Bioventus Inc. (NASDAQ:BVS)’s traded shares stood at 1.08 million during the last session. At the close of trading, the stock’s price was $1.63, to imply an increase of 8.67% or $0.13 in intraday trading. The BVS share’s 52-week high remains $14.68, putting it -800.61% down since that peak but still an impressive 12.88% since price per share fell to its 52-week low of $1.42. The company has a valuation of $149.01M, with an average of 0.86 million shares in intraday trading volume over the past 10 days and average of 1.31 million shares over the past 3 months.
Bioventus Inc. (NASDAQ:BVS) trade information
After registering a 8.67% upside in the last session, Bioventus Inc. (BVS) has traded red over the past five days. The stock hit a weekly high of 2.2850 this Wednesday, 03/15/23, jumping 8.67% in its intraday price action. The 5-day price performance for the stock is -26.24%, and -1.81% over 30 days. With these gigs, the year-to-date price performance is -37.55%. Short interest in Bioventus Inc. (NASDAQ:BVS) saw shorts transact 1.21 million shares and set a 5.01 days time to cover.
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Bioventus Inc. (BVS) estimates and forecasts
Looking at statistics comparing Bioventus Inc. share performance against respective industry, we note that the company has underperformed competitors. Bioventus Inc. (BVS) shares are -80.12% down over the last 6 months, with its year-to-date growth rate lower than industry average at -68.00% against 11.00%. Revenue is forecast to shrink -80.80% this quarter before falling -200.00% for the next one. The rating firms project that company’s revenue will grow 20.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $132.7 million. Meanwhile, for the quarter ending Mar 2023, a total of 2 analyst(s) estimate revenue growth to $121.77 million.Earnings reports from the last fiscal year show that sales brought in $130.41 million and $117.29 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.80% before jumping 3.80% in the following quarter.
Bioventus Inc. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Bioventus Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Bioventus Inc. (NASDAQ:BVS)’s Major holders
Bioventus Inc. insiders hold 15.64% of total outstanding shares, with institutional holders owning 68.80% of the shares at 81.56% float percentage. In total, 68.80% institutions holds shares in the company, led by Essex Woodlands Management Inc. As of Sep 29, 2022, the company held over 12.1 million shares (or 19.62% of shares), all amounting to roughly $84.68 million.
The next major institution holding the largest number of shares is Juniper Investment Company, LLC with 3.38 million shares, or about 5.48% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $23.65 million.
We also have iShares Russell 2000 ETF and Royce Opportunity Fund as the top two Mutual Funds with the largest holdings of the Bioventus Inc. (BVS) shares. Going by data provided on Dec 30, 2022, iShares Russell 2000 ETF holds roughly 0.69 million shares. This is just over 1.12% of the total shares, with a market valuation of $1.8 million. Data from the same date shows that the other fund manager holds a little less at 0.67 million, or 1.09% of the shares, all valued at about 4.71 million.