BIOLASE Inc. [NASDAQ: BIOL] stock went on a downward path that fall over -0.75% on Friday, amounting to a one-week price decrease of less than -15.69%.
Over the last 12 months, BIOL stock dropped by -65.68%. The average equity rating for BIOL stock is currently 1.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $29.45 million, with 92.19 million shares outstanding and 83.94 million shares in the current float. Compared to the average trading volume of 9.01M shares, BIOL stock reached a trading volume of 1661563 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on BIOLASE Inc. [BIOL]:
The Benchmark Company have made an estimate for BIOLASE Inc. shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on June 19, 2019. While these analysts kept the previous recommendation, Singular Research raised their target price to Buy. The new note on the price target was released on April 25, 2017, representing the official price target for BIOLASE Inc. stock. Previously, the target price had yet another drop from $4 to $2.50, while WallachBeth kept a Hold rating on BIOL stock. On November 12, 2013, analysts decreased their price target for BIOL shares from 3.50 to 2.75.
The Average True Range (ATR) for BIOLASE Inc. is set at 0.03, with the Price to Sales ratio for BIOL stock in the period of the last 12 months amounting to 1.11. The Price to Book ratio for the last quarter was 10.58, with the Price to Cash per share for the same quarter was set at 0.06.
BIOL Stock Performance Analysis:
BIOLASE Inc. [BIOL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.69. With this latest performance, BIOL shares dropped by -22.18% in over the last four-week period, additionally sinking by -58.49% over the last 6 months – not to mention a drop of -65.68% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BIOL stock in for the last two-week period is set at 29.20, with the RSI for the last a single of trading hit 19.54, and the three-weeks RSI is set at 34.92 for BIOLASE Inc. [BIOL]. The present Moving Average for the last 50 days of trading for this stock 0.4308, while it was recorded at 0.3268 for the last single week of trading, and 0.5103 for the last 200 days.
Insight into BIOLASE Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and BIOLASE Inc. [BIOL] shares currently have an operating margin of -41.33 and a Gross Margin at +37.80. BIOLASE Inc.’s Net Margin is presently recorded at -47.24.
Return on Total Capital for BIOL is now -77.99, given the latest momentum, and Return on Invested Capital for the company is -135.93. Return on Equity for this stock declined to -231.42, with Return on Assets sitting at -49.57. When it comes to the capital structure of this company, BIOLASE Inc. [BIOL] has a Total Debt to Total Equity ratio set at 317.64. Additionally, BIOL Total Debt to Total Capital is recorded at 76.06, with Total Debt to Total Assets ending up at 42.09. Long-Term Debt to Equity for the company is recorded at 0.80, with the Long-Term Debt to Total Capital now at 0.02.
Reflecting on the efficiency of the workforce at the company, BIOLASE Inc. [BIOL] managed to generate an average of -$113,726 per employee. Receivables Turnover for the company is 3.80 with a Total Asset Turnover recorded at a value of 1.05.BIOLASE Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.10.
BIOL Stock EPS
With the latest financial reports released by the company, BIOLASE Inc. posted -0.12/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 14.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BIOL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BIOLASE Inc. go to 20.00%.
BIOLASE Inc. [BIOL] Insider Position Details
There are presently around $2 million, or 8.60% of BIOL stock, in the hands of institutional investors. The top three institutional holders of BIOL stocks are: ORACLE INVESTMENT MANAGEMENT INC with ownership of 1,739,100, which is approximately -66.383% of the company’s market cap and around 27.02% of the total institutional ownership; PERKINS CAPITAL MANAGEMENT INC, holding 1,381,000 shares of the stock with an approximate value of $0.44 million in BIOL stocks shares; and VANGUARD GROUP INC, currently with $0.32 million in BIOL stock with ownership of nearly 3.721% of the company’s market capitalization.
Positions in BIOLASE Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 15 institutional holders increased their position in BIOLASE Inc. [NASDAQ:BIOL] by around 844,081 shares. Additionally, 8 investors decreased positions by around 7,378,455 shares, while 13 investors held positions by with 2,785,246 shares. The mentioned changes placed institutional holdings at 5,437,290 shares, according to the latest SEC report filing. BIOL stock had 6 new institutional investments in for a total of 236,638 shares, while 4 institutional investors sold positions of 3,886,382 shares during the same period.