While Bolt Biotherapeutics Inc has overperformed by 0.33%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BOLT fell by -48.65%, with highs and lows ranging from $1.56 to $0.47, whereas the simple moving average fell by -35.19% in the last 200 days.
On January 06, 2022, Morgan Stanley Downgraded Bolt Biotherapeutics Inc (NASDAQ: BOLT) to Equal-Weight. A report published by SVB Leerink on March 02, 2021, Initiated its previous ‘Outperform’ rating for BOLT. Stifel also rated BOLT shares as ‘Buy’, setting a target price of $40 on the company’s shares in an initiating report dated March 02, 2021. Morgan Stanley Initiated an Overweight rating on March 02, 2021, and assigned a price target of $45. Guggenheim initiated its ‘Buy’ rating for BOLT, as published in its report on March 02, 2021.
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Analysis of Bolt Biotherapeutics Inc (BOLT)
Further, the quarter-over-quarter decrease in sales is -54.87%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Bolt Biotherapeutics Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -64.99% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.16, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 150.87K can be a very valuable indicator of volatility for BOLT stock. On a monthly basis, the volatility of the stock is set at 6.90%, whereas on a weekly basis, it is put at 7.61%, with a loss of -4.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.75, showing growth from the present price of $0.51, which can serve as yet another indication of whether BOLT is worth investing in or should be passed over.
How Do You Analyze Bolt Biotherapeutics Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in 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 32.53%. 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 21.95% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BOLT shares are owned by institutional investors to the tune of 21.95% at present.