PHGE Stock Summary and Trading Ideas (Biomx | AMEX:PHGE)

BiomX Inc is a clinical-stage microbiome company based in Israel. The company is engaged in developing both natural and engineered phage cocktails designed to target and destroy harmful bacteria that affect the appearance of the skin, as well as harmful bacteria in chronic diseases, such as inflammatory bowel disease, colorectal cancer, and primary sclerosing cholangitis. BX004 is its therapeutic phage product candidate under development for chronic pulmonary infections caused by Pseudomonas aeruginosa, or P. aeruginosa, a main contributor to morbidity and mortality in patients with CF.

Biomx trades on the AMEX stock market under the symbol PHGE.

As of April 23, 2024, PHGE stock price climbed to $0.35 with 197,904 million shares trading.

PHGE has a beta of 1.57, meaning it tends to be more sensitive to market movements. PHGE has a correlation of 0.02 to the broad based SPY ETF.

PHGE has a market cap of $15.96 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, PHGE stock traded as high as $7.00 and as low as $.13.

PHGE has underperformed the market in the last year with a price return of +21.3% while the SPY ETF gained +24.3%. However, in the short term, PHGE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +54.1% vs +4.9% return in SPY. But in the last 2 weeks, PHGE shares have been beat by the market, returning -3.2% compared to an SPY return of -2.5%.

PHGE support price is $.27 and resistance is $.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PHGE stock will trade within this expected range on the day.