Investors in cash trouble should check out BELLUS Health Inc. (BLU)

BELLUS Health Inc. (NASDAQ: BLU) stock jumped 0.75% on Tuesday to $8.01 against a previous-day closing price of $7.95. With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.57 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $8.13 whereas the lowest price it dropped to was $7.89. The 52-week range on BLU shows that it touched its highest point at $12.69 and its lowest point at $4.98 during that stretch. Beta for the stock currently stands at 0.15.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BLU was up-trending over the past week, with a rise of 1.01%, but this was down by -8.14% over a month. Three-month performance dropped to -15.33% while six-month performance fell -12.07%. The stock gained 44.06% in the past year, while it has lost -2.55% so far this year. A look at the trailing 12-month EPS for BLU yields -0.69 with Next year EPS estimates of -0.64. For the next quarter, that number is -0.18. This implies an EPS growth rate of -66.90% for this year and -11.40% for next year.

Float and Shares Shorts:

At present, 121.80 million BLU shares are outstanding with a float of 103.38 million shares on hand for trading. On Oct 13, 2022, short shares totaled 11.43 million, which was 9.09% higher than short shares on Sep 14, 2022. In addition to Mr. Roberto Francesco Bellini as the firm’s Pres, CEO & Director, Mr. Ramzi Benamar serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 88.83% of BLU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of BLU, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 2.38% stake in BLU, the Polar Capital Funds Plc – Biotech is the largest stakeholder. A total of 3,000,000 shares are owned by the mutual fund manager. The Pictet – Global Megatrend Selecti, which owns about 1.83% of BLU stock, is the second-largest Mutual Fund holder. It holds 2,297,780 shares valued at 18.89 million. Fidelity Select Port. – Biotechno holds 1.65% of the stake in BLU, owning 2,069,064 shares worth 17.01 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BLU since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BLU analysts setting a high price target of $24.00 and a low target of $12.05, the average target price over the next 12 months is $18.92. Based on these targets, BLU could surge 199.63% to reach the target high and rise by 50.44% to reach the target low. Reaching the average price target will result in a growth of 136.2% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BLU will report FY 2022 earnings on 02/22/2024. Analysts have provided yearly estimates in a range of -$0.56 being high and -$0.78 being low. For BLU, this leads to a yearly average estimate of -$0.72. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. BELLUS Health Inc. surprised analysts by -$0.03 when it reported -$0.20 EPS against a consensus estimate of -$0.17. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.26. The average estimate for the next quarter is thus -$0.20.

Summary of Insider Activity:

Insiders traded BLU stock several times over the past three months with 4 Buys and 8 Sells. In these transactions, 515,835 shares were bought while 999,885 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 1,670,178 while 1,510,457 shares were sold.

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