BIOLASE Inc. (NASDAQ:BIOL)’s traded shares stood at 1.46 million during the last session, with the company’s beta value hitting 1.47. At the close of trading, the stock’s price was $0.60, to imply a decrease of -1.70% or -$0.01 in intraday trading. The BIOL share’s 52-week high remains $1.51, putting it -151.67% down since that peak but still an impressive 58.33% since price per share fell to its 52-week low of $0.25. The company has a valuation of $87.69M, with average of 3.37 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for BIOLASE Inc. (BIOL), translating to a mean rating of 1.70. Of 4 analyst(s) looking at the stock, 0 analyst(s) give BIOL a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.04.
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After registering a -1.70% downside in the last session, BIOLASE Inc. (BIOL) has traded red over the past five days. The stock hit a weekly high of 0.6599 this Wednesday, 07/14/21, dropping -1.70% in its intraday price action. The 5-day price performance for the stock is -7.28%, and -23.49% over 30 days. With these gigs, the year-to-date price performance is 44.01%.
Analysts on Wall Street suggest a consensus price target of $2.00, implying an increase of 70.0% to the stock’s current value. The extremes give us $2.00 and $2.00 for target low and target high price respectively. As such, BIOL has been trading -233.33% off suggested target high and -233.33% from its likely low.
BIOLASE Inc. (BIOL) estimates and forecasts
Looking at statistics comparing BIOLASE Inc. share performance against respective industry, we note that the company has outperformed competitors. BIOLASE Inc. (BIOL) shares are -42.30% down over the last 6 months, with its year-to-date growth rate higher than industry average at 75.00% against 23.90%. Revenue is forecast to grow 66.70% this quarter before jumping 85.70% for the next one. The rating firms project that company’s revenue will grow 57.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is $8.31 million. Meanwhile, for the quarter ending Sep 2021, a total of 4 analyst(s) estimate revenue growth to $8.88 million.Earnings reports from the last fiscal year show that sales brought in $2.94 million and $6.5 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 182.80% before jumping 36.60% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 20.30% for the past 5-year period. While 2021 is set for a 27.30% return in earnings, projections for the next 5 years are at 20.00% annually.
BIOLASE Inc. has its next earnings report out on March 25. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. BIOLASE Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
BIOLASE Inc. (NASDAQ:BIOL)’s Major holders
BIOLASE Inc. insiders hold 5.39% of total outstanding shares, with institutional holders owning 18.08% of the shares at 19.11% float percentage. In total, 18.08% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Mar 30, 2021, the company held over 7.34 million shares (or 4.88% of shares), all amounting to roughly $6.18 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 3.58 million shares, or about 2.38% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $3.02 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the BIOLASE Inc. (BIOL) shares. Going by data provided on Mar 30, 2021, Vanguard Total Stock Market Index Fund holds roughly 4.39 million shares. This is just over 2.92% of the total shares, with a market valuation of $3.7 million. Data from the same date shows that the other fund manager holds a little less at 2.76 million, or 1.83% of the shares, all valued at about 2.32 million.