According to Zacks, “BioXcel Therapeutics Inc. is a clinical stage biopharmaceutical company. It focuses on drug development which utilizes novel artificial intelligence to identify the next wave of medicines across neuroscience and immuno-oncology. The company’s product portfolio include BXCL501, a sublingual thin film formulation of dexmedetomidine designed for acute treatment of agitation resulting from neurological and psychiatric disorders, and BXCL701, an immuno-oncology agent designed for treatment of a rare form of prostate cancer and for treatment of pancreatic cancer. BioXcel Therapeutics Inc. is based in the United States. “
Other equities analysts have also issued research reports about the stock. HC Wainwright set a $25.00 price target on shares of BioXcel Therapeutics and gave the stock a buy rating in a report on Wednesday, June 5th. ValuEngine upgraded shares of BioXcel Therapeutics from a hold rating to a buy rating in a report on Thursday, August 8th.
BioXcel Therapeutics (NASDAQ:BTAI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.02). Sell-side analysts anticipate that BioXcel Therapeutics will post -2.22 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in BTAI. Northern Trust Corp lifted its holdings in BioXcel Therapeutics by 247.7% in the second quarter. Northern Trust Corp now owns 43,822 shares of the company’s stock valued at $481,000 after buying an additional 31,218 shares during the period. Creative Planning acquired a new position in BioXcel Therapeutics in the first quarter valued at $302,000. Renaissance Technologies LLC lifted its holdings in BioXcel Therapeutics by 59.8% in the second quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock valued at $785,000 after buying an additional 26,800 shares during the period. Bank of New York Mellon Corp acquired a new position in BioXcel Therapeutics in the second quarter valued at $198,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in BioXcel Therapeutics in the second quarter valued at $138,000. Institutional investors and hedge funds own 16.03% of the company’s stock.
BioXcel Therapeutics Company Profile
BioXcel Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on novel artificial intelligence-based drug development in the fields of neuroscience and immuno-oncology in the United States. The company is involved in developing BXCL501, a sublingual thin film formulation of dexmedetomidine designed for acute treatment of agitation resulting from neurological and psychiatric disorders; and BXCL701, an immuno-oncology agent designed for the treatment of prostate and pancreatic cancers.
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