Bioventus Inc (NASDAQ:BVS) has a beta value of 0.88 and has seen 2.19 million shares traded in the last trading session. The company, currently valued at $928.31M, closed the last trade at $11.48 per share which meant it lost -$2.23 on the day or -16.27% during that session. The BVS stock price is -25.26% off its 52-week high price of $14.38 and 70.73% above the 52-week low of $3.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.32 million shares traded. The 3-month trading volume is 572.87K shares.
The consensus among analysts is that Bioventus Inc (BVS) is Hold stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.03.
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Bioventus Inc (NASDAQ:BVS) trade information
Sporting -16.27% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BVS stock price touched $11.48 or saw a rise of 20.17%. Year-to-date, Bioventus Inc shares have moved 117.84%, while the 5-day performance has seen it change -13.75%. Over the past 30 days, the shares of Bioventus Inc (NASDAQ:BVS) have changed 2.59%. Short interest in the company has seen 1.61 million shares shorted with days to cover at 3.22.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 4.33% from current levels. The projected low price target is $2.5 while the price target rests at a high of $12.0. In that case, then, we find that the current price level is -4.53% off the targeted high while a plunge would see the stock lose 78.22% from current levels.
Bioventus Inc (BVS) estimates and forecasts
Figures show that Bioventus Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 124.22% over the past 6 months, with this year growth rate of 1,900.00%, compared to 18.60% for the industry. Revenue growth from the last financial year stood is estimated to be 9.60%.
3 analysts offering their estimates for the company have set an average revenue estimate of 133.23M for the current quarter. 3 have an estimated revenue figure of 148.1M for the next ending quarter. Year-ago sales stood 119M and 135.42M respectively for this quarter and the next, and analysts expect sales will grow by 12.00% for the current quarter and 9.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -51.10% over the past 5 years.
BVS Dividends
Bioventus Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Bioventus Inc (NASDAQ:BVS)’s Major holders
Insiders own 11.51% of the company shares, while shares held by institutions stand at 67.36% with a share float percentage of 76.12%. Investors are also buoyed by the number of investors in a company, with Bioventus Inc having a total of 156.0 institutions that hold shares in the company. The top two institutional holders are ESSEX WOODLANDS MANAGEMENT, INC. with over 13.02 million shares worth more than $74.87 million. As of 2024-06-30, ESSEX WOODLANDS MANAGEMENT, INC. held 20.5448% of shares outstanding.
The other major institutional holder is JUNIPER INVESTMENT COMPANY, LLC, with the holding of over 6.83 million shares as of 2024-06-30. The firm’s total holdings are worth over $39.29 million and represent 10.7823% of shares outstanding.
