Is BOLT or BTAI more undervalued in 2026?

CirclFi compares Bolt Biotherapeutics, Inc. (BOLT) and BioXcel Therapeutics, Inc. (BTAI) using 13 institutional-grade valuation models. BOLT has a Quality of Company score of 5.9/10 while BTAI scores 4.4/10.

Which is a better buy — BOLT or BTAI?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do BOLT and BTAI valuations compare?

BOLT at $5.25 and BTAI at $1.17 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BOLT vs BTAI Valuation Comparison 2026 — Intrinsic Value Analysis

BOLT

Pharmaceutical Preparations

Bolt Biotherapeutics, Inc.

Quality

5.9

out of 10

Value Trap

LOW

Price

$5.25

Last close

Models

9/13

Active

BTAI

Pharmaceutical Preparations

BioXcel Therapeutics, Inc.

Quality

4.4

out of 10

Value Trap

SAFE

Price

$1.17

Last close

Models

4/13

Active

Model-by-Model Comparison

Model	Type	BOLT Fair Value	BOLT Upside	BTAI Fair Value	BTAI Upside
Bayesian DCF	Intrinsic	$0.54	-88.5%	—	—
EROIC Spread	Intrinsic	—	—	$1.49	+24.3%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$17.21	+227.8%	$0.05	-95.5%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$10.54	+100.8%	$3.95	+237.3%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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BOLT vs BTAI — Which Stock Is More Undervalued?

BOLT scores higher with a 5.9/10 quality rating vs BTAI's 4.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Bolt Biotherapeutics, Inc. (BOLT) and BioXcel Therapeutics, Inc. (BTAI) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

BOLT currently trades at $5.25 with a QOC of 5.9/10, while BTAI trades at $1.17 with a QOC of 4.4/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).