Brickell Biotech Inc. [NASDAQ: BBI] jumped around 0.0 points on Tuesday, while shares priced at $0.23 at the close of the session, up 3.10%. The company report on May 3, 2022 that Brickell Biotech Announces Adjournment of Annual Meeting of Stockholders.
Meeting adjourned to May 17, 2022 at 10 a.m. MT.
Brickell encourages all stockholders of record on March 7, 2022 who have not yet voted to do so by 11:59 p.m. Eastern Time on May 16, 2022.
Brickell Biotech Inc. stock is now 1.57% up from its year-to-date (YTD) trading value. BBI Stock saw the intraday high of $0.2415 and lowest of $0.2217 per share. The company’s 52-week high price is 1.06, which means current price is +18.26% above from all time high which was touched on 04/19/22.
Compared to the average trading volume of 4.72M shares, BBI reached a trading volume of 6628354 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Brickell Biotech Inc. [BBI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BBI shares is $2.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BBI stock is a recommendation set at 1.50. 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.
Lake Street have made an estimate for Brickell Biotech Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 28, 2020. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on August 25, 2020, representing the official price target for Brickell Biotech Inc. stock.
The Average True Range (ATR) for Brickell Biotech Inc. is set at 0.04, with the Price to Sales ratio for BBI stock in the period of the last 12 months amounting to 76.11. The Price to Book ratio for the last quarter was 1.01, with the Price to Cash per share for the same quarter was set at 0.21.
How has BBI stock performed recently?
Brickell Biotech Inc. [BBI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.76. With this latest performance, BBI shares dropped by -11.53% in over the last four-week period, additionally sinking by -42.59% over the last 6 months – not to mention a drop of -76.35% 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 BBI stock in for the last two-week period is set at 43.39, with the RSI for the last a single of trading hit 40.41, and the three-weeks RSI is set at 45.36 for Brickell Biotech Inc. [BBI]. The present Moving Average for the last 50 days of trading for this stock 0.2549, while it was recorded at 0.2278 for the last single week of trading, and 0.4140 for the last 200 days.
Brickell Biotech Inc. [BBI]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Brickell Biotech Inc. [BBI] shares currently have an operating margin of -9961.39. Brickell Biotech Inc.’s Net Margin is presently recorded at -9770.79.
Return on Equity for this stock declined to -151.70, with Return on Assets sitting at -124.62.
Brickell Biotech Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.20 and a Current Ratio set at 6.20.
Insider trade positions for Brickell Biotech Inc. [BBI]
There are presently around $3 million, or 18.30% of BBI stock, in the hands of institutional investors. The top three institutional holders of BBI stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 3,035,283, which is approximately 120.299% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 2,710,816 shares of the stock with an approximate value of $0.61 million in BBI stocks shares; and TELEMETRY INVESTMENTS, L.L.C., currently with $0.57 million in BBI stock with ownership of nearly 262.195% of the company’s market capitalization.
Positions in Brickell Biotech Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 17 institutional holders increased their position in Brickell Biotech Inc. [NASDAQ:BBI] by around 4,564,116 shares. Additionally, 8 investors decreased positions by around 408,011 shares, while 12 investors held positions by with 6,829,225 shares. The mentioned changes placed institutional holdings at 11,801,352 shares, according to the latest SEC report filing. BBI stock had 6 new institutional investments in for a total of 596,431 shares, while 4 institutional investors sold positions of 302,074 shares during the same period.