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Bicara Therapeutics (NASDAQ:BCAX) Shares Down 4.5% - Time to Sell?

Bicara Therapeutics logo with Medical background

Bicara Therapeutics Inc. (NASDAQ:BCAX - Get Free Report) fell 4.5% during trading on Tuesday . The stock traded as low as $12.68 and last traded at $12.88. 52,442 shares changed hands during trading, a decline of 85% from the average session volume of 342,036 shares. The stock had previously closed at $13.48.

Analyst Ratings Changes

Several brokerages have recently commented on BCAX. HC Wainwright boosted their price objective on Bicara Therapeutics from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Wedbush reaffirmed an "outperform" rating and issued a $31.00 target price on shares of Bicara Therapeutics in a research note on Wednesday, February 12th. RODMAN&RENSHAW raised Bicara Therapeutics to a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, Rodman & Renshaw assumed coverage on Bicara Therapeutics in a research note on Tuesday, November 5th. They issued a "buy" rating and a $48.00 target price for the company. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $41.20.

Read Our Latest Research Report on Bicara Therapeutics

Bicara Therapeutics Stock Down 5.9 %

The stock's 50-day moving average is $14.40.

Institutional Trading of Bicara Therapeutics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Turn Management LLC bought a new stake in Bicara Therapeutics in the third quarter valued at approximately $14,324,000. Geode Capital Management LLC bought a new stake in Bicara Therapeutics in the third quarter valued at approximately $1,239,000. Vestal Point Capital LP bought a new stake in Bicara Therapeutics in the third quarter valued at approximately $10,825,000. FMR LLC bought a new position in shares of Bicara Therapeutics during the third quarter valued at approximately $57,913,000. Finally, Braidwell LP bought a new position in shares of Bicara Therapeutics during the third quarter valued at approximately $42,219,000.

About Bicara Therapeutics

(Get Free Report)

Bicara Therapeutics Inc, a clinical-stage biopharmaceutical company, develops bifunctional therapies for solid tumors. Its lead program is ficerafusp alfa, a bifunctional antibody that combines an epidermal growth factor receptor (EGFR) directed monoclonal antibody with a domain that binds to human transforming growth factor beta (TGF-b) for the treatment of solid tumors.

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