that ASM associated adverse events have on their quality of life.
Analysts’ Opinion of BHVN
Many brokerage firms have already submitted their reports for BHVN stocks, with Jefferies repeating the rating for BHVN by listing it as a “Buy.” The predicted price for BHVN in the upcoming period, according to Jefferies is $57 based on the research report published on September 16, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see BHVN reach a price target of $55. The rating they have provided for BHVN stocks is “Outperform” according to the report published on September 04th, 2024.
Morgan Stanley gave a rating of “Overweight” to BHVN, setting the target price at $58 in the report published on July 24th of the current year.
BHVN Trading at -10.82% from the 50-Day Moving Average
After a stumble in the market that brought BHVN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.10% of loss for the given period.
Volatility was left at 6.07%, however, over the last 30 days, the volatility rate increased by 5.33%, as shares sank -16.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.35% lower at present.
During the last 5 trading sessions, BHVN fell by -3.61%, which changed the moving average for the period of 200-days by -6.30% in comparison to the 20-day moving average, which settled at $46.74. In addition, Biohaven Ltd saw 3.05% 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 BHVN starting from CHILDS JOHN W, who purchase 21,052 shares at the price of $47.50 back on Oct 02 ’24. After this action, CHILDS JOHN W now owns 21,052 shares of Biohaven Ltd, valued at $999,970 using the latest closing price.
Coric Vlad, the Chief Executive Officer of Biohaven Ltd, purchase 21,052 shares at $47.50 during a trade that took place back on Oct 02 ’24, which means that Coric Vlad is holding 861,942 shares at $999,970 based on the most recent closing price.
Stock Fundamentals for BHVN
The total capital return value is set at -2.37. Equity return is now at value -265.45, with -180.09 for asset returns.
Based on Biohaven Ltd (BHVN), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -20.8.
Currently, EBITDA for the company is -429.14 million with net debt to EBITDA at 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.89.
Conclusion
In a nutshell, Biohaven Ltd (BHVN) has experienced a mixed 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.
