DailyTickers

BHVN — Biohaven Ltd.

NYSE · Healthcare · August 28, 2026
$16.17 +0.31% Speculative; first target does not pay enough Biotechnology Score 38 D+
$2.44B
Market Cap
5.4M
Volume
N/A
Fwd P/E
3.162
Beta
N/A
52W Range
15.1%
Short Interest
$21.73
Analyst Target
N/A
EV/EBITDA
BHVN Chart
Click to enlarge

Verdict Express

D+ Neutral Moderate confidence

Biohaven Ltd., a biopharmaceutical company, focuses on the discovery, development, and commercialization of treatments for immunology, neuroscience, and oncology therapeutic areas worldwide. It develops BHV-1300, which is in Phase 2 clinical trial to treat Graves' disease and rheumatoid arthritis; BHV-1400 that is in Phase 2 clinical trial for treating IgA nephropathy; BHV-1600, which is in Phase 1 clinical trial for the treatment of peripartum cardiomyopathy; BHV-8000 that is in Phase 3 clinical trial for treating Parkinson's disease; Opakalim, which is in Phase 3 clinical trial for the treatment of focal epilepsy; BHV-2100 that is in Phase 2 clinical trial for the treatment of pain disorders; and BHV-2000, which is in Phase 2 clinical trial for treating obesity. Speculative; first target does not pay enough. Speculative watch only. Confirmation remains mandatory: 15-minute reversal around $14.20-$14.50.

Why Buy

  • Revenue growth: 0.0%; earnings growth: 0.0%
  • Cash $267.9M versus debt $297.0M
  • Defined confirmation: 15-minute reversal around $14.20-$14.50

Why Avoid

  • Speculative watch only. Confirmation remains mandatory: 15-minute reversal around $14.20-$14.50.
  • First-target reward/risk at confirmation: 1.18R
  • The SK consideration is conditional and cannot be included in current liquidity before closing.

Business Overview

Biohaven Ltd., a biopharmaceutical company, focuses on the discovery, development, and commercialization of treatments for immunology, neuroscience, and oncology therapeutic areas worldwide. It develops BHV-1300, which is in Phase 2 clinical trial to treat Graves' disease and rheumatoid arthritis; BHV-1400 that is in Phase 2 clinical trial for treating IgA nephropathy; BHV-1600, which is in Phase 1 clinical trial for the treatment of peripartum cardiomyopathy; BHV-8000 that is in Phase 3 clinical trial for treating Parkinson's disease; Opakalim, which is in Phase 3 clinical trial for the treatment of focal epilepsy; BHV-2100 that is in Phase 2 clinical trial for the treatment of pain disorders; and BHV-2000, which is in Phase 2 clinical trial for treating obesity. The company is also developing BHV-1510 that is in Phase 2 clinical trial for the treatment of advanced or metastatic epithelial tumors; and BHV-1530, which is in Phase 2 clinical trial for treating urothelial cancer and other tumors. In addition, its preclinical product pipeline includes BHV-1310 for treating myasthenia gravis; BHV-1320 for treating immune mediated-diseases; BHV-1450 for treating Pemphigus, MuSK MG, and LGI-1 Encephalitis; BHV-1420 for treating membranous nephropathy; BHV-1440 for treating Graves' disease and TED; BHV-6500 for treating type 1 diabetes; BHV-1490 for treating IgM neuropathy and Waldenstrom's; BHV-8100 for treating neurodegenerative diseases; and BHV-1955 for treating tinnitus. The company was formerly known as Biohaven Research Ltd. and changed its name to Biohaven Ltd. in September 2022. Biohaven Ltd. was incorporated in 2022 and is headquartered in New Haven, Connecticut.

