Biomea Fusion (NASDAQ:BMEA - Get Free Report) released its earnings results on Monday. The company reported ($0.81) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.00) by $0.19, Zacks reports.
Biomea Fusion Price Performance
BMEA stock traded up $0.17 during midday trading on Friday, hitting $2.12. The stock had a trading volume of 735,838 shares, compared to its average volume of 911,745. Biomea Fusion has a 52-week low of $1.86 and a 52-week high of $13.66. The firm has a market cap of $79.65 million, a price-to-earnings ratio of -0.53 and a beta of -0.07. The business has a 50-day moving average of $3.10 and a two-hundred day moving average of $5.82.
Analysts Set New Price Targets
A number of research firms recently weighed in on BMEA. D. Boral Capital reaffirmed a "buy" rating and issued a $16.00 target price on shares of Biomea Fusion in a research report on Wednesday, March 19th. Barclays reduced their price objective on Biomea Fusion from $11.00 to $3.00 and set an "equal weight" rating for the company in a report on Wednesday. Oppenheimer set a $10.00 price objective on shares of Biomea Fusion in a report on Monday, March 24th. Finally, HC Wainwright reissued a "buy" rating and set a $40.00 target price on shares of Biomea Fusion in a report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $23.91.
Check Out Our Latest Research Report on BMEA
Biomea Fusion Company Profile
(
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Biomea Fusion, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of covalent small molecule drugs to treat patients with genetically defined cancers and metabolic diseases. Its lead product candidate is BMF-219, a covalent inhibitor of menin for treating patients with liquid and solid tumors and type 2 diabetes.
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