Bridgeline Digital, Inc. (NASDAQ:BLIN) traded at $2.07 at last check on Friday, Nov 20, making an upward move of 3.5% on its previous day’s price.
Looking at the stock we see that its previous close was $2 and the beta (5Y monthly) reads 2.79 with the day’s price range being $1.9200 – 2.5800. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, BLIN has a high of $3.62 and a low of $0.53. The company’s stock has gained about -5.48% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.64 Million, with a low of $2.64 Million and a high of $2.64 Million. The median projection represents growth adding up to -1.8% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $10.85 Million, or +9% up from figures reported last year.
On the other hand, looking at the outlook for the BLIN stock, short term indicators assign the stock an average of 25% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Bridgeline Digital, Inc. (BLIN) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the BLIN stock currently stands at 0, and the current price level is -2.34% off its SMA20 and -1.47% from its 50-day simple moving average. The RSI (14) is pointing at 48.71 while the volatility over the past week is 1086% and drops to 7.56% over the past one month. The beta value is 2.79, while the average true range (ATR) is currently pointing at 0.17. The average price target for the stock over the next 12 months is $3.35, with the estimates having a low of $3.35 and a high of $3.35. These price ends are 61.84% and +61.84% off the current price level respectively, although investors could be excited at the prospect of a +61.84% if the BLIN share price touches on the median price of $3.35.
Let’s briefly compare Bridgeline (BLIN) stock to its peers. We find that today’s price change of +3.5% and +41.78% over the past 12 months for BLIN betters that of Alphabet Cl C (GOOG), which has seen its stock price fall -1.23% in the latest trading session and is +33.88% over the last one year. Another of its peers Alphabet Cl A (GOOGL) has dropped -1.26% today, and is +33.55% up over the past year, while Facebook Inc (FB) is also up 3.5% yet its price remains in the green at 41.78% over the same period. Alphabet has a P/E ratio of 33.66 compared to Bridgeline’s 0 and Alphabet’s 33.55. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Bridgeline Digital, Inc. (NASDAQ:BLIN), we note that the average 3-month trading volume was 145.5 Million, while that of the preceding 10-day period stands at 138.21 Million. Current shares outstanding are 4.42 Million.
According to data from Thomson Reuters, insiders hold 1.36% of the company’s shares while institutions hold 4.21%. The data shows that short shares as of October 29, 2020, stood at 15.98 Million at a short ratio of 0.17. This represents a 0.36% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 20.64 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +34.42% up in year-to-date price movement.