In recent trading session, Bridgeline Digital Inc (NASDAQ:BLIN) saw 0.85 million shares changing hands at last check today with its beta currently measuring 2.10. Company’s recent per share price level of $1.13 trading at $0.06 or 5.60% at last check today assigns it a market valuation of $11.77M. That most recent trading price of BLIN’s stock is at a discount of -26.55% from its 52-week high price of $1.43 and is indicating a premium of 38.05% from its 52-week low price of $0.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 42770.0 shares which gives us an average trading volume of 41.12K if we extend that period to 3-months.
Bridgeline Digital Inc (NASDAQ:BLIN) trade information
Upright in the green today for gaining 5.60%, in the last five days BLIN remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $1.13 price level, adding 5.04% to its value on the day. Bridgeline Digital Inc’s shares saw a change of 29.87% in year-to-date performance and have moved 10.77% in past 5-day. Bridgeline Digital Inc (NASDAQ:BLIN) showed a performance of 26.10% in past 30-days. Number of shares sold short was 32940.0 shares which calculate 0.81 days to cover the short interests.
Bridgeline Digital Inc (BLIN) estimates and forecasts
Statistics highlight that Bridgeline Digital Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 29.87% of value to its shares in past 6 months, showing an annual growth rate of 78.02% while that of industry is 25.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 60.00% in the current quarter and calculating 100.00% increase in the next quarter. This year revenue growth is estimated to rise 11.20% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.22 million for the same. And 3 analysts are in estimates of company making revenue of $4.59 million in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 60.05% during past 5 years.
BLIN Dividends
Bridgeline Digital Inc is more likely to be releasing its next quarterly report between May 13 and May 17 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Bridgeline Digital Inc (NASDAQ:BLIN)’s Major holders
Insiders are in possession of 16.79% of company’s total shares while institution are holding 7.87 percent of that, with stock having share float percentage of 9.46%. Investors also watch the number of corporate investors in a company very closely, which is 7.87% institutions for Bridgeline Digital Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at BLIN for having 0.53 million shares of worth $0.6 million. And as of Dec 30, 2023, it was holding 5.09% of the company’s outstanding shares.
The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 84329.0 shares on Dec 30, 2023. The number of shares represents firm’s hold over 0.81% of outstanding shares, having a total worth of $94870.0.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 0.42 million shares of worth $0.48 million or 4.06% of the total outstanding shares. The later fund manager was in possession of 0.11 million shares on Dec 30, 2023, making its stake of worth around $0.12 million in the company or a holder of 1.06% of company’s stock.
