Should Biodesix Inc (NASDAQ: BDSX) Revive After A -628.57% Drop From Highs?

During the last session, Biodesix Inc (NASDAQ:BDSX)’s traded shares were 1.46 million, with the beta value of the company hitting 0.98. The 52-week high for the BDSX share is $2.04, that puts it down -628.57 from that peak though still a striking 39.29% gain since the share price plummeted to a 52-week low of $0.17. The company’s market capitalization is $40.48M, and the average intraday trading volume over the past 10 days was 2.51 million shares, and the average trade volume was 8.52 million shares over the past three months.

Biodesix Inc (BDSX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.33. BDSX has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.

Biodesix Inc (NASDAQ:BDSX) trade information

Biodesix Inc (BDSX) registered a -2.92% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.92% in intraday trading to $0.28, hitting a weekly high. The stock’s 5-day price performance is -13.58%, and it has moved by -8.24% in 30 days. Based on these gigs, the overall price performance for the year is -82.74%. The short interest in Biodesix Inc (NASDAQ:BDSX) is 5.63 million shares and it means that shorts have 0.24 day(s) to cover.

The consensus price target of analysts on Wall Street is $3, which implies an increase of 90.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3 respectively. As a result, BDSX is trading at a discount of -971.43% off the target high and -971.43% off the low.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 69.26%. While earnings are projected to return 26.46% in 2025, the next five years will return 33.97% per annum.

BDSX Dividends

Biodesix Inc is due to release its next quarterly earnings on 2025-May-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Biodesix Inc (NASDAQ:BDSX)’s Major holders

Biodesix Inc insiders own 52.11% of total outstanding shares while institutional holders control 36.46%, with the float percentage being 76.13%. TELEMARK ASSET MANAGEMENT, LLC is the largest shareholder of the company, while 69.0 institutions own stock in it. As of 2024-06-30, the company held over 8.28 million shares (or 6.513% of all shares), a total value of $12.67 million in shares.

The next largest institutional holding, with 6.11 million shares, is of SOLEUS CAPITAL MANAGEMENT, L.P.’s that is approximately 4.8062% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.35 million.

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