Biomea Fusion (BMEA) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2017 and is headquartered in Redwood City, California.

Key Stats

• Today's Range: $3.96 to $4.28
• 50-Day Range: $3.88 to $12.41
• 52-Week Range: $3.61 to $20.21
• Volume: 858,515 shs
• Average Volume: 1.01 million shs
• Market Capitalization: $153.29 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $39.36
• Consensus Rating: Buy

Biomea Fusion Stock Analysis - MarketRank™

Biomea Fusion scored higher than 78% of companies evaluated by MarketBeat, and ranked 225th out of 944 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

Biomea Fusion has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Biomea Fusion has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Biomea Fusion are expected to grow in the coming year, from ($3.93) to ($3.84) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Biomea Fusion is -1.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Biomea Fusion is -1.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Biomea Fusion has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

31.36% of the float of Biomea Fusion has been sold short.

Short Interest Ratio / Days to Cover

Biomea Fusion has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Biomea Fusion has recently increased by 5.42%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Biomea Fusion does not currently pay a dividend.

Dividend Growth

Biomea Fusion does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

31.36% of the float of Biomea Fusion has been sold short.

Short Interest Ratio / Days to Cover

Biomea Fusion has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Biomea Fusion has recently increased by 5.42%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.45

News Sentiment

Biomea Fusion has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Biomea Fusion this week, compared to 4 articles on an average week.

Search Interest

9 people have searched for BMEA on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.

MarketBeat Follows

15 people have added Biomea Fusion to their MarketBeat watchlist in the last 30 days. This is an increase of 7% compared to the previous 30 days.

Company Ownership

• Score: 5.0 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Biomea Fusion insiders have bought more of their company's stock than they have sold. Specifically, they have bought $100,600.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

27.57% of the stock of Biomea Fusion is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

96.72% of the stock of Biomea Fusion is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BMEA Stock Analysis - Frequently Asked Questions

How have BMEA shares performed this year?

Biomea Fusion's stock was trading at $14.52 at the beginning of 2024. Since then, BMEA shares have decreased by 70.9% and is now trading at $4.23.
View the best growth stocks for 2024 here.

How were Biomea Fusion's earnings last quarter?

Biomea Fusion, Inc. (NASDAQ:BMEA) released its earnings results on Tuesday, October, 29th. The company reported ($0.91) earnings per share for the quarter, beating analysts' consensus estimates of ($0.94) by $0.03.

When did Biomea Fusion IPO?

Biomea Fusion (BMEA) raised $120 million in an initial public offering on Friday, April 16th 2021. The company issued 7,500,000 shares at $15.00-$17.00 per share. J.P. Morgan, Jefferies and Piper Sandler served as the underwriters for the IPO.

Who are Biomea Fusion's major shareholders?

Biomea Fusion's top institutional investors include FMR LLC (14.99%), State Street Corp (1.77%), Geode Capital Management LLC (1.66%) and Charles Schwab Investment Management Inc. (0.58%). Insiders that own company stock include Bihua Chen, A2a Pharmaceuticals, Inc, Michael JM Hitchcock and Franco Valle.
View institutional ownership trends.

How do I buy shares of Biomea Fusion?

Shares of BMEA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Biomea Fusion own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Biomea Fusion investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Arista Networks (ANET), Adobe (ADBE) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 10/29/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:BMEA
• CUSIP: N/A
• CIK: 1840439
• Web: www.biomeafusion.com
• Phone: 650-980-9099
• Fax: N/A
• Employees: 50
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $39.36
• High Stock Price Target: $128.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +830.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($4.01)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-117,250,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -118.90%
• Return on Assets: -93.66%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.39
• Quick Ratio: 3.39

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.74 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 36,239,000
• Free Float: 26,248,000
• Market Cap: $153.29 million
• Optionable: Optionable
• Beta: -0.53