Atika Capital Management LLC purchased a new position in shares of Bright Minds Biosciences Inc. (NASDAQ:DRUG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the company's stock, valued at approximately $540,000. Atika Capital Management LLC owned about 0.34% of Bright Minds Biosciences as of its most recent SEC filing.
Bright Minds Biosciences Stock Up 1.4 %
Shares of Bright Minds Biosciences stock traded up $0.40 during trading on Friday, reaching $29.16. The company's stock had a trading volume of 5,347 shares, compared to its average volume of 816,643. The business has a 50 day moving average price of $35.99 and a 200-day moving average price of $34.70. Bright Minds Biosciences Inc. has a 12-month low of $0.93 and a 12-month high of $79.02. The company has a market capitalization of $205.40 million, a P/E ratio of -172.23 and a beta of -5.50.
Bright Minds Biosciences (NASDAQ:DRUG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.23) by $0.24. Research analysts predict that Bright Minds Biosciences Inc. will post -1.24 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have weighed in on DRUG shares. HC Wainwright reaffirmed a "buy" rating and set a $85.00 price objective on shares of Bright Minds Biosciences in a research report on Wednesday, February 19th. Cantor Fitzgerald started coverage on shares of Bright Minds Biosciences in a research report on Friday, January 10th. They issued an "overweight" rating on the stock. Finally, Piper Sandler began coverage on shares of Bright Minds Biosciences in a research report on Thursday, January 23rd. They set an "overweight" rating and a $93.00 price objective for the company. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $84.33.
Read Our Latest Stock Report on DRUG
Bright Minds Biosciences Company Profile
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Free Report)
Bright Minds Biosciences Inc, a biotechnology company, develops therapeutics to improve the lives of patients with severe and life-altering diseases in the United States. Its portfolio of selective 5-HT receptor agonists includes 5-HT2C, 5-HT2A, and 5-HT2C/A for the treatment of epilepsy, pain, and neuropsychiatry; and BMB-101 which completes phase 1 trial for undisclosed seizure disorder.
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