Black Diamond Therapeutics Inc [BDTX] stock prices are up 2.20% to $5.11 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BDTX shares have gain 4.29% over the last week, with a monthly amount glided 16.14%, and seem to be holding up well over a long-time horizon.
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On 3, April 2024, Black Diamond Therapeutics to Participate in Upcoming Investor Conferences. In a post published today on Yahoo Finance, Black Diamond Therapeutics, Inc. (Nasdaq: BDTX), a clinical-stage oncology company developing MasterKey therapies that target families of oncogenic mutations in patients with cancer, today announced its participation in upcoming investor conferences. Presentation details with President and Chief Executive Officer, Mark Velleca, M.D., Ph.D., are as follows:.
From an analyst’s perspective:
Previously, Stifel upgraded its rating to Buy on June 30, 2023, and elevated its price target to $10. On June 28, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $11 on the stock. Wedbush upgraded its rating to a Outperform but stick to its price target of $10 on June 27, 2023. Wedbush downgraded its rating to a Neutral. H.C. Wainwright downgraded its rating to Neutral for this stock on March 22, 2022. In a note dated September 30, 2021, Stifel initiated an Hold rating and provided a target price of $10 on this stock.
The stock price of Black Diamond Therapeutics Inc [BDTX] has been fluctuating between $1.43 and $6.85 over the past year. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Black Diamond Therapeutics Inc [NASDAQ: BDTX] shares were valued at $5.11 at the most recent close of the market. An investor can expect a potential return of 134.83% based on the average BDTX price forecast.
Analyzing the BDTX fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.52, Equity is 14.46 and Total Capital is -0.62. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
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 4.90 points at the first support level, and at 4.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.44, and for the 2nd resistance point, it is at 5.77.
Black Diamond Therapeutics Inc [BDTX] reported earnings per share of -$0.34 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.47/share, meaning a difference of $0.13 and a surprise factor of 27.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.45 per share as compared to estimates of -$0.49 per share, a difference of $0.04 representing a surprise of 8.20%.
Ratios To Look Out For
It’s worth pointing out that Black Diamond Therapeutics Inc [NASDAQ:BDTX]’s Current Ratio is 6.82. On the other hand, the Quick Ratio is 6.82, and the Cash Ratio is 2.86.
Transactions by insiders
Recent insider trading involved BIOTECH GROWTH N V, 10% Owner, that happened on Oct 17 ’23 when 0.4 million shares were purchased. Director, Behbahani Ali completed a deal on Jul 05 ’23 to buy 1.0 million shares. Meanwhile, Director RA CAPITAL MANAGEMENT, L.P. bought 0.94 million shares on Jul 05 ’23.
