Analysts Rating: Boundless Bio Inc. (NASDAQ:BOLD) Stock Won “an Overweight” Rating From Piper Sandler

Piper Sandler raised the price target for the Boundless Bio Inc. (NASDAQ:BOLD) stock to “an Overweight”. The rating was released on April 22, 2024, according to finviz. The research report from Guggenheim has initiated the stock to Buy, with a price target set at $24.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 16.96% within the last five trades and -6.30% within the last 30 trades, which was a significant change from the beginning of this year. BOLD stock is trading at a margin of 13.15%, 3.28% and 3.28% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, BOLD deals in the Healthcare domain. The stock is trading -25.79 percent below its 52-week high and 32.90 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is null. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Boundless Bio Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

The stock’s market cap achieved a total value of $251.65 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 36.54 percent of Boundless Bio Inc. shares are owned by insiders, and 53.66 percent are held by financial institutions. RA CAPITAL MANAGEMENT, L.P., the 10% Owner at Boundless Bio Inc. (BOLD) has bought 312,500 shares of firm on Apr 02 ’24 at a price of $16.00 against the total amount of $5.0 million. In another inside trade, ARCH Venture Fund IX, L.P., 10% Owner of Boundless Bio Inc. (NASDAQ:BOLD) bought 200,000 shares of the firm on Apr 02 ’24 for a total worth of $3.2 million at a price of $16.00. An inside trade which took place on Apr 02 ’24, 10% Owner of Boundless Bio Inc. CRANDELL KEITH bought 200,000 shares of firm against total price of $3.2 million at the cost of $16.00 per share.

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