Bellerophon Therapeutics Inc. [NASDAQ: BLPH] stock went on an upward path that rose over 94.10% on Monday, amounting to a one-week price increase of more than 172.09%. The company report on March 6, 2023 that Bellerophon Therapeutics Announces $5 Million Registered Direct Offering.
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The Company intends to use the proceeds of this $5 million offering to complete the Company’s REBUILD Phase 3 study and for working capital and general corporate purposes. The REBUILD study is a Phase 3, randomized, double-blind, placebo-controlled dose escalation and verification clinical trial evaluating the safety and efficacy of pulsed inhaled nitric oxide (iNO) in patients at risk for pulmonary hypertension associated with pulmonary fibrosis on long-term oxygen therapy. With a total of 145 patients fully enrolled, the study is powered >90%, (p-value of 0.01) for the primary endpoint of a change in MVPA measured by actigraphy based on the results from Phase 2. The Company expects to report topline data in mid-2023.
Over the last 12 months, BLPH stock rose by 57.40%. The one-year Bellerophon Therapeutics Inc. stock forecast points to a potential upside of 85.67. The average equity rating for BLPH stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $34.15 million, with 9.55 million shares outstanding and 9.21 million shares in the current float. Compared to the average trading volume of 1.11M shares, BLPH stock reached a trading volume of 34460536 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Bellerophon Therapeutics Inc. [BLPH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLPH shares is $24.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLPH stock is a recommendation set at 2.00. 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.
Jefferies have made an estimate for Bellerophon Therapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 11, 2020. While these analysts kept the previous recommendation, Maxim Group raised their target price to Buy. The new note on the price target was released on January 24, 2019, representing the official price target for Bellerophon Therapeutics Inc. stock. Previously, the target price had yet another raise to $4.50, while Ladenburg Thalmann analysts kept a Buy rating on BLPH stock.
The Average True Range (ATR) for Bellerophon Therapeutics Inc. is set at 0.44 The Price to Book ratio for the last quarter was 4.50, with the Price to Cash per share for the same quarter was set at 1.16.
BLPH Stock Performance Analysis:
Bellerophon Therapeutics Inc. [BLPH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 172.09. With this latest performance, BLPH shares gained by 85.71% in over the last four-week period, additionally plugging by 210.62% over the last 6 months – not to mention a rise of 57.40% 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 BLPH stock in for the last two-week period is set at 80.78, with the RSI for the last a single of trading hit 87.23, and the three-weeks RSI is set at 75.93 for Bellerophon Therapeutics Inc. [BLPH]. The present Moving Average for the last 50 days of trading for this stock 1.7600, while it was recorded at 2.1700 for the last single week of trading, and 1.3100 for the last 200 days.
Insight into Bellerophon Therapeutics Inc. Fundamentals:
Return on Equity for this stock declined to -59.32, with Return on Assets sitting at -46.05.
Bellerophon Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.30.
Bellerophon Therapeutics Inc. [BLPH] Insider Position Details
There are presently around $3 million, or 31.20% of BLPH stock, in the hands of institutional investors. The top three institutional holders of BLPH stocks are: WELLS FARGO & COMPANY/MN with ownership of 191,065, which is approximately -4.498% of the company’s market cap and around 0.70% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 171,799 shares of the stock with an approximate value of $0.6 million in BLPH stocks shares; and VANGUARD GROUP INC, currently with $0.51 million in BLPH stock with ownership of nearly -57.76% of the company’s market capitalization.
Positions in Bellerophon Therapeutics Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 8 institutional holders increased their position in Bellerophon Therapeutics Inc. [NASDAQ:BLPH] by around 94,542 shares. Additionally, 9 investors decreased positions by around 252,967 shares, while 9 investors held positions by with 577,994 shares. The mentioned changes placed institutional holdings at 925,503 shares, according to the latest SEC report filing. BLPH stock had 7 new institutional investments in for a total of 94,535 shares, while 1 institutional investors sold positions of 14,663 shares during the same period.