During the last session, Bridgeline Digital Inc. (NASDAQ:BLIN)’s traded shares were 0.6 million, with the beta value of the company hitting 2.89. At the end of the trading day, the stock’s price was $2.14, reflecting an intraday gain of 0.47% or $0.01. The 52-week high for the BLIN share is $14.38, that puts it down -571.96 from that peak though still a striking 6.54% gain since the share price plummeted to a 52-week low of $2.00. The company’s market capitalization is $18.08M, and the average intraday trading volume over the past 10 days was 0.35 million shares, and the average trade volume was 774.30K shares over the past three months.
Bridgeline Digital Inc. (BLIN) registered a 0.47% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.47% in intraday trading to $2.14 this Friday, 01/07/22, hitting a weekly high. The stock’s 5-day price performance is -5.31%, and it has moved by -24.65% in 30 days. Based on these gigs, the overall price performance for the year is -23.84%. The short interest in Bridgeline Digital Inc. (NASDAQ:BLIN) is 0.27 million shares and it means that shorts have 0.17 day(s) to cover.
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The consensus price target of analysts on Wall Street is $6.50, which implies an increase of 67.08% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.50 and $6.50 respectively. As a result, BLIN is trading at a discount of -203.74% off the target high and -203.74% off the low.
Bridgeline Digital Inc. (BLIN) estimates and forecasts
Statistics show that Bridgeline Digital Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Bridgeline Digital Inc. (BLIN) shares have gone down -64.39% during the last six months, with a year-to-date growth rate more than the industry average at 97.28% against 6.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 100.00% this quarter and then jump 90.90% in the quarter after that. In the rating firms’ projections, revenue will increase 34.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $4.35 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $4.4 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $2.84 million and $2.87 million respectively. In this case, analysts expect current quarter sales to grow by 53.40% and then jump by 53.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 63.00%. While earnings are projected to return -148.90% in 2022.
Bridgeline Digital Inc. is due to release its next quarterly earnings between February 09 and February 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bridgeline Digital Inc. (NASDAQ:BLIN)’s Major holders
Bridgeline Digital Inc. insiders own 1.60% of total outstanding shares while institutional holders control 27.90%, with the float percentage being 28.36%. AIGH Capital Management LLC is the largest shareholder of the company, while 23 institutions own stock in it. As of Sep 29, 2021, the company held over 1.26 million shares (or 12.37% of all shares), a total value of $5.18 million in shares.
The next largest institutional holding, with 0.3 million shares, is of AWM Investment Company, Inc.’s that is approximately 2.94% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $1.23 million.
Also, the Mutual Funds coming in first place with the largest holdings of Bridgeline Digital Inc. (BLIN) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.2 million shares. This amounts to just over 1.97 percent of the company’s overall shares, with a $0.83 million market value. The same data shows that the other fund manager holds slightly less at 85778.0, or about 0.84% of the stock, which is worth about $0.35 million.