Recent News

2026-08-28
Why Biohaven Stock Was Rocking the Market This Week neutral
Context only; no trade conclusion is drawn from this headline.
Motley Fool
2026-08-27
SK inks $795m Biohaven epilepsy deal, entering potassium channel opener race neutral
Context only; no trade conclusion is drawn from this headline.
Pharmaceutical Technology
2026-08-27
BHVN Stock Soars 18% on $795M Out-Licensing Deal for Epilepsy Program neutral
Context only; no trade conclusion is drawn from this headline.
Zacks
2026-08-26
Update: Biohaven Shares Rise After Epilepsy Drug Licensing Deal neutral
Context only; no trade conclusion is drawn from this headline.
MT Newswires
2026-08-26
BHVN Stock On Track For Best Day In Over 2 Months After SK Biopharmaceuticals Licenses Epilepsy Drug: Retail Now Awaits Obesity Trial Readout neutral
Context only; no trade conclusion is drawn from this headline.
Stocktwits
2026-08-26
Biohaven shares climb 7% after signing major SK Biopharmaceuticals licensing deal neutral
Context only; no trade conclusion is drawn from this headline.
InvestorsHub

Fundamentals

MetricValueSignal
Revenue (TTM)$00.0% YoY
EBITDAN/ANot meaningful / unavailable
Gross Margin0.0%Reported
Operating MarginN/ANot meaningful without revenue
Net MarginN/ANot meaningful without revenue
ROE-799.5%Capital efficiency
Cash$267.9MLiquidity
Debt$297.0MBalance-sheet claim
Forward P/EN/ANo estimate substituted
Intrinsic-value modelN/AFail-closed: insufficient inputs
Value / quality panel0 positive / 5 negative / 0 neutralbearish / confidence 66
Analyst Mean Target$21.73Consensus, not a guarantee

Earnings History

QuarterEPS ActualEPS Est.SurpriseRevenue
2Q2025$-1.63$-1.57-4.0%-
3Q2025$-1.64$-1.9314.9%-
4Q2025$-0.90$-0.965.8%-
2Q2026$-0.78$-0.61-27.6%-

2/4 captured quarters beat estimates — Next: 2026-11-09T20:00:00Z

Insiders & Institutions

11.2%
Insider Own.
96.6%
Institution Own.

No structured transaction table was captured; aggregate counts are not used.

Capital Structure & Dilution

151.0M
Shares Out.
See filing review
Authorized
high
Dilution Risk

Active ATM Program

Authorized: Program disclosed in the 424B5 | Used: $178.9M net in the first half | Remaining: $350M

The ATM issued 17.16M shares for $178.9M net in the first half and still had $350M available. Liquidity was $267.9M versus $235.0M of first-half operating cash burn.

SEC Filings Review

Official filings were reviewed through 2026-08-28; the table lists the decision-relevant documents rather than every routine filing. The D+ grade describes the full dossier; the trade state (speculative) is a separate timing decision.

DateFormAccessionWhat the filing changes
2026-08-1010-Q0001935979-26-000066Quantifies burn, ATM issuance and the $250M secured debt.
2026-08-268-K0001935979-26-000072Describes the conditional SK transaction; proceeds are not cash until closing.
2026-05-04424B50001628280-26-029924Documents the active ATM capacity.

Contrarian checks

Short Interest

15.1%
SI % Float
9.27
Days to Cover
N/A
CTB

Current snapshot only; no acceleration claim without a comparable historical series.

Options / Derivatives

5,559
Call OI
1,712
Put OI
3.25
C/P Ratio
$14.00
Max Pain
N/A
IV Mean

Unusual Activity: No unusual activity confirmed

Technical Analysis

RSI (14)60.6
EMA 20$14.59
EMA 50$14.03
EMA 200$12.87
MACD0.274
Signal0.057
ATR (14)$1.16
WyckoffTransitional
RSI 60.6 SPECULATIVE Speculative; first target does not pay enough
Supports: $12.81 / $13.40 / $13.04
Resistances: $17.27 / $18.18 / $18.57

Technical Setup

Speculative; first target does not pay enough. Required confirmation: 15-minute reversal around $14.20-$14.50. Available moving averages are shown with their provider type.

Performance & Benchmarks

42.8%
YTD
3.3%
1Y
N/A — insufficient point-in-time history
3Y
Not calculated without aligned benchmark bars.
Alpha

Macro Context

IndicatorValueSignal
Market regimeRisk-on 0.79Trend support, not a timing trigger
VIX14.51Low current protection price

Regime: risk-on

The broad regime supports long setups, but rates and ticker-specific confirmation override the label.

