BeyondSpring Inc (BYSI) Shares Gain 143.70% Over Last Week

BeyondSpring Inc [BYSI] stock prices are up 76.83% to $2.90 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BYSI shares have gain 143.70% over the last week, with a monthly amount glided 190.00%, and seem to be holding up well over a long-time horizon.

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On 26, February 2024, BeyondSpring Regains Compliance with Nasdaq Minimum Bid Price and Periodic Filing Requirements. In a post published today on Yahoo Finance, BeyondSpring Inc. (NASDAQ: BYSI) (“BeyondSpring” or the “Company”), a global clinical-stage biopharmaceutical company focused on using a groundbreaking technology platform for drug discovery and developing innovative therapies to improve clinical outcomes for patients with high unmet medical needs, today announced that on February 20, 2024, the Company received a written notification on minimum bid price compliance (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). In the Notification Letter, the staff of Nasdaq has determined that for the 10 consecutive business days from February 5, 2024 to February 16, 2024, the closing bid price of the Company’s ordinary shares had been at $1.00 per share or greater. Accordingly, the bid price deficiency matter as previously disclosed is now closed.

From an analyst’s perspective:

BeyondSpring Inc [NASDAQ: BYSI] stock has seen the most recent analyst activity on December 02, 2021, when Jefferies downgraded its rating to a Hold and also revised its price target to $5 from $38. Previously, BofA Securities downgraded its rating to Underperform on December 02, 2021, and dropped its price target to $5. On December 01, 2021, downgrade downgraded it’s rating to Mkt Perform. H.C. Wainwright downgraded its rating to a Neutral. Robert W. Baird initiated its recommendation with a Outperform and recommended $50 as its price target on September 09, 2021. H.C. Wainwright upgraded its rating to Buy for this stock on August 04, 2021, but kept the price target unchanged to $100. In a note dated April 05, 2021, H.C. Wainwright downgraded an Neutral rating on this stock.

The stock price of BeyondSpring Inc [BYSI] has been fluctuating between $0.65 and $1.92 over the past year. BeyondSpring Inc [NASDAQ: BYSI] shares were valued at $2.90 at the most recent close of the market.

Analyzing the BYSI fundamentals

Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -24.34%, Pretax Profit Margin comes in at -24.06%, and Net Profit Margin reading is -21.91%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.0000 points at the first support level, and at 1.1100 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.4900, and for the 2nd resistance point, it is at 4.0900.

BeyondSpring Inc [BYSI] reported earnings per share of -$0.24 for its fiscal quarter that ended on 12/30/2021. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.26/share, meaning a difference of $0.02 and a surprise factor of 7.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2021 were -$0.47 per share as compared to estimates of -$0.37 per share, a difference of -$0.1 representing a surprise of -27.00%.