At the time of writing, Blueprint Medicines Corp [BPMC] stock is trading at $90.06, down -1.77%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BPMC shares have gain 4.36% over the last week, with a monthly amount drifted -3.69%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Blueprint Medicines Corp [NASDAQ: BPMC] stock has seen the most recent analyst activity on May 14, 2024, when Stephens initiated its Overweight rating and assigned the stock a price target of $140. Previously, Leerink Partners upgraded its rating to Market Perform on May 06, 2024, and elevated its price target to $97. On October 27, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $85 on the stock. Needham reiterated its Buy rating and increased its price target to $66 on August 21, 2023. Wells Fargo upgraded its rating to a Overweight and raised its price target to $82 on July 31, 2023. SVB Securities downgraded its rating to Underperform for this stock on June 05, 2023, and downed its price target to $43. In a note dated January 03, 2023, Wells Fargo upgraded an Equal Weight rating on this stock but restated the target price of $41.
For the past year, the stock price of Blueprint Medicines Corp fluctuated between $43.89 and $121.90. Currently, Wall Street analysts expect the stock to reach $105.62 within the next 12 months. Blueprint Medicines Corp [NASDAQ: BPMC] shares were valued at $90.06 at the most recent close of the market. An investor can expect a potential return of 17.28% based on the average BPMC price forecast.
Analyzing the BPMC fundamentals
According to Blueprint Medicines Corp [NASDAQ:BPMC], the company’s sales were 362.80M for trailing twelve months, which represents an 139.98% jump. Gross Profit Margin for this corporation currently stands at 0.93% with Operating Profit Margin at -0.98%, Pretax Profit Margin comes in at -0.56%, and Net Profit Margin reading is -0.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.85 and Total Capital is -0.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.08.
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 89.02 points at the first support level, and at 87.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.78, and for the 2nd resistance point, it is at 93.49.
Ratios To Look Out For
It is important to note that Blueprint Medicines Corp [NASDAQ:BPMC] has a current ratio of 3.71. Further, the Quick Ratio stands at 3.65, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 15.73, the price to book ratio is 17.76.
Transactions by insiders
Recent insider trading involved Albers Jeffrey W., Director, that happened on Sep 09 ’24 when 19702.0 shares were sold. Director, Albers Jeffrey W. completed a deal on Sep 09 ’24 to buy 19702.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Landsittel Michael sold 4409.0 shares on Aug 15 ’24.
