Bellicum Pharmaceuticals Inc. [NASDAQ: BLCM] surged by $0.7 during the normal trading session on Wednesday and reaching a high of $4.659 during the day while it closed the day at $4.56. The company report on December 10, 2020 that Bellicum Enrolls First Patient in Phase 1/2 Clinical Trial for BPX-603.
Bellicum Pharmaceuticals, Inc. (NASDAQ:BLCM), a leader in developing novel, controllable cellular immunotherapies for cancers, announced enrollment and apheresis of the first patient in the Phase 1/2 clinical trial for BPX-603 in patients with tumors that express human epidermal growth factor 2 (HER2). BPX-603 is Bellicum’s first dual switch GoCAR-T® product candidate that incorporates the company’s iMC activation and CaspaCIDe® safety switch technologies.
“Initiation of this Phase 1/2 dose escalation clinical trial for BPX-603 denotes an important achievement for Bellicum and represents our second GoCAR-T program to enter the clinic,” stated Rick Fair, President and CEO. “This program may provide further validation of our technology’s ability to enhance both the efficacy and safety of immune cell therapy against solid tumors. We are excited to advance this potentially life-saving treatment approach into the clinic.”.
Bellicum Pharmaceuticals Inc. stock has also gained 24.25% of its value over the past 7 days. However, BLCM stock has declined by -29.85% in the 3 months of the year. Over the past six months meanwhile, it has lost -39.52% and gained 29.18% year-on date.
The market cap for BLCM stock reached $23.99 million, with 5.06 million shares outstanding and 5.04 million shares in the current float. Compared to the average trading volume of 478.67K shares, BLCM reached a trading volume of 1382283 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Bellicum Pharmaceuticals Inc. [BLCM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLCM shares is $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLCM stock is a recommendation set at 3.00. 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.
Wells Fargo have made an estimate for Bellicum Pharmaceuticals Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 30, 2020. The new note on the price target was released on October 30, 2020, representing the official price target for Bellicum Pharmaceuticals Inc. stock. On April 12, 2018, analysts increased their price target for BLCM shares from 10 to 18.
The Average True Range (ATR) for Bellicum Pharmaceuticals Inc. is set at 0.35, with the Price to Sales ratio for BLCM stock in the period of the last 12 months amounting to 4.70.
BLCM stock trade performance evaluation
Bellicum Pharmaceuticals Inc. [BLCM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.25. With this latest performance, BLCM shares gained by 50.00% in over the last four-week period, additionally sinking by -39.52% over the last 6 months – not to mention a drop of -78.79% 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 BLCM stock in for the last two-week period is set at 69.06, with the RSI for the last a single of trading hit 75.53, and the three-weeks RSI is set at 62.91 for Bellicum Pharmaceuticals Inc. [BLCM]. The present Moving Average for the last 50 days of trading for this stock 3.26, while it was recorded at 3.90 for the last single week of trading, and 5.82 for the last 200 days.
Bellicum Pharmaceuticals Inc. [BLCM]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Bellicum Pharmaceuticals Inc. [BLCM] shares currently have an operating margin of -1223.07. Bellicum Pharmaceuticals Inc.’s Net Margin is presently recorded at -1574.65.
Return on Total Capital for BLCM is now -126.87, given the latest momentum, and Return on Invested Capital for the company is -178.21. Return on Equity for this stock declined to -352.99, with Return on Assets sitting at -94.62. Additionally, BLCM Total Debt to Total Capital is recorded at 114.27, with Total Debt to Total Assets ending up at 32.72.
Reflecting on the efficiency of the workforce at the company, Bellicum Pharmaceuticals Inc. [BLCM] managed to generate an average of -$1,051,187 per employee. Receivables Turnover for the company is 11.79 with a Total Asset Turnover recorded at a value of 0.06.Bellicum Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.
Earnings per share (EPS) analysis for Bellicum Pharmaceuticals Inc. [BLCM] stock
With the latest financial reports released by the company, Bellicum Pharmaceuticals Inc. posted -5.82/share EPS, while the average EPS was predicted by analysts to be reported at -4/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -45.50%. 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 BLCM.
Bellicum Pharmaceuticals Inc. [BLCM]: Insider Ownership positions
There are presently around $4 million, or 33.70% of BLCM stock, in the hands of institutional investors. The top three institutional holders of BLCM stocks are: BAKER BROS. ADVISORS LP with ownership of 249,123, which is approximately 0% of the company’s market cap and around 0.32% of the total institutional ownership; VANGUARD GROUP INC, holding 174,003 shares of the stock with an approximate value of $0.67 million in BLCM stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $0.62 million in BLCM stock with ownership of nearly -13.778% of the company’s market capitalization.
Positions in Bellicum Pharmaceuticals Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 6 institutional holders increased their position in Bellicum Pharmaceuticals Inc. [NASDAQ:BLCM] by around 56,398 shares. Additionally, 16 investors decreased positions by around 71,154 shares, while 7 investors held positions by with 891,974 shares. The mentioned changes placed institutional holdings at 1,019,526 shares, according to the latest SEC report filing. BLCM stock had 2 new institutional investments in for a total of 41,481 shares, while 7 institutional investors sold positions of 39,069 shares during the same period.