Risk Analysis

Risk Profile: High

Dilution: high; beta: 3.16; insider signal: unavailable.

Trade Structure

High
  • First-target reward/risk at confirmation: 1.18R
  • Speculative watch only. Confirmation remains mandatory: 15-minute reversal around $14.20-$14.50.
Probability
Impact
15-minute reversal around $14.20-$14.50

Capital and Dilution

High
  • The ATM issued 17.16M shares for $178.9M net in the first half and still had $350M available. Liquidity was $267.9M versus $235.0M of first-half operating cash burn.
  • The SK consideration is conditional and cannot be included in current liquidity before closing.
  • RISE 3 and taldefgrobep readouts are binary; secured debt includes royalty claims and potentially costly repayment premiums.
Probability
Impact
SEC review: high dilution risk. Filings and accessions are listed below.

Positioning

Low
  • 0 insider buys vs 0 sells
  • Short interest: 15.1%
Probability
Impact
Positioning is context, not a standalone trigger.

Risk Synthesis

A precise stop does not make a setup valid. Entry location, normal volatility, event risk and reachable resistance decide whether the risk is paid.

Social Radar

Stocktwits
30
neutral
3443 watchers; not used as a trigger.
Aggregate sentiment
2
positive
Confidence 13.9%.

Pump & Dump Score: 3/6

Suspect
No recent halt flag
Short interest below 20%
SEC-reviewed dilution risk is high

Capital Flow

N/A
Net Flow
N/A
Institutional
N/A
Retail
N/A
Dark Pool %

No directional flow claim is made when detailed, aligned flow data is unavailable.

Trade Idea

SPECULATIVE — Speculative watch only. Confirmation remains mandatory: 15-minute reversal around $14.20-$14.50.
Entry Zone
$14.34
Original zone $14.34-$14.34. 15-minute reversal around $14.20-$14.50. At the conservative $14.50 confirmation price, TP1 pays 1.18R.
Stop Loss
$12.60
-12.13% risk
Target 1
$16.74
16.70% upside
Target 2
$17.28
Stretch target; use the stated TP2 reward/risk below.
Risk/Reward
Confirmation TP1 1:1.18; original plan 1:1.38 / TP2 1:1.69
10 trading sessions

Thesis

Speculative; first target does not pay enough. Monitor 15-minute reversal around $14.20-$14.50; no market order and no chase outside the zone.

Catalysts

  • Motley Fool — The past few business days have been eventful for Biohaven (NYSE: BHVN). The company, which, in its present incarnation, is a clinical-stage biotech, agreed to an impressive licensing and collaboratio...
  • Pharmaceutical Technology — Biohaven and SK Pharmaceuticals have struck a licensing and partnership deal which will see the pair join forces to progress an epilepsy therapy that – if approved – could become one of the first ...
  • Crowded-positioning pressure is flagged, but it is not an entry trigger.

Invalidation

  • Below $12.60
  • Speculative watch only. Confirmation remains mandatory: 15-minute reversal around $14.20-$14.50.
  • Any earnings, clinical, regulatory or financing event before entry requires a fresh review.

Global Score

D+ Healthcare Neutral

Key Takeaways — Positive

  • Defined trigger: 15-minute reversal around $14.20-$14.50
  • Dilution assessment after filing review: high
  • Revenue growth: 0.0%

Key Takeaways — Risks

  • Speculative watch only. Confirmation remains mandatory: 15-minute reversal around $14.20-$14.50.
  • First-target R/R at confirmation: 1.18R
  • The SK consideration is conditional and cannot be included in current liquidity before closing.
  • RISE 3 and taldefgrobep readouts are binary; secured debt includes royalty claims and potentially costly repayment premiums.

Mindset Tip

Wait for confirmation and preserve the invalidation.

Disclaimer

This analysis is provided for informational and educational purposes only. It does not constitute financial advice, investment recommendation, or solicitation to buy or sell any security.

Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Always conduct your own research and consult a licensed financial advisor before making investment decisions.

Data comes from point-in-time market snapshots, company filings, Yahoo Finance, SEC EDGAR, and public market data. Accuracy is not guaranteed.

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