BioXcel Therapeutics (BTAI) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BioXcel Therapeutics in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BTAI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BTAI, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 12 month price targets for BioXcel Therapeutics' shares. Their BTAI share price targets range from $11.00 to $40.00. On average, they expect the company's stock price to reach $23.88 in the next year. This suggests a possible upside of 655.5% from the stock's current price.
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BioXcel Therapeutics' stock was trading at $21.48 on January 1st, 2023. Since then, BTAI shares have decreased by 85.3% and is now trading at $3.16.
View the best growth stocks for 2023 here.

BioXcel Therapeutics saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 5,080,000 shares, a decline of 12.6% from the October 31st total of 5,810,000 shares. Based on an average daily volume of 3,130,000 shares, the short-interest ratio is currently 1.6 days. Approximately 25.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
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BioXcel Therapeutics, Inc. (NASDAQ:BTAI) posted its quarterly earnings results on Tuesday, November, 14th. The company reported ($1.72) EPS for the quarter, missing the consensus estimate of ($1.29) by $0.43. The business had revenue of $0.34 million for the quarter, compared to analyst estimates of $0.84 million. BioXcel Therapeutics had a negative net margin of 17,037.44% and a negative trailing twelve-month return on equity of 890.63%.

iShares Neuroscience and Healthcare ETF holds 2,477 shares of BTAI stock, representing 0.39% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other BioXcel Therapeutics investors own include NVIDIA (NVDA), Alibaba Group (BABA), CRISPR Therapeutics (CRSP), JD.com (JD), Inseego (INSG), Marvell Technology (MRVL), Invitae (NVTA), Tesla (TSLA), Advanced Micro Devices (AMD) and Editas Medicine (EDIT).

(BTAI) raised $60 million in an initial public offering on Thursday, March 8th 2018. The company issued 5,000,000 shares at $11.00-$13.00 per share. Barclays, UBS Investment Bank and BMO Capital Markets acted as the underwriters for the IPO and Canaccord Genuity was co-manager.

BioXcel Therapeutics' stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (9.23%), Ameriprise Financial Inc. (2.28%), Northern Trust Corp (0.77%), Adage Capital Partners GP L.L.C. (0.68%), Charles Schwab Investment Management Inc. (0.47%) and Bank of New York Mellon Corp (0.44%). Insiders that own company stock include Bioxcel Llc, Frank Yocca, Javier Rodriguez, Krishnan Nandabalan, Richard I Steinhart, Vimal Mehta and Vincent O'neill.
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Shares of BTAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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