The stock of BioLife Solutions Inc. (NASDAQ:BLFS) decreased by -$0.28 on Friday to finish at $12.14, down -2.25 percent. The last five days have seen an average of 933,980 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$6.06. The average number of shares traded over the last 20 days was 408,875, while the average volume over the last 50 days totaled 380,518.
BLFS stock dropped -40.78% since last month. On 08/11/23, the company’s shares reached a one-month low of $11.82. The stock touched a high of $26.96 on 02/06/23, after rallying from a low of $12.11 in 52 weeks. The price of BLFS stock has declined by -33.30% or -$6.06 this year, reaching a new high 15 times. Still, the stock price is down -54.97% from the 52-week high.
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Insider Transactions
BLFS stock investors should be aware that BioLife Solutions Inc. (BLFS) stock had its last reported insider trading activity 5 days ago on Aug 09. On Aug 09, 10% Owner Casdin Partners Master Fund, L acquired 58,465 shares at $13.20 each. This transaction resulted in the insider spending $771,744. On Jul 24, Schulz Marcus sold 679 shares at a price of US$19.50. After the transaction, the insider now owns 42,552 shares. Chief Human Resources Officer Aebersold Sarah had earlier sold 462 shares on Jul 24 for $19.50 a share. The transaction was completed for $9,009.
Valuation Metrics
Beta for the stock is 1.66. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.31, the price-to-book (PB) ratio of 1.50.
Financial Health
For the three months ended June 29, BioLife Solutions Inc.’s quick ratio was 2.00, while its current ratio was 3.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.07, and the total debt to equity ratio is 0.08. As far as profitability goes, gross margin for the trailing twelve months is 34.40% percent. BioLife Solutions Inc.’s EBITDA margin for the year ended June 29 was -12.34%, whereas its operating margin stood at -52.30% for the same period. Based on annual data, it had gross profit of $53.82 million and revenue of $161.76 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BLFS’s return on assets (ROA) during the last 12 months has been -18.50%. There was a -36.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -22.70%.
Earnings Surprise
According to BioLife Solutions Inc.’s quarterly financial report for the quarter that ended June 29, it had $23.57 million in total debt versus $24.86 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $39.51 million, while revenues fell by -2.58% to $37.7 million. It was predicted that BioLife Solutions Inc.’s quarterly earnings would be -$0.23, but it ended up being -$0.2, beating the consensus by -15.00%. EBITDA was -$11.82 million for the quarter. At the end of BioLife Solutions Inc.’s most recent quarter ended June 29, its liabilities totaled 81.05 million, while its total debt was $44.57 million. Equity owned by shareholders amounts to $43.49 million.
Technical Picture
Here’s a quick look at BioLife Solutions Inc.’s (BLFS) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 9.66%, suggesting the stock is oversold, with a 156.30% historical volatility rate.
The stochastic %K and %D were 3.92% and 9.23% respectively, while the average true range (ATR) was 1.23. Based on the 14-day stochastic reading of 3.74%, the RSI (14) reading is 15.53%. On the 9-day MACD Oscillator, the stock is at -4.27, and the 14-day reading is at -5.26.
Analyst Ratings
In its analyst report released on July 11, 2023, Craig Hallum began covering BioLife Solutions Inc. (NASDAQ: BLFS). The stock was rated as a Buy by the brokerage firm. Analysts have assigned BioLife Solutions Inc. (BLFS) an Buy rating. BLFS is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is BLFS’s price target for the next 12 months?
The current consensus forecast for the stock is between $22.00 and $30.00, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for BioLife Solutions Inc. (BLFS) is $25.14.
