In the last trading session, 82391.0 shares of the Bridgeline Digital Inc (NASDAQ:BLIN) were traded, and its beta was 1.86. Most recently the company’s share price was $1.74, and it changed around $0.07 or 4.19% from the last close, which brings the market valuation of the company to $18.13M. BLIN currently trades at a discount to its 52-week high of $2.80, offering almost -60.92% off that amount. The share price’s 52-week low was $0.75, which indicates that the current value has risen by an impressive 56.9% since then. We note from Bridgeline Digital Inc’s average daily trading volume that its 10-day average is 0.43 million shares, with the 3-month average coming to 178.98K.
Bridgeline Digital Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended BLIN as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Bridgeline Digital Inc is expected to report earnings per share of 0.0 for the current quarter.
Bridgeline Digital Inc (NASDAQ:BLIN) trade information
Instantly BLIN has showed a green trend with a performance of 4.19% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.8900 on recent trading dayincreased the stock’s daily price by 7.94%. The company’s shares are currently up 10.13% year-to-date, but still down -5.95% over the last five days. On the other hand, Bridgeline Digital Inc (NASDAQ:BLIN) is 28.89% up in the 30-day period. We can see from the shorts that 27112.0 shares have been sold at a short interest cover period of 0.67 day(s).
Bridgeline Digital Inc (BLIN) estimates and forecasts
Bridgeline Digital Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 75.76 percent over the past six months and at a 21.05% annual growth rate that is well above the industry average of 19.80%. The year-over-year growth rate is expected to be 5.40%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 3.9M in revenue for the current quarter. 2 analysts expect Bridgeline Digital Inc to make 4.02M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.75M and 3.8M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.86%. Forecasts for the next quarter put sales growth at 5.68%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 52.95%.
BLIN Dividends
Bridgeline Digital Inc’s next quarterly earnings report is expected to be released in February.
Bridgeline Digital Inc (NASDAQ:BLIN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 19.49% of Bridgeline Digital Inc shares, and 3.78% of them are in the hands of institutional investors. The stock currently has a share float of 4.70%. Bridgeline Digital Inc stock is held by 12.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.5196% of the shares, which is about 0.37 million shares worth $0.34 million.
RENAISSANCE TECHNOLOGIES LLC, with 0.9477% or 98729.0 shares worth $90831.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 110.79 shares worth $0.19 million, making up 1.06% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 46.57 shares worth around $81037.0, which represents about 0.45% of the total shares outstanding.
