Berkeley Lights Inc. (NASDAQ:BLI) saw an upside of 13.90% to $21.14 after adding $2.58 on Tuesday. The 5-day average trading volume is 1,046,281 shares of the company’s common stock. It has gained $21.12 in the past week. An average of 3,007,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,765,990.
BLI’s 1-month performance is -47.42% or -$14.29 on its low of $17.82 reached on 10/11/21. The company’s shares have touched a 52-week low of $17.82 and high of $113.53, with the stock’s rally to the 52-week high happening on 01/08/21. YTD, BLI has lost -79.24% or -$68.40. However, the current price is down -81.38%% from the 52-week high price.
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On Sep 14, 28 days have gone by since the last insider trading activity for Berkeley Lights Inc. (BLI). Breinlinger Keith (Chief Technical Officer) most recently sold 4,000 shares at $33.28 per share on Sep 14. This transaction cost the insider $133,134. Director, KHANDROS IGOR Y, sold 37,500 shares at a price of $36.62 on Sep 09. Then, on Sep 07, Director KHANDROS IGOR Y sold 37,500 shares at a price of $36.59 per share. This transaction amounted to $1,372,043.
Berkeley Lights Inc. (BLI) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.25 for the sector.BLI stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 16.63 while the price-to-book (PB) in the most recent quarter is 5.35.
Berkeley Lights Inc.’s quick ratio for the period ended June 29 was 8.80, with the current ratio over the same period at 9.30 meaning that BLI stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.08, while the total debt to equity was 0.08. In terms of profitability, the gross margin trailing 12 months is 67.80%. The trailing 12-month EBITDA margin is -52.25% while for the period ending June 29; Berkeley Lights Inc.’s operating margin was -68.20%. The firm’s gross profit as reported stood at $44.55 million against revenue of $64.3 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BLI to announce -$0.24 per share in earnings in its latest quarter, but it posted -$0.27, representing a -12.50% surprise. EBITDA for the quarter stood at more than -$16.04 million. BLI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 63.88 million, with total debt at $36.65 million. Shareholders hold equity totaling $67.1 million
Let’s look briefly at Berkeley Lights Inc. (BLI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 46.64% to suggest the stock is trending Neutral, with historical volatility in this time period at 82.32%.
The stock’s 5-day moving average is $19.00, reflecting a +9.43% or $1.81 change from its current price. BLI is currently trading -35.87% above its 20-day SMA, -50.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -54.58% and -79.68% respectively.
Stochastic %K and %D was 22.50% and 11.27% and the average true range (ATR) pointed at 1.68. The RSI (14) points at 38.41%, while the 14-day stochastic is at 55.77% with the period’s ATR at 1.87. The stock’s 9-day MACD Oscillator is pointing at 0.13 and -0.52 on the 14-day charts.
In the most recent analyst report for Berkeley Lights Inc. (NASDAQ: BLI), KeyBanc Capital Markets downgraded it to a Sector weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for BLI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BLI as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is BLI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $61.00 and a high of $100.00, with their median price target at $65.50. Looking at these predictions, the average price target given by analysts is for Berkeley Lights Inc. (BLI) stock is $73.00.