Blueprint Medicines Corporation [NASDAQ: BPMC] loss -10.77% or -7.38 points to close at $61.17 with a heavy trading volume of 6971280 shares. The company report on August 17, 2022 that Blueprint Medicines Announces Positive Top-line Results from PIONEER Trial of AYVAKIT® (avapritinib) in Patients with Non-Advanced Systemic Mastocytosis Achieving Primary and All Key Secondary Endpoints.
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— AYVAKIT showed a superior mean change in total symptom score (p=0.003), compared to placebo plus best available care –.
— Highly significant reductions across all objective measures of mast cell burden reinforce the disease modifying activity of AYVAKIT –.
It opened the trading session at $53.74, the shares rose to $64.47 and dropped to $52.00, the range by which the price of stock traded the whole day. The daily chart for BPMC points out that the company has recorded -26.49% loss over the past six months. However, it is still -40.75% lower than its most recent low trading price.
If we look at the average trading volume of 820.50K shares, BPMC reached to a volume of 6971280 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 Blueprint Medicines Corporation [BPMC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BPMC shares is $90.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BPMC stock is a recommendation set at 2.10. 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.
Oppenheimer have made an estimate for Blueprint Medicines Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 08, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Underweight. The new note on the price target was released on June 27, 2022, representing the official price target for Blueprint Medicines Corporation stock. Previously, the target price had yet another drop from $68 to $41, while Citigroup kept a Sell rating on BPMC stock. On June 01, 2022, analysts decreased their price target for BPMC shares from 88 to 78.
The Average True Range (ATR) for Blueprint Medicines Corporation is set at 4.38, with the Price to Sales ratio for BPMC stock in the period of the last 12 months amounting to 15.30. The Price to Book ratio for the last quarter was 4.88, with the Price to Cash per share for the same quarter was set at 14.80.
Trading performance analysis for BPMC stock
Blueprint Medicines Corporation [BPMC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.82. With this latest performance, BPMC shares gained by 10.18% in over the last four-week period, additionally sinking by -26.49% over the last 6 months – not to mention a drop of -35.10% 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 BPMC stock in for the last two-week period is set at 49.68, with the RSI for the last a single of trading hit 44.36, and the three-weeks RSI is set at 51.38 for Blueprint Medicines Corporation [BPMC]. The present Moving Average for the last 50 days of trading for this stock 56.40, while it was recorded at 68.32 for the last single week of trading, and 72.81 for the last 200 days.
Blueprint Medicines Corporation [BPMC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Blueprint Medicines Corporation [BPMC] shares currently have an operating margin of -356.50 and a Gross Margin at +78.61. Blueprint Medicines Corporation’s Net Margin is presently recorded at -357.67.
Return on Equity for this stock declined to -52.78, with Return on Assets sitting at -43.36.
Blueprint Medicines Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.80 and a Current Ratio set at 6.00.
An analysis of insider ownership at Blueprint Medicines Corporation [BPMC]
There are presently around $3,905 million, in the hands of institutional investors. The top three institutional holders of BPMC stocks are: FMR LLC with ownership of 8,576,079, which is approximately 60.8% of the company’s market cap and around 1.30% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 5,631,687 shares of the stock with an approximate value of $344.49 million in BPMC stocks shares; and VANGUARD GROUP INC, currently with $343.58 million in BPMC stock with ownership of nearly 1.661% of the company’s market capitalization.
Positions in Blueprint Medicines Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 116 institutional holders increased their position in Blueprint Medicines Corporation [NASDAQ:BPMC] by around 9,923,709 shares. Additionally, 130 investors decreased positions by around 5,832,521 shares, while 37 investors held positions by with 48,074,822 shares. The mentioned changes placed institutional holdings at 63,831,052 shares, according to the latest SEC report filing. BPMC stock had 32 new institutional investments in for a total of 1,242,496 shares, while 42 institutional investors sold positions of 1,574,722 shares during the same period.