BioAtla, Inc. (NASDAQ:BCAB – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 4,750,000 shares, an increase of 18.8% from the July 31st total of 4,000,000 shares. Based on an average daily volume of 955,100 shares, the short-interest ratio is presently 5.0 days.
BioAtla Stock Down 2.7 %
Shares of NASDAQ:BCAB traded down $0.05 during trading on Friday, reaching $1.77. 457,341 shares of the company traded hands, compared to its average volume of 1,033,127. The firm has a market capitalization of $85.17 million, a PE ratio of -0.71 and a beta of 1.06. BioAtla has a 52 week low of $1.14 and a 52 week high of $4.02. The company’s 50 day moving average is $1.63 and its two-hundred day moving average is $2.20.
BioAtla (NASDAQ:BCAB – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.01. During the same quarter in the prior year, the firm posted ($0.75) EPS. As a group, research analysts anticipate that BioAtla will post -1.51 EPS for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several equities analysts recently commented on the stock. HC Wainwright restated a “buy” rating and issued a $7.00 price target on shares of BioAtla in a research note on Wednesday, May 15th. JMP Securities decreased their target price on shares of BioAtla from $12.00 to $5.00 and set a “market outperform” rating on the stock in a research report on Thursday, May 23rd.
Read Our Latest Stock Report on BCAB
About BioAtla
BioAtla, Inc, a clinical-stage biopharmaceutical company, develops specific and selective antibody-based therapeutics for the treatment of solid tumor cancer. The company's lead clinical stage product candidates include mecbotamab vedotin (BA3011), a conditionally active biologic (CAB) antibody-drug conjugate (ADC), which is in Phase II clinical trial for treating undifferentiated pleomorphic sarcoma and non-small cell lung cancer (NSCLC); and ozuriftabmab vedotin (BA3021), a CAB ADC that is in Phase II clinical trial for the treatment of melanoma and squamous cell cancer of the head and neck.
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