Why To Invest In BioAffinity Technologies Inc (NASDAQ: BIAF) Stock?

In the last trading session, 7.9 million BioAffinity Technologies Inc (NASDAQ:BIAF) shares changed hands as the company’s beta touched 2.67. With the company’s per share price at $0.3 changed hands at -$0.06 or -17.75% during last session, the market valuation stood at $8.42M. BIAF’s last price was a discount, traded about -896.67% off its 52-week high of $2.99. The share price had its 52-week low at $0.16, which suggests the last value was 46.67% up since then. When we look at BioAffinity Technologies Inc’s average trading volume, we note the 10-day average is 21.32 million shares, with the 3-month average coming to 15.61 million.

BioAffinity Technologies Inc (NASDAQ:BIAF) trade information

Instantly BIAF was in red as seen at the end of in last trading. With action 25.21%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -84.58%, with the 5-day performance at 25.21% in the green. However, in the 30-day time frame, BioAffinity Technologies Inc (NASDAQ:BIAF) is -26.00% down. Looking at the short shares, we see there were 0.77 million shares sold at short interest cover period of 0.1 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -10.71%. The 2025 estimates are for BioAffinity Technologies Inc earnings to increase by 46.67%.

BIAF Dividends

BioAffinity Technologies Inc is expected to release its next quarterly earnings report on 2025-May-15.

BioAffinity Technologies Inc (NASDAQ:BIAF)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 24.52% of BioAffinity Technologies Inc shares while 1.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.38%. There are 1.80% institutions holding the BioAffinity Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 1.5101% of the shares, roughly 0.17 million BIAF shares worth $0.37 million.

GEODE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.6111% or 69600.0 shares worth $0.15 million as of 2024-06-30.

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