Bone Biologics Corp (NASDAQ:BBLG) shares, rose in value, with the stock price up by 20.23% to the previous day’s close as strong demand from buyers drove the stock to $2.08.
Actively observing the price movement in the last trading, the stock closed the session at $1.73, falling within a range of $1.7348 and $2.34. The value of beta (5-year monthly) was 0.671. Referring to stock’s 52-week performance, its high was $10.56, and the low was $0.80. On the whole, BBLG has fluctuated by 43.45% over the past month.
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With the market capitalization of Bone Biologics Corp currently standing at about $1.10 million, investors are eagerly awaiting this quarter’s results, scheduled for in October.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BBLG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of BBLG currently trading nearly 52.92% and 37.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.69, while the 7-day volatility ratio is showing 38.80% which for the 30-day chart, stands at 18.68%. Furthermore, Bone Biologics Corp (BBLG)’s average true range (ATR) is 0.33.
A comparison of Bone Biologics Corp (BBLG) with its peers suggests the former has fared considerably weaker in the market. BBLG showed an intraday change of 20.23% in last session, and over the past year, it shrunk by -64.86%%.
Data on historical trading for Bone Biologics Corp (NASDAQ:BBLG) indicates that the trading volumes over the past 10 days have averaged 17.56 and over the past 3 months, they’ve averaged 4.75 million. According to company’s latest data on outstanding shares, there are 0.53 million shares outstanding.
Nearly 2.33% of Bone Biologics Corp’s shares belong to company insiders and institutional investors own 10.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12501.0 shares as on 2024-08-30. According to the data, the short interest in Bone Biologics Corp (BBLG) stood at 71.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 0.17 million. The stock has fallen by -53.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BBLG stock heading into the next quarter.
