BLI (NASDAQ:BLI) Initiated by Berenberg Bank to Buy

BLI stock has undergone multiple analysts rating changes in the recent past.  BLI Initiated by Berenberg Bank on 10/13/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of No Rating.

Shares of BLI traded on Tuesday, reaching $21.00. 5249 shares of the stock traded hands, compared to its average volume of 2245335. Shares of BLI were trading at $21.00 on Tuesday. The firm’s 50 day moving average is $31.35 and its 200 day moving average is $50.18.BLI has a 12 month low of $19.30 and a 12 month high of $113.53. While on yearly highs and lows, BLI’s today has traded high as $21.67 and has touched $19.30 on the downward trend. See More Analyst Rating at: RATING

BLI Earnings and What to expect: 

Berkeley Lights last released its earnings data on August 10th, 2021. The reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.03. The firm had revenue of $19.25 million for the quarter, compared to the consensus estimate of $19.75 million. Berkeley Lights has generated ($1.39) earnings per share over the last year (($0.86) diluted earnings per share). Earnings for Berkeley Lights are expected to grow in the coming year, from ($0.94) to ($0.73) per share. Berkeley Lights has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 11th, 2021 based off prior year’s report dates.

Earnings for Berkeley Lights are expected to grow in the coming year, from ($0.94) to ($0.73) per share. The P/E ratio of Berkeley Lights is -24.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Berkeley Lights is -24.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Berkeley Lights has a P/B Ratio of 5.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

BLI (NASDAQ:BLI) Moving Average Technical Analysis

5 day Moving Average is $19.00 And 5 day price change is $1.80 (9.37%)  with average volume for 5 day average is 1,479,720. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $21.35 and 20 day price change is -$11.76 (-35.90%) and average 20 day moving volume is 3,116,240. 50 day moving average is $31.35  and 50 day price change is -$25.26 ( -54.60%)  and with average volume for 50 days is : 1,809,334. 200 day moving average is $50.18  and 200 day price change is -$82.38 (-79.69%)  and with average volume for 200 days is : 1,163,002.

Other owners latest trading in BLI :

  • On 9/17/2021 shares held by Virtu Financial LLC were 6,024 which equates to market value of $0.27M and appx 0.00% owners of BLI
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 12,300 which equates to market value of $0.55M and appx 0.00% owners of BLI
  • On 8/25/2021 shares held by Marshall Wace North America L.P. were 10,949 which equates to market value of $0.49M and appx 0.00% owners of BLI
  • In total Institutional ownership equates to Institutional Ownership Percentage: 61.72% for BLI

See More Analyst Rating at: RATING