Belite Bio Shares Gap Up to 23.06
| BLTE Stock | USD 57.20 1.06 1.82% |
About 62% of Belite Bio's investor base is looking to short. The analysis of the overall investor sentiment regarding Belite Bio ADR suggests that many traders are alarmed. The current market sentiment, together with Belite Bio's historical and current headlines, can help investors time the market. In addition, many technical investors use Belite Bio ADR stock news signals to limit their universe of possible portfolio assets.
Belite |
Belite Bio, Inc s stock price gapped up prior to trading on Friday . The stock had previously closed at 23.06, but opened at 23.61. Belite Bio shares last traded at 23.25, with a volume of 3,120 shares changing hands. Wall Street Analysts Forecast Growth A number of brokerages have recently
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Belite Bio Fundamental Analysis
We analyze Belite Bio's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Belite Bio using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Belite Bio based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Belite Bio is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Belite Bio ADR Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Belite Bio stock to make a market-neutral strategy. Peer analysis of Belite Bio could also be used in its relative valuation, which is a method of valuing Belite Bio by comparing valuation metrics with similar companies.
Peers
Belite Bio Related Equities
| GLTO | Galecto | 4.29 | ||||
| LRMR | Larimar Therapeutics | 3.77 | ||||
| MOLN | Molecular Partners | 3.71 | ||||
| CNTA | Centessa Pharmaceuticals | 3.25 | ||||
| ANTX | AN2 Therapeutics | 2.70 | ||||
| ANAB | AnaptysBio | 2.56 | ||||
| GLUE | Monte Rosa | 0.92 | ||||
| ALGS | Aligos Therapeutics | 0.66 | ||||
| AVTE | Aerovate Therapeutics | 0.41 | ||||
| TRDA | Entrada Therapeutics | 0.33 | ||||
| AADI | Aadi Bioscience | 0.39 | ||||
| ACRV | Acrivon Therapeutics, | 0.56 | ||||
| CELC | Celcuity LLC | 0.74 | ||||
| ADAG | Adagene | 0.99 | ||||
| IMRX | Immuneering Corp | 1.20 | ||||
| VIGL | Vigil Neuroscience | 2.02 | ||||
| IKNA | Ikena Oncology | 2.19 | ||||
| PMVP | Pmv Pharmaceuticals | 2.84 | ||||
| ANEB | Anebulo Pharmaceuticals | 3.33 | ||||
| MLYS | Mineralys Therapeutics, | 8.23 |
Complementary Tools for Belite Stock analysis
When running Belite Bio's price analysis, check to measure Belite Bio's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Belite Bio is operating at the current time. Most of Belite Bio's value examination focuses on studying past and present price action to predict the probability of Belite Bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Belite Bio's price. Additionally, you may evaluate how the addition of Belite Bio to your portfolios can decrease your overall portfolio volatility.
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