Bicycle Therapeutics (NASDAQ:BCYC – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.74) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.04, Briefing.com reports. Bicycle Therapeutics had a negative return on equity of 32.80% and a negative net margin of 417.88%. The company had revenue of $2.68 million for the quarter, compared to analyst estimates of $6.82 million. During the same quarter in the prior year, the firm posted ($1.26) EPS. Bicycle Therapeutics’s quarterly revenue was down 50.0% compared to the same quarter last year.
Bicycle Therapeutics Stock Performance
Shares of Bicycle Therapeutics stock opened at $22.71 on Friday. The company has a current ratio of 14.77, a quick ratio of 14.77 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $24.19 and its 200-day moving average price is $23.12. The firm has a market cap of $1.08 billion, a P/E ratio of -6.90 and a beta of 0.89. Bicycle Therapeutics has a 12 month low of $12.54 and a 12 month high of $28.67.
Insider Buying and Selling
In other news, CEO Kevin Lee sold 3,212 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $22.26, for a total transaction of $71,499.12. Following the transaction, the chief executive officer now directly owns 380,864 shares in the company, valued at approximately $8,478,032.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 4,584 shares of company stock valued at $102,040 over the last three months. 8.50% of the stock is owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on BCYC
Bicycle Therapeutics Company Profile
Bicycle Therapeutics plc, a clinical-stage biopharmaceutical company, develops a class of medicines for diseases that are underserved by existing therapeutics in the United States and the United Kingdom. Its product pipeline comprising BT8009, a bicycle toxin conjugate (BTC) which is in phase I/II/III clinical trial for the treatment of high nectin-4 expressing tumors; BT5528, a BTC which is in phase I/II clinical trial for the treatment of Ephrin type A receptor 2 expressing tumor; BT7480, a Bicycle TICA molecule which is in phase I/II targeting Nectin-4 and agonizing CD137; and BT7455, a Bicycle TICA molecule targeting Ephrin type A receptor 2 and CD137 and is in preclinical trial.
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