As of Tuesday, BeyondSpring Inc.’s (NASDAQ:BYSI) stock closed at $2.67, down from $2.72 the previous day. While BeyondSpring Inc. has underperformed by -1.84%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BYSI fell by -18.60%, with highs and lows ranging from $3.49 to $0.54, whereas the simple moving average jumped by 93.38% in the last 200 days.
Top 5 Undervalued Stocks To Own In 2023
Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.
Click here to download your Free Research Report…
Sponsored
On December 02, 2021, Jefferies Downgraded BeyondSpring Inc. (NASDAQ: BYSI) to Hold. A report published by BofA Securities on December 02, 2021, Downgraded its rating to ‘Underperform’ for BYSI. Robert W. Baird initiated its ‘Outperform’ rating for BYSI, as published in its report on September 09, 2021. H.C. Wainwright’s report from August 04, 2021 suggests a price prediction of $100 for BYSI shares, giving the stock a ‘Buy’ rating. H.C. Wainwright also rated the stock as ‘Neutral’.
Analysis of BeyondSpring Inc. (BYSI)
Further, the quarter-over-quarter increase in sales is 87.80%, showing a positive trend in the upcoming months.
For any stock, average volume can also provide valuable insight into volatility, and BYSI is recording 989.55K average volume. On a monthly basis, the volatility of the stock is set at 17.26%, whereas on a weekly basis, it is put at 15.60%, with a gain of 28.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.00, showing decline from the present price of $2.67, which can serve as yet another indication of whether BYSI is worth investing in or should be passed over.
How Do You Analyze BeyondSpring Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 40.55%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 18.27% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in BYSI shares?
The recent increase in stakes in BYSI appears to be a result of several institutional investors and hedge funds increasing their positions. Millennium Management LLC’s position in BYSI has decreased by -50.28% in the first quarter. The company now owns 343,976 shares of the stock, with a value of $0.65 million, following the sale of -347,850 additional shares during the last quarter. BNP Paribas Arbitrage SNC made another decreased to its shares in BYSI during the first quarter, downing its stake by -0.61%. During the last quarter, the company dropped down -1,532 additional shares for a total stake of worth $0.47 million, bringing number of shares owned by the company to 247,776.
During the first quarter, Renaissance Technologies LLC subtracted a -195,963 position in BYSI. D. E. Shaw & Co. LP sold an additional -0.19 million shares in the last quarter, decreasing its holdings by -53.61%, now holding 0.16 million shares worth $0.31 million. At the end of the first quarter, BlackRock Fund Advisors decreased its BYSI holdings by -13.15% and now holds 0.15 million BYSI shares valued at $0.29 million with the lessened 23140.0 shares during the period. BYSI shares are owned by institutional investors to the tune of 18.27% at present.
