Bioline Rx Ltd ADR (NASDAQ:BLRX) price on Wednesday, December 04, fall -3.71% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.27.
A look at the stock’s price movement, the close in the last trading session was $0.28, moving within a range at $0.261 and $0.2896. The beta value (5-Year monthly) was 0.873. Turning to its 52-week performance, $1.89 and $0.25 were the 52-week high and 52-week low respectively. Overall, BLRX moved -36.79% over the past month.
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Bioline Rx Ltd ADR’s market cap currently stands at around $22.99 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 7.72M for the company’s revenue for the quarter, with a low and high estimate of 5.6M and 10.63M respectively. The average forecast suggests up to a 60.80% 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 to grow to 24.91M, representing a 419.01% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BLRX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend BLRX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BLRX’s current price about -30.14% and -38.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.17, while 7-day volatility ratio is 9.18% and 10.79% in the 30-day chart. Further, Bioline Rx Ltd ADR (BLRX) has a beta value of 1.41, and an average true range (ATR) of 0.04.
If we refocus on Bioline Rx Ltd ADR (NASDAQ:BLRX), historical trading data shows that trading volumes averaged 3.1 over the past 10 days and 758.57K over the past 3 months. The company’s latest data on shares outstanding shows there are 85.11 million shares.
The 0.56% of Bioline Rx Ltd ADR’s shares are in the hands of company insiders while institutional holders own 3.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.06 million on 2024-10-31, giving us a short ratio of 2.39. The data shows that as of 2024-10-31 short interest in Bioline Rx Ltd ADR (BLRX) stood at 133.00001 of shares outstanding, with shares short rising to 0.14 million registered in 2024-09-30. Current price change has pushed the stock -82.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BLRX stock continues to rise going into the next quarter.
