Can BELLUS Health Inc. (BLU) Add Value To Your Portfolio?

As of Friday close, BELLUS Health Inc.’s (NASDAQ:BLU) stock was up $1.26, moving up 12.15 percent to $11.63. The average number of shares traded per day over the past five days has been 1,022,320 shares. 3 times new highs have been achieved over the past 5 days, with a $1.82 gain in that time frame. In the last twenty days, the average volume was 1,452,450, while in the previous 50 days, it was 1,150,256.

Since last month, BLU stock rose 12.91%. Shares of the company fell to $8.76 on 07/14/22, the lowest level in the past month. A 52-week high of $11.10 was reached on 08/05/22 after having rallying from a 52-week low of $2.94. Since the beginning of this year, BLU’s stock price has risen by 44.47% or $3.58, and marked a new high 10 times. However, the stock has increased by 4.77% since its 52-week high.

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Valuation Metrics

The stock’s beta is 0.11. Besides these, the trailing price-to-sales (P/S) ratio of 75224.29, the price-to-book (PB) ratio of 4.42.

Financial Health

In the three months ended March 30, BELLUS Health Inc.’s quick ratio stood at 15.30, while its current ratio was 15.30, showing that the company is able to pay off its debt. Based on annual data, BLU earned $73.3 million in gross profit and brought in $16000.0 in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected BELLUS Health Inc. to report -$0.18 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by 27.80%. During the quarter, the company generated -$15.23 million in EBITDA. The liabilities of BELLUS Health Inc. were 16.53 million at the end of its most recent quarter ended March 30, and its total debt was $0.84 million.

Technical Picture

This quick technical analysis looks at BELLUS Health Inc.’s (BLU) price momentum. With a historical volatility rate of 56.93%, the RSI 9-day stood at 78.36% on 05 August.

With respect to its five-day moving average, the current BELLUS Health Inc. price is up by +18.55% percent or $1.82. At present, BLU shares trade +7.59% above its 20-day simple moving average and +108.80% percent above its 100-day simple moving average. However, the stock is currently trading approximately +44.11% above its SMA50 and +90.66% above its SMA200.

Stochastic coefficient K was 86.37% and Stochastic coefficient D was 76.42%, while ATR was 0.68. Given the Stochastic reading of 96.24% for the 14-day period, the RSI (14) reading has been calculated as 70.83%. As of today, the MACD Oscillator reading stands at 0.72, while the 14-day reading stands at 0.96.


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