Babylon Holdings Limited (NYSE:BBLN) shares traded 20.24% higher at $10.81 on Wall Street last session.
BBLN stock price is now -2.89% away from the 50-day moving average and -57.67% away from the 200-day moving average. The market capitalization of the company currently stands at $223.01M.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
With the price target enhanced from $4 to $20, BTIG Research maintained Buy rating for Babylon Holdings Limited (NYSE: BBLN). On June 23, 2022, BofA Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $2, while ‘Berenberg’ rates the stock as ‘Hold’.
A total of 32.13% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BBLN stock. A new stake in Babylon Holdings Limited shares was purchased by ROKOS CAPITAL MANAGEMENT LLP during the first quarter worth $1,174,000. BNP PARIBAS ARBITRAGE, SNC invested $45,000 in shares of BBLN during the first quarter. In the first quarter, COWEN AND COMPANY, LLC acquired a new stake in Babylon Holdings Limited valued at approximately $28,000. SIGNATUREFD, LLC acquired a new stake in BBLN for approximately $6,000. LEGAL & GENERAL GROUP PLC purchased a new stake in BBLN valued at around $5,000 in the second quarter. In total, there are 84 active investors with 19.50% ownership of the company’s stock.
Babylon Holdings Limited (NYSE: BBLN) opened at $8.80 on Friday. During the past 12 months, Babylon Holdings Limited has had a low of $6.31 and a high of $179.00. The fifty day moving average price for BBLN is $11.11 and a two-hundred day moving average price translates $25.10 for the stock.
The latest earnings results from Babylon Holdings Limited (NYSE: BBLN) was released for Jun, 2022. According to the Health Information Services Company, earnings per share came in at -$0.24, missing analysts’ expectations of -$0.23 by -0.01. This compares to -$0.08 EPS in the same period last year. The company reported revenue of $288.9 million for the quarter, compared to $74.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 287.98 percent. For the current quarter, analysts expect BBLN to generate $271.64M in revenue.
Babylon Holdings Limited(BBLN) Company Profile
Babylon Holdings Limited operates as a digital healthcare company. It offers end-to-end care solution that facilities through its digital health suite, virtual care, in-person medical care, and post-care offerings. The company also provides Babylon Cloud services. It operates in the United Kingdom, the United States, the Asia Pacific, Canada, and internationally. The company was founded in 2013 and is headquartered in London, the United Kingdom.
