The stock of BIOLASE Inc. (NASDAQ:BIOL) increased by $0.14 on Tuesday to finish at $2.09, up 7.18 percent. The last five days have seen an average of 732,900 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$62.9100. The average number of shares traded over the last 20 days was 277,530, while the average volume over the last 50 days totaled 306,135.
BIOL stock dropped -60.34% since last month. On 09/14/23, the company’s shares reached a one-month low of $1.7400. The stock touched a high of $308.00 on 01/09/23, after rallying from a low of $1.74 in 52 weeks. The price of BIOL stock has declined by -96.78% or -$62.9100 this year, reaching a new high 3 times. Still, the stock price is down -99.32% from the 52-week high.
Insider Transactions
BIOL stock investors should be aware that BIOLASE Inc. (BIOL) stock had its last reported insider trading activity 287 days ago on Dec 07. On Dec 07, Director LORD JONATHAN T MD sold 3,537 shares at $0.75 each. This transaction resulted in the insider making $2,653.
Valuation Metrics
Beta for the stock is 1.34. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.05, the price-to-book (PB) ratio of 0.17.
Financial Health
For the three months ended June 29, BIOLASE Inc.’s quick ratio was 0.80, while its current ratio was 1.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.80, and the total debt to equity ratio is 2.12. As far as profitability goes, gross margin for the trailing twelve months is 30.50% percent. BIOLASE Inc.’s EBITDA margin for the year ended June 29 was -51.26%, whereas its operating margin stood at -49.50% for the same period. Based on annual data, it had gross profit of $15.91 million and revenue of $48.46 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BIOL’s return on assets (ROA) during the last 12 months has been -71.20%. There was a -136.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -345.60%.
Earnings Surprise
According to BIOLASE Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $14.12 million, while revenues rose by 13.31% to $10.47 million. It was predicted that BIOLASE Inc.’s quarterly earnings would be -$8.93, but it ended up being -$5.33, beating the consensus by -67.50%. EBITDA was -$2.34 million for the quarter. At the end of BIOLASE Inc.’s most recent quarter ended June 29, its liabilities totaled 32.29 million, while its total debt was $16.08 million. Equity owned by shareholders amounts to $1.04 million.
Technical Picture
Here’s a quick look at BIOLASE Inc.’s (BIOL) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 23.11%, suggesting the stock is oversold, with a 270.13% historical volatility rate.
The stochastic %K and %D were 8.13% and 7.41% respectively, while the average true range (ATR) was 0.5000. Based on the 14-day stochastic reading of 12.30%, the RSI (14) reading is 25.96%. On the 9-day MACD Oscillator, the stock is at -0.7800, and the 14-day reading is at -1.2600.
Analyst Ratings
In its analyst report released on June 19, 2019, The Benchmark Company began covering BIOLASE Inc. (NASDAQ: BIOL). The stock was rated as a Speculative buy by the brokerage firm. Analysts have assigned BIOLASE Inc. (BIOL) an Buy rating. BIOL is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is BIOL’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $40.00, with a median target price of $22.50. In analyzing these forecasts, the average price target given by analysts for BIOLASE Inc. (BIOL) is $22.50.
