At the time of writing, Biohaven Ltd [BHVN] stock is trading at $51.00, down -0.35%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BHVN shares have gain 26.27% over the last week, with a monthly amount glided 24.36%, 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 September 16, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $57. Previously, Bernstein started tracking the stock with Outperform rating on September 04, 2024, and set its price target to $55. On July 24, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $58 on the stock. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $62 on February 16, 2024. UBS initiated its recommendation with a Buy and recommended $59 as its price target on February 06, 2024. H.C. Wainwright started tracking with a Buy rating for this stock on December 22, 2023, and assigned it a price target of $50. In a note dated December 08, 2023, Robert W. Baird initiated an Outperform rating and provided a target price of $58 on this stock.
For the past year, the stock price of Biohaven Ltd fluctuated between $20.80 and $62.21. Currently, Wall Street analysts expect the stock to reach $56.1 within the next 12 months. Biohaven Ltd [NYSE: BHVN] shares were valued at $51.00 at the most recent close of the market. An investor can expect a potential return of 10.0% based on the average BHVN price forecast.
Analyzing the BHVN fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -1.28, Equity is -2.13 and Total Capital is -1.83. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 50.28 points at the first support level, and at 49.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.67, and for the 2nd resistance point, it is at 52.35.
Ratios To Look Out For
It is important to note that Biohaven Ltd [NYSE:BHVN] has a current ratio of 3.27. Also, the Quick Ratio is 3.27, while the Cash Ratio stands at 1.53.
Transactions by insiders
Recent insider trading involved Bailey Gregory, Director, that happened on Sep 24 ’24 when 5000.0 shares were purchased. Director, CHILDS JOHN W completed a deal on Jul 18 ’24 to buy 28400.0 shares. Meanwhile, Chief Scientific Officer Car Bruce bought 30000.0 shares on Jun 17 ’24.
