BridgeBio Pharma Inc. [NASDAQ: BBIO] loss -4.46% on the last trading session, reaching $48.85 price per share at the time. The company report on December 3, 2020 that SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of BridgeBio Pharma, Inc. Merger.
Rigrodsky & Long, P.A. announces that it is investigating BridgeBio Pharma, Inc. (“BridgeBio”) (NASDAQ GS: BBIO) regarding possible breaches of fiduciary duties and other violations of law related to BridgeBio’s agreement to merge with Eidos Therapeutics, Inc. (“Eidos”). Under the terms of the agreement, BridgeBio will issue either $73.26 in cash or 1.85 shares of BridgeBio common stock to shareholders of Eidos.
To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-bridgebio-pharma-inc.
BridgeBio Pharma Inc. represents 118.17 million in outstanding shares, while the company has a total market value of $5.91 billion with the latest information. BBIO stock price has been found in the range of $48.49 to $51.02.
If compared to the average trading volume of 754.68K shares, BBIO reached a trading volume of 1639640 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about BridgeBio Pharma Inc. [BBIO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BBIO shares is $49.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BBIO stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA/Merrill have made an estimate for BridgeBio Pharma Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 25, 2020. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on May 19, 2020, representing the official price target for BridgeBio Pharma Inc. stock. Previously, the target price had yet another raise to $50, while H.C. Wainwright analysts kept a Buy rating on BBIO stock.
The Average True Range (ATR) for BridgeBio Pharma Inc. is set at 1.92, with the Price to Sales ratio for BBIO stock in the period of the last 12 months amounting to 269.72. The Price to Book ratio for the last quarter was 35.14, with the Price to Cash per share for the same quarter was set at 5.88.
Trading performance analysis for BBIO stock
BridgeBio Pharma Inc. [BBIO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.98. With this latest performance, BBIO shares gained by 26.65% in over the last four-week period, additionally plugging by 75.91% over the last 6 months – not to mention a rise of 59.85% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BBIO stock in for the last two-week period is set at 67.65, with the RSI for the last a single of trading hit 67.33, and the three-weeks RSI is set at 67.55 for BridgeBio Pharma Inc. [BBIO]. The present Moving Average for the last 50 days of trading for this stock 41.20, while it was recorded at 49.56 for the last single week of trading, and 32.79 for the last 200 days.
BridgeBio Pharma Inc. [BBIO]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and BridgeBio Pharma Inc. [BBIO] shares currently have an operating margin of -656.41 and a Gross Margin at +93.84. BridgeBio Pharma Inc.’s Net Margin is presently recorded at -642.47.
Return on Total Capital for BBIO is now -52.84, given the latest momentum, and Return on Invested Capital for the company is -59.93. Return on Equity for this stock declined to -213.19, with Return on Assets sitting at -47.53. When it comes to the capital structure of this company, BridgeBio Pharma Inc. [BBIO] has a Total Debt to Total Equity ratio set at 24.43. Additionally, BBIO Total Debt to Total Capital is recorded at 19.63, with Total Debt to Total Assets ending up at 15.80. Long-Term Debt to Equity for the company is recorded at 22.47, with the Long-Term Debt to Total Capital now at 18.06.
Reflecting on the efficiency of the workforce at the company, BridgeBio Pharma Inc. [BBIO] managed to generate an average of -$1,050,754 per employee.BridgeBio Pharma Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.80 and a Current Ratio set at 9.80.
BridgeBio Pharma Inc. [BBIO]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, BridgeBio Pharma Inc. posted -0.62/share EPS, while the average EPS was predicted by analysts to be reported at -0.7/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BBIO.
An analysis of insider ownership at BridgeBio Pharma Inc. [BBIO]
There are presently around $5,732 million, in the hands of institutional investors. The top three institutional holders of BBIO stocks are: KOHLBERG KRAVIS ROBERTS & CO. L.P. with ownership of 34,510,971, which is approximately 0% of the company’s market cap and around 7.40% of the total institutional ownership; VIKING GLOBAL INVESTORS LP, holding 26,620,991 shares of the stock with an approximate value of $1.3 billion in BBIO stocks shares; and PERCEPTIVE ADVISORS LLC, currently with $327.6 million in BBIO stock with ownership of nearly 0% of the company’s market capitalization.
Positions in BridgeBio Pharma Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 60 institutional holders increased their position in BridgeBio Pharma Inc. [NASDAQ:BBIO] by around 3,451,548 shares. Additionally, 63 investors decreased positions by around 3,407,732 shares, while 19 investors held positions by with 110,470,171 shares. The mentioned changes placed institutional holdings at 117,329,451 shares, according to the latest SEC report filing. BBIO stock had 27 new institutional investments in for a total of 472,653 shares, while 13 institutional investors sold positions of 513,283 shares during the same period.