Babylon Holdings Limited (NYSE: BBLN) stock fell -13.12% on Wednesday to $0.71 against a previous-day closing price of $0.81. With 0.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.53 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $0.7894 whereas the lowest price it dropped to was $0.7070. The 52-week range on BBLN shows that it touched its highest point at $36.25 and its lowest point at $0.74 during that stretch. It currently has a 1-year price target of $7.50.
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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 BBLN was down-trending over the past week, with a drop of -18.64%, but this was down by -89.90% over a month. Three-month performance dropped to -92.89% while six-month performance fell -94.35%. The stock lost -97.17% in the past year, while it has lost -89.53% so far this year. A look at the trailing 12-month EPS for BBLN yields -12.83 with Next year EPS estimates of -6.04. For the next quarter, that number is -2.44. This implies an EPS growth rate of -156.70% for this year and 24.00% for next year.
Float and Shares Shorts:
At present, 25.03 million BBLN shares are outstanding with a float of 6.07 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.37 million, which was 1.51% higher than short shares on Mar 30, 2023. In addition to Dr. Ali Parsadoust as the firm’s Founder, Chairman & CEO, Mr. Paul-Henri Ferrand serves as its Chief Operating Officer.
Institutional Ownership:
Through their ownership of 39.58% of BBLN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.28% of BBLN, in contrast to 20.30% held by mutual funds. Shares owned by individuals account for 1.24%. As the largest shareholder in BBLN with 4.79% of the stake, AMF Fonder AB holds 1,189,622 shares worth 1,189,622. A second-largest stockholder of BBLN, Raymond James & Associates, Inc., holds 159,645 shares, controlling over 0.64% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in BBLN, holding 153,956 shares or 0.62% stake.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, BBLN reported revenue of $265.36M and operating income of -$95.03M. The EBITDA in the recently reported quarter was -$82.96M and diluted EPS was -$10.25.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BBLN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BBLN analysts setting a high price target of $13.00 and a low target of $13.00, the average target price over the next 12 months is $13.00. Based on these targets, BBLN could surge 1730.99% to reach the target high and rise by 1730.99% to reach the target low. Reaching the average price target will result in a growth of 1730.99% 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.
Summary of Insider Activity:
Insiders traded BBLN stock several times over the past three months with 3 Buys and 12 Sells. In these transactions, 836 shares were bought while 62,252 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 836 while 62,252 shares were sold.
