Is Bio-Path Holdings Inc (BPTH) Stock a Good Buy for Short-term Investors?

Bio-Path Holdings Inc [BPTH] stock prices are up 29.63% to $4.20 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BPTH shares have gain 33.33% over the last week, with a monthly amount drifted -7.89%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Bio-Path Holdings Inc [NASDAQ: BPTH] stock has seen the most recent analyst activity on March 11, 2021, when ROTH Capital initiated its Buy rating and assigned the stock a price target of $13. Previously, H.C. Wainwright reaffirmed its Buy rating on November 13, 2017, and dropped its price target to $1.50. On August 10, 2016, Maxim Group reiterated its Buy rating and revised its price target to $2 on the stock. Rodman & Renshaw started tracking the stock assigning a Buy rating and suggested a price target of $5 on April 18, 2016. Maxim Group started tracking with a Buy rating for this stock on May 09, 2014, and assigned it a price target of $5.

The stock price of Bio-Path Holdings Inc [BPTH] has been fluctuating between $2.70 and $44.80 over the past year. Bio-Path Holdings Inc [NASDAQ: BPTH] shares were valued at $4.20 at the most recent close of the market.

Analyzing the BPTH fundamentals

To continue investigating profitability, this company’s Return on Assets is posted at -4.99, Equity is -3.75 and Total Capital is -12.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.

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 2.62 points at the first support level, and at 1.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.73, and for the 2nd resistance point, it is at 9.25.

Ratios To Look Out For

It’s worth pointing out that Bio-Path Holdings Inc [NASDAQ:BPTH]’s Current Ratio is 1.60. In addition, the Quick Ratio stands at 1.60 and the Cash Ratio stands at 0.55.

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