During the recent session, BIOLASE Inc. (NASDAQ:BIOL)’s traded shares were 0.96 million, with the beta value of the company hitting 1.46. At the last check today, the stock’s price was $0.62, reflecting an intraday gain of 2.61% or $0.02. The 52-week high for the BIOL share is $1.51, that puts it down -143.55 from that peak though still a striking 59.68% gain since the share price plummeted to a 52-week low of $0.25. The company’s market capitalization is $91.75M, and the average intraday trading volume over the past 10 days was 1.29 million shares, and the average trade volume was 3.04 million shares over the past three months.
BIOLASE Inc. (BIOL) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. BIOL has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.04.
BIOLASE Inc. (NASDAQ:BIOL) trade information
BIOLASE Inc. (BIOL) registered a 2.61% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.61% in intraday trading to $0.62 this Wednesday, 07/21/21, hitting a weekly high. The stock’s 5-day price performance is 0.08%, and it has moved by -15.22% in 30 days. Based on these gigs, the overall price performance for the year is 33.47%. The short interest in BIOLASE Inc. (NASDAQ:BIOL) is 5.25 million shares and it means that shorts have 1.42 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.00, which implies an increase of 69.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.00 and $2.00 respectively. As a result, BIOL is trading at a discount of -222.58% off the target high and -222.58% off the low.
BIOLASE Inc. (BIOL) estimates and forecasts
Statistics show that BIOLASE Inc. has outperformed its competitors in share price, compared to the industry in which it operates. BIOLASE Inc. (BIOL) shares have gone down -37.64% during the last six months, with a year-to-date growth rate more than the industry average at 75.00% against 23.90. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 66.70% this quarter and then jump 85.70% in the quarter after that. In the rating firms’ projections, revenue will increase 57.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $8.31 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $8.88 million by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $2.94 million and $6.5 million respectively. In this case, analysts expect current quarter sales to grow by 182.80% and then jump by 36.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 20.30%. While earnings are projected to return 27.30% in 2021, the next five years will return 20.00% per annum.
BIOLASE Inc. is due to release its next quarterly earnings on March 25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
BIOLASE Inc. (NASDAQ:BIOL)’s Major holders
BIOLASE Inc. insiders own 5.39% of total outstanding shares while institutional holders control 18.08%, with the float percentage being 19.11%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 45 institutions own stock in it. As of Mar 30, 2021, the company held over 7.34 million shares (or 4.88% of all shares), a total value of $6.18 million in shares.
The next largest institutional holding, with 3.58 million shares, is of Blackrock Inc.’s that is approximately 2.38% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $3.02 million.
Also, the Mutual Funds coming in first place with the largest holdings of BIOLASE Inc. (BIOL) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Mar 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 4.39 million shares. This amounts to just over 2.92 percent of the company’s overall shares, with a $3.7 million market value. The same data shows that the other fund manager holds slightly less at 2.76 million, or about 1.83% of the stock, which is worth about $2.32 million.