Belite Bio (BLTE)

• Market cap: $2.18B
• 1 day: 2.48%
• 5 days: 15.68%
• 1 month: 20.20%
• 3 months: 6.95%
• 6 months: 40.91%
• Year to date: 5.95%
• 1 year: 53.83%
• 5 years: 547.88%
• 10 years: 547.88%
• Sector: Healthcare
• Industry: Pharmaceutical Preparations

About: Belite Bio Inc is a clinical-stage biopharmaceutical drug development company focused on novel therapeutics targeting untreatable eye diseases involving retinal degeneration such as atrophic age-related macular degeneration and autosomal recessive Stargardt disease or STGD1, both of which progressively lead to permanent blindness, and metabolic diseases such as non-alcoholic fatty liver disease, or NAFLD, nonalcoholic steatohepatitis, or NASH, type 2 diabetes, or T2D, and gout.

Employees: 20

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

347% more capital invested

Capital invested by funds: $3.99M [Q3] → $17.8M (+$13.8M) [Q4]

47% more funds holding

Funds holding: 15 [Q3] → 22 (+7) [Q4]

20% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 5

0.64% more ownership

Funds ownership: 0.28% [Q3] → 0.92% (+0.64%) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $79 15% upside
• Avg. target: $79 15% upside
• High target: $79 15% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Benchmark Bruce Jackson 35% 1-year accuracy 19 / 55 met price target

15% upside $79

Buy Maintained

21 Jan 2025