2 times Within The Past Five Days, BeyondSpring Inc. (BYSI) Hit A New High

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BeyondSpring Inc. (NASDAQ:BYSI) traded with an addition of $0.1 to close at $1.89 on Friday, an upside of 5.59 percent. An average of 519,080 shares of common stock have been traded in the last five days. There was a gain of $0.2101 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 2,459,405 shares traded, while the 50-day average volume stands at 1,051,806.

BYSI stock has increased by 198.33% in the last month. The company shares reached their 1-month lowest point of $0.5420 on 12/07/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.54 and a high of $5.18 in 52 weeks. It has reached a new high 1 time so far this year and lost -60.49% or -$2.6599 in price. In spite of this, the price is down -63.48% from the 52-week high.


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Valuation Metrics

BeyondSpring Inc. (BYSI) stock’s beta is 0.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 48.87, the price-to-book (PB) ratio at 2.63.

Financial Health

The quick ratio of BeyondSpring Inc. for the three months ended December 30 was 5.00, and the current ratio was 5.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.06 for the quarter ending December 30. Its gross profit as reported stood at $67.59 million compared to revenue of $1.35 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, BeyondSpring Inc.’s return on assets was -71.40%.

Earnings Surprise

For the three-month period that ended December 30, BeyondSpring Inc. had $30.74 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$64.18 million in the quarter, while revenues were grew 5.0%. The analyst consensus anticipated BeyondSpring Inc.’s latest quarter earnings to come in at -$0.26 per share, but it turned out to be -$0.24, a 7.70% surprise. For the quarter, EBITDA amounted to -$10.48 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at BeyondSpring Inc. (BYSI) price momentum. RSI 9-day as of the close on 29 December was 61.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 298.79%.

As of today, BYSI’s price is $1.6440 +12.66% or $0.2101 from its 5-day moving average. BYSI is currently trading +228.09% higher than its 20-day SMA and +27.22% higher than its 100-day SMA. However, the stock’s current price level is +134.00% above the SMA50 and +0.54% above the SMA200.

The stochastic %K and %D were 46.86% and 42.84%, respectively, and the average true range (ATR) was 0.3718. With the 14-day stochastic at 53.59% and the average true range at 0.3186, the RSI (14) stands at 61.59%. The stock has reached -0.0955 on the 9-day MACD Oscillator while the 14-day reading was at 0.0614.

Analyst Ratings

Jefferies downgraded BeyondSpring Inc. (NASDAQ: BYSI) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for BeyondSpring Inc. (BYSI) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BYSI, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is BYSI’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $5.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for BeyondSpring Inc. (BYSI) stock is $5.00.

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