BioXcel Therapeutics Inc (NASDAQ: BTAI)’s stock price has gone rise by 16.85 in comparison to its previous close of 0.41, however, the company has experienced a 10.79% increase in its stock price over the last five trading days. globenewswire.com reported 2024-11-22 that NEW HAVEN, Conn., Nov. 22, 2024 (GLOBE NEWSWIRE) — BioXcel Therapeutics, Inc. (the “Company”) (Nasdaq: BTAI), a biopharmaceutical company utilizing artificial intelligence approaches to develop transformative medicines in neuroscience and immuno-oncology, today announced the pricing of an underwritten public offering of 5,600,000 shares of its common stock, par value $0.001 per share (“Common Stock”), and accompanying warrants to purchase up to 5,600,000 shares of Common Stock, and, in lieu thereof to certain investors that so choose, pre-funded warrants to purchase up to 9,000,000 shares of Common Stock and accompanying warrants to purchase up to 9,000,000 shares of Common Stock, at a combined public offering price of $0.48 per share and accompanying warrant (or $0.479 per share underlying each pre-funded warrant and accompanying warrant, which equals the public offering price per share of Common Stock and accompanying warrant less the $0.001 exercise price per share of the pre-funded warrants). Gross proceeds to the Company from the offering are expected to be approximately $7.0 million, before deducting underwriting discounts and commissions and offering expenses, and excluding the exercise of any of the warrants.
Is It Worth Investing in BioXcel Therapeutics Inc (NASDAQ: BTAI) Right Now?
The 36-month beta value for BTAI is at -0.03. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for BTAI is 38.51M, and currently, shorts hold a 1.62% of that float. The average trading volume for BTAI on December 10, 2024 was 572.91K shares.
BTAI’s Market Performance
The stock of BioXcel Therapeutics Inc (BTAI) has seen a 10.79% increase in the past week, with a -28.89% drop in the past month, and a -11.76% fall in the past quarter. The volatility ratio for the week is 13.74%, and the volatility levels for the past 30 days are at 11.92% for BTAI. The simple moving average for the past 20 days is -6.97% for BTAI’s stock, with a -66.44% simple moving average for the past 200 days.
Analysts’ Opinion of BTAI
Many brokerage firms have already submitted their reports for BTAI stocks, with UBS repeating the rating for BTAI by listing it as a “Neutral.” The predicted price for BTAI in the upcoming period, according to UBS is $4 based on the research report published on February 21, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see BTAI reach a price target of $4, previously predicting the price at $40. The rating they have provided for BTAI stocks is “Neutral” according to the report published on August 15th, 2023.
BTAI Trading at -15.89% from the 50-Day Moving Average
After a stumble in the market that brought BTAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.57% of loss for the given period.
Volatility was left at 11.92%, however, over the last 30 days, the volatility rate increased by 13.74%, as shares sank -29.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.97% lower at present.
During the last 5 trading sessions, BTAI rose by +10.79%, which changed the moving average for the period of 200-days by -84.48% in comparison to the 20-day moving average, which settled at $0.5122. In addition, BioXcel Therapeutics Inc saw -83.85% 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 BTAI starting from Wiley Matthew T., who sale 6,272 shares at the price of $0.55 back on Oct 03 ’24. After this action, Wiley Matthew T. now owns 19,011 shares of BioXcel Therapeutics Inc, valued at $3,450 using the latest closing price.
Rodriguez Javier, the of BioXcel Therapeutics Inc, sale 6,863 shares at $0.55 during a trade that took place back on Oct 03 ’24, which means that Rodriguez Javier is holding 23,770 shares at $3,775 based on the most recent closing price.
Stock Fundamentals for BTAI
Current profitability levels for the company are sitting at:
- -32.96 for the present operating margin
- 0.04 for the gross margin
The net margin for BioXcel Therapeutics Inc stands at -31.19. The total capital return value is set at -3.21. Equity return is now at value -1766.94, with -95.08 for asset returns.
Based on BioXcel Therapeutics Inc (BTAI), the company’s capital structure generated 5.55 points at debt to capital in total, while cash flow to debt ratio is standing at -0.81. The debt to equity ratio resting at -1.22. The interest coverage ratio of the stock is -5.16.
Currently, EBITDA for the company is -165.42 million with net debt to EBITDA at -1.15. When we switch over and look at the enterprise to sales, we see a ratio of 38.5. The receivables turnover for the company is 758.67for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.
Conclusion
In conclusion, BioXcel Therapeutics Inc (BTAI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
