The stock price of BriaCell Therapeutics Corp (NASDAQ: BCTX) has jumped by 20.66 compared to previous close of 0.96. Despite this, the company has seen a gain of 4.05% in its stock price over the last five trading days. globenewswire.com reported 2024-12-02 that PHILADELPHIA and VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) — BriaCell Therapeutics Corp. (Nasdaq: BCTX, BCTXW) (TSX: BCT) (“BriaCell” or the “Company”), a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care, announces that the Data Safety Monitoring Board (DSMB), an independent group of experts who review and monitor safety data of a clinical study to determine if a study should continue, be modified, or be halted early, has completed its first review of safety events in patients enrolled in BriaCell’s pivotal randomized Phase 3 study of Bria-IMT™ plus an immune checkpoint inhibitor (CPI) combination regimen (NCT06072612). The DSMB issued a statement recommending continuation of the study in metastatic breast cancer patients. BriaCell’s pivotal Phase 3 study is currently being conducted under Fast Track Designation with the Food and Drug Administration (FDA).
Is It Worth Investing in BriaCell Therapeutics Corp (NASDAQ: BCTX) Right Now?
Moreover, the 36-month beta value for BCTX is 1.47. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BCTX is 32.50M and currently, short sellers hold a 2.24% of that float. On December 09, 2024, BCTX’s average trading volume was 5.25M shares.
BCTX’s Market Performance
The stock of BriaCell Therapeutics Corp (BCTX) has seen a 4.05% increase in the past week, with a 62.95% rise in the past month, and a 86.44% gain in the past quarter. The volatility ratio for the week is 13.37%, and the volatility levels for the past 30 days are at 12.48% for BCTX. The simple moving average for the past 20 days is 43.57% for BCTX’s stock, with a -17.28% simple moving average for the past 200 days.
Analysts’ Opinion of BCTX
Many brokerage firms have already submitted their reports for BCTX stocks, with H.C. Wainwright repeating the rating for BCTX by listing it as a “Buy.” The predicted price for BCTX in the upcoming period, according to H.C. Wainwright is $25 based on the research report published on February 14, 2022 of the previous year 2022.
BCTX Trading at 35.79% from the 50-Day Moving Average
After a stumble in the market that brought BCTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.65% of loss for the given period.
Volatility was left at 12.48%, however, over the last 30 days, the volatility rate increased by 13.37%, as shares surge +62.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.22% upper at present.
During the last 5 trading sessions, BCTX rose by +1.80%, which changed the moving average for the period of 200-days by -67.53% in comparison to the 20-day moving average, which settled at $0.8033. In addition, BriaCell Therapeutics Corp saw -80.26% 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 BCTX starting from Lustig Marc, who purchase 902,935 shares at the price of $2.21 back on May 14 ’24. After this action, Lustig Marc now owns 2,542,935 shares of BriaCell Therapeutics Corp, valued at $2,000,001 using the latest closing price.
Stock Fundamentals for BCTX
The total capital return value is set at 20.98. Equity return is now at value -202.12, with -29.01 for asset returns.
Currently, EBITDA for the company is -4.77 million with net debt to EBITDA at 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.49.
Conclusion
To wrap up, the performance of BriaCell Therapeutics Corp (BCTX) has been mixed 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.
