What Technical Indicators Show About Bridgeline Digital Inc. (BLIN)?

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Bridgeline Digital Inc. (NASDAQ:BLIN) traded with an addition of $0.05 to close at $1.04 on Thursday, an upside of 4.44 percent. An average of 250,115 shares of common stock have been traded in the last five days. There was a fall of -$0.0600 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 107,279 shares traded, while the 50-day average volume stands at 68,387.

BLIN stock has decreased by -26.54% in the last month. The company shares reached their 1-month lowest point of $0.9740 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $0.97 and a high of $2.40 in 52 weeks. It has reached a new high 2 times so far this year and lost -56.12% or -$1.1900 in price. In spite of this, the price is down -56.85% from the 52-week high.


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Valuation Metrics

Bridgeline Digital Inc. (BLIN) has a trailing price-to-earnings (P/E) ratio of 4.77. The stock’s beta is 2.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.66, the price-to-book (PB) ratio at 0.50.

Financial Health

The quick ratio of Bridgeline Digital Inc. for the three months ended September 29 was 0.90, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.03 and a total debt to equity ratio of 0.05 for the quarter ending September 29. Its gross profit as reported stood at $11.7 million compared to revenue of $16.82 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, Bridgeline Digital Inc.’s return on assets was 7.20%.

Earnings Surprise

For the three-month period that ended September 29, Bridgeline Digital Inc. had $0.59 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$0.48 million in the quarter, while revenues were shrunk -604.17%. The analyst consensus anticipated Bridgeline Digital Inc.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.05, a -66.70% surprise. For the quarter, EBITDA amounted to $14000.0. Shareholders own equity worth $10.42 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Bridgeline Digital Inc. (BLIN) price momentum. RSI 9-day as of the close on 28 December was 29.45%, suggesting the stock is oversold, with historical volatility in this time frame at 87.88%.

As of today, BLIN’s price is $1.0385 -5.31% or -$0.0600 from its 5-day moving average. BLIN is currently trading -23.02% lower than its 20-day SMA and -14.40% lower than its 100-day SMA. However, the stock’s current price level is -13.01% below the SMA50 and -38.86% below the SMA200.

The stochastic %K and %D were 8.95% and 7.57%, respectively, and the average true range (ATR) was 0.0864. With the 14-day stochastic at 20.17% and the average true range at 0.0790, the RSI (14) stands at 30.62%. The stock has reached -0.1330 on the 9-day MACD Oscillator while the 14-day reading was at -0.2179.

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