Biohaven Ltd [BHVN] stock prices are up 1.73% to $35.31 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BHVN shares have gain 1.64% over the last week, with a monthly amount glided 0.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Biohaven Ltd [NYSE: BHVN] stock has seen the most recent analyst activity on February 16, 2024, when RBC Capital Mkts initiated its Outperform rating and assigned the stock a price target of $62. Previously, UBS started tracking the stock with Buy rating on February 06, 2024, and set its price target to $59. On December 22, 2023, H.C. Wainwright initiated with a Buy rating and assigned a price target of $50 on the stock. Robert W. Baird started tracking the stock assigning a Outperform rating and suggested a price target of $58 on December 08, 2023. SVB Securities initiated its recommendation with a Outperform and recommended $24 as its price target on January 24, 2023. JP Morgan started tracking with a Overweight rating for this stock on January 04, 2023, and assigned it a price target of $23. In a note dated December 02, 2022, BTIG Research initiated an Buy rating and provided a target price of $24 on this stock.
The stock price of Biohaven Ltd [BHVN] has been fluctuating between $16.45 and $62.21 over the past year. Currently, Wall Street analysts expect the stock to reach $41 within the next 12 months. Biohaven Ltd [NYSE: BHVN] shares were valued at $35.31 at the most recent close of the market. An investor can expect a potential return of 16.11% based on the average BHVN price forecast.
Analyzing the BHVN fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -1.24, Equity is -1.47 and Total Capital is -1.63. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 34.70 points at the first support level, and at 34.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.73, and for the 2nd resistance point, it is at 36.16.
Ratios To Look Out For
It’s worth pointing out that Biohaven Ltd [NYSE:BHVN]’s Current Ratio is 4.03. On the other hand, the Quick Ratio is 4.03, and the Cash Ratio is 2.13.
Transactions by insiders
Recent insider trading involved Car Bruce, Chief Scientific Officer, that happened on Jun 17 ’24 when 30000.0 shares were purchased. Director, CHILDS JOHN W completed a deal on May 30 ’24 to buy 28000.0 shares. Meanwhile, Director CHILDS JOHN W bought 28500.0 shares on May 13 ’24.
