Bridgeline Digital Inc. (NASDAQ:BLIN) price on Friday, August 27, rose 9.80% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.48.
A look at the stock’s price movement, the level at last check in today’s session was $4.08, moving within a range at $3.994 and $4.31. The beta value (5-Year monthly) was 3.13. Turning to its 52-week performance, $14.38 and $1.62 were the 52-week high and 52-week low respectively. Overall, BLIN moved -33.11% over the past month.
Bridgeline Digital Inc.’s market cap currently stands at around $32.44 million, with investors looking forward to this quarter’s earnings report slated for Aug 16, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.05, which has seen fiscal year 2021 EPS growth forecast to increase to -$0.42 and about -$0.12 for fiscal year 2022. Per the data, EPS growth is expected to be 28.80% for 2021 and 71.40% for the next financial year.
Analysts have a consensus estimate of $3.25 million for the company’s revenue for the quarter, with a low and high estimate of $3.25 million and $3.25 million respectively. The average forecast suggests up to a 23.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $12.87 million, representing a 18.00% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that BLIN is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
BLIN’s current price about -8.65% and -13.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.47, while 7-day volatility ratio is 7.87% and 10.40% in the 30-day chart. Further, Bridgeline Digital Inc. (BLIN) has a beta value of 3.16, and an average true range (ATR) of 0.51.
In the market, a comparison of Bridgeline Digital Inc. (BLIN) and its peers suggest the former has performed considerably stronger. Data shows BLIN’s intraday price has changed 9.80% today and 100.99% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.73% and 0.60% respectively on the day as seen in early trades.
If we refocus on Bridgeline Digital Inc. (NASDAQ:BLIN), historical trading data shows that trading volumes averaged 9.85 million over the past 3 months. The company’s latest data on shares outstanding shows there are 5.94 million shares.
The 4.30% of Bridgeline Digital Inc.’s shares are in the hands of company insiders while institutional holders own 13.80% of the company’s shares. Current price change has pushed the stock 58.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BLIN stock continues to rise going into the next quarter.