In last trading session, Biolife Solutions Inc (NASDAQ:BLFS) saw 0.36 million shares changing hands with its beta currently measuring 1.88. Company’s recent per share price level of $23.79 trading at -$0.94 or -3.80% at ring of the bell on the day assigns it a market valuation of $1.10B. That closing price of BLFS’s stock is at a discount of -12.36% from its 52-week high price of $26.73 and is indicating a premium of 62.51% from its 52-week low price of $8.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.27 million shares which gives us an average trading volume of 342.46K if we extend that period to 3-months.
For Biolife Solutions Inc (BLFS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.08 in the current quarter.
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Biolife Solutions Inc (NASDAQ:BLFS) trade information
Upright in the red during last session for losing -3.80%, in the last five days BLFS remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $23.79 price level, adding 9.65% to its value on the day. Biolife Solutions Inc’s shares saw a change of 46.40% in year-to-date performance and have moved -8.22% in past 5-day. Biolife Solutions Inc (NASDAQ:BLFS) showed a performance of 7.89% in past 30-days. Number of shares sold short was 3.92 million shares which calculate 10.54 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 26 to the stock, which implies a rise of 8.5% to its current value. Analysts have been projecting 22 as a low price target for the stock while placing it at a high target of 30. It follows that stock’s current price would jump 7.52% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.52% for stock’s current value.
Biolife Solutions Inc (BLFS) estimates and forecasts
Statistics highlight that Biolife Solutions Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 37.83% of value to its shares in past 6 months, showing an annual growth rate of 75.66% while that of industry is 15.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -22.90% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 25.59M for the same. And 8 analysts are in estimates of company making revenue of 26M in the next quarter. Company posted 33.33M and 32.73M of sales in current and next quarters respectively a year earlier.
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 0.51% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 67.76% while estimates for its earnings growth in next 5 years are of 10.00%.
Biolife Solutions Inc (NASDAQ:BLFS)’s Major holders
Insiders are in possession of 2.93% of company’s total shares while institution are holding 102.70 percent of that, with stock having share float percentage of 105.80%. Investors also watch the number of corporate investors in a company very closely, which is 102.70% institutions for Biolife Solutions Inc that are currently holding shares of the company. CASDIN CAPITAL, LLC is the top institutional holder at BLFS for having 8.71 million shares of worth $186.59 million. And as of 2024-06-30, it was holding 19.1651 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 5.49 million shares on 2024-06-30. The number of shares represents firm’s hold over 12.0797 of outstanding shares, having a total worth of $117.61 million.
