Berkeley Lights Inc. (NASDAQ:BLI) finished Wednesday with an addition of $1.43 to close at $22.43, an upside of 6.81 percent. An average of 1,955,660 shares of common stock have been traded in the last five days. There was a gain of $3.90 in the past week. The last 20 days have seen an average of 2,908,335 shares traded, while the 50-day average volume stands at 1,866,788.
BLI stock has decreased by -31.53% in the last month. The company shares reached their 1-month lowest point of $17.82 on 10/11/21. With the stock rallying to its 52-week high on 01/08/21, shares of the company touched a low of $17.82 and a high of $113.53 in 52 weeks. In spite of this, the price is down -80.24% from the 52-week high.
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30 days have passed since Berkeley Lights Inc. (BLI) last reported insider trading activity. Breinlinger Keith, who is Chief Technical Officer, most recently acquired $4,000 shares at $33.28 per share on Sep 14. In this transaction, the insider spent $133,134. Director, KHANDROS IGOR Y, disposed of 37,500 shares at a price of $36.62 on Sep 09. The insider now owns more than $1,373,346 worth of shares. Prior to that, Director KHANDROS IGOR Y went on to Sale 37,500 shares at $36.59 each on Sep 07. An amount of $1,372,043 was transacted.
Berkeley Lights Inc. (BLI) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.30 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 20.10, the price-to-book (PB) ratio at 6.46.
The quick ratio of Berkeley Lights Inc. for the three months ended June 29 was 8.80, and the current ratio was 9.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.08 for the quarter ending June 29. Berkeley Lights Inc.’s EBITDA margin for the year ending June 29 is -52.25%, while its operating margin for the same period stands at -68.20%. Its gross profit as reported stood at $44.55 million compared to revenue of $64.3 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Berkeley Lights Inc.’s return on assets was -18.20%. For the broader industry, ROE averaged -68.79 over the past year.
The analyst consensus anticipated Berkeley Lights Inc.’s latest quarter earnings to come in at -$0.24 per share, but it turned out to be -$0.27, a -12.50% surprise. For the quarter, EBITDA amounted to -$16.04 million. Shareholders own equity worth $67.1 million.
From a technical analysis perspective, let’s take a brief look at Berkeley Lights Inc. (BLI) price momentum. RSI 9-day as of the close on 13 October was 54.55%, suggesting the stock is Neutral, with historical volatility in this time frame at 86.24%.
As of today, BLI’s price is $19.78 +21.05% or $3.90 from its 5-day moving average. BLI is currently trading -15.74% lower than its 20-day SMA and -47.26% lower than its 100-day SMA. However, the stock’s current price level is -49.84% below the SMA50 and -77.28% below the SMA200.
The stochastic %K and %D were 54.03% and 27.69%, respectively, and the average true range (ATR) was 1.79. With the 14-day stochastic at 95.74% and the average true range at 1.93, the RSI (14) stands at 44.03%. The stock has reached 1.25 on the 9-day MACD Oscillator while the 14-day reading was at 0.89.
Berenberg launched coverage on Berkeley Lights Inc. (NASDAQ: BLI) in its analyst report released on October 13, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Berkeley Lights Inc. (BLI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BLI, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is BLI’s price target for the next 12 months?
Analysts predict a range of price targets between $42.00 and $100.00, with a median target of $65.00. Taking a look at these predictions, the average price target given by analysts for Berkeley Lights Inc. (BLI) stock is $66.80.