BIOLASE Inc. (NASDAQ:BIOL) currently has a daily average trading volume of 2.51M but it saw 9998114 shares traded on Thursday. With a market cap of 2.19M USD, stock’s current market price of $0.08 came falling about -4.76 while comparing to the previous closing price of $0.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.94 and as low as $0.07. In the recent trading on the day, stock has struck highest price mark of $0.0845 while lowest mark touched by it was $0.0781.
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Taking a look at 20-day trading activity of BIOLASE Inc. (BIOL) gives us an average price of $0.1960, while its current price level is -98.65% below from 52-week high level whereas it is 12.68% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2528 while that of 200 days or SMA-200 reads an average of $1.3153. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.43% during that period while stretching the period over a month that increases to 23.16%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 24.41 which implies that the stock is in oversold territory.
BIOLASE Inc. (BIOL)’s stock is currently under the radar of 4 analysts who are in consensus at a 12-month price target range of between $0.10 and $10.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $0.10 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $10.00. Average price target assigned by them is $3.15 which highlights an upside potential of 97.46% for the stock over that period. And to attain the median price target of $1.25 assigned by those analysts, stock has to add about 93.6% of value to its current levels.
Data by FactSet Research shows that 4 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 4 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, BIOL’s stock price is moving -50.00% down while it is -61.90% when we observe its performance for the past one month. Year-to-date it is -87.69% down and over the past year, the stock is showing a downside performance of -98.39%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.18 beat the consensus estimate of -$0.2 for the same. The company is expected to be releasing its next quarterly report in 08/10/2023, for which analysts forecasted an EPS of -$0.12 while estimate for next year EPS is -$0.35. For BIOL, analysts are forecasting an EPS-growth rate of 91.60% for current year and estimate for EPS growth in next year is 137.10%. In next quarter, company is expected to be making quarterly sales of $15.55 million as analysts are expecting the sales for current fiscal year at $60.7 million and seeing the company making $72.1 million in sales next year. Moreover, analysts are in estimates of $15.6 million for current-quarter revenue.
Currently, BIOLASE Inc.’s total number of outstanding shares is 32.81M with 15.47% of that held by the insiders while 12.98% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -136.10% and return on equity (ROE) at -244.90%. Stock’s beta reads 1.39. Stock has a price to book (P/B) ratio of 0.32 while price to sale or P/S ratio amounts to 0.04. Its return on asset (ROA) is -68.40% on average.
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