why Berkeley Lights Inc. [BLI] is a Good Choice for Investors After New Price Target of $39.80


Berkeley Lights Inc. [NASDAQ: BLI] plunged by -$0.74 during the normal trading session on Wednesday and reaching a high of $10.99 during the day while it closed the day at $9.90. The company report on January 10, 2022 that Berkeley Lights and Aanika Biosciences Announce Partnership to Improve Food Safety by Commercializing Antimicrobial Peptides through Proprietary High-Throughput, Functional Screening Service.

Berkeley Lights, Inc. (Nasdaq: BLI), a leader in digital cell biology, and Aanika Biosciences, a growing biotech start-up using edible microbial tags to improve food safety, today announced a strategic partnership that will enable faster identification of outbreak sources, reduce incidents of fresh produce contamination and minimize the impact of food borne illness related recalls.

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In this partnership, Aanika will use Berkeley Lights’ high-throughput, functional screening service to rapidly identify and optimize functional, antimicrobial peptides (AMPs) capable of killing harmful bacteria, including those that cause outbreaks of foodborne illness. In addition, the Beacon® Optofluidic Platform will be leveraged to find peptides that are toxic to bacteria to create a new antibacterial tag that will then be applied to their bacterial spore-based barcoding technology to protect the food supply chain.“Berkeley Lights’ high-throughput, functional screening service, based on our proprietary cell-free expression technology, is accelerating novel discoveries to develop solutions and products in the agricultural space,” said Eric Hobbs, Ph.D., chief executive officer of Berkeley Lights. “Specifically, applying the Berkeley Lights platform to AMPs allows us to rapidly map and identify the top mutational sites to further optimize AMP performance.”.

Berkeley Lights Inc. stock has also loss -39.15% of its value over the past 7 days. However, BLI stock has declined by -55.86% in the 3 months of the year. Over the past six months meanwhile, it has lost -76.81% and lost -45.54% year-on date.

The market cap for BLI stock reached $686.07 million, with 67.21 million shares outstanding and 55.57 million shares in the current float. Compared to the average trading volume of 1.35M shares, BLI reached a trading volume of 2894482 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Berkeley Lights Inc. [BLI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLI shares is $39.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLI stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

William Blair have made an estimate for Berkeley Lights Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 06, 2022. While these analysts kept the previous recommendation, Stifel dropped their target price from $61 to $12. The new note on the price target was released on January 06, 2022, representing the official price target for Berkeley Lights Inc. stock.

The Average True Range (ATR) for Berkeley Lights Inc. is set at 1.79, with the Price to Sales ratio for BLI stock in the period of the last 12 months amounting to 8.17. The Price to Book ratio for the last quarter was 3.02, with the Price to Cash per share for the same quarter was set at 2.84.

BLI stock trade performance evaluation

Berkeley Lights Inc. [BLI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -39.15. With this latest performance, BLI shares dropped by -44.44% in over the last four-week period, additionally sinking by -76.81% over the last 6 months – not to mention a drop of -88.17% 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 BLI stock in for the last two-week period is set at 26.85, with the RSI for the last a single of trading hit 23.49, and the three-weeks RSI is set at 29.69 for Berkeley Lights Inc. [BLI]. The present Moving Average for the last 50 days of trading for this stock 19.81, while it was recorded at 10.01 for the last single week of trading, and 34.45 for the last 200 days.

Berkeley Lights Inc. [BLI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Berkeley Lights Inc. [BLI] shares currently have an operating margin of -62.82 and a Gross Margin at +69.29. Berkeley Lights Inc.’s Net Margin is presently recorded at -64.67.

Return on Total Capital for BLI is now -20.46, given the latest momentum, and Return on Invested Capital for the company is -22.26. Return on Equity for this stock declined to -25.31, with Return on Assets sitting at -19.31. When it comes to the capital structure of this company, Berkeley Lights Inc. [BLI] has a Total Debt to Total Equity ratio set at 15.40. Additionally, BLI Total Debt to Total Capital is recorded at 13.35, with Total Debt to Total Assets ending up at 12.58. Long-Term Debt to Equity for the company is recorded at 9.89, with the Long-Term Debt to Total Capital now at 8.57.

Reflecting on the efficiency of the workforce at the company, Berkeley Lights Inc. [BLI] managed to generate an average of -$180,800 per employee. Receivables Turnover for the company is 4.46 with a Total Asset Turnover recorded at a value of 0.30.Berkeley Lights Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.80 and a Current Ratio set at 7.20.

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Berkeley Lights Inc. [BLI]: Insider Ownership positions

There are presently around $464 million, or 70.90% of BLI stock, in the hands of institutional investors. The top three institutional holders of BLI stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 8,502,916, which is approximately 23.173% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 4,124,530 shares of the stock with an approximate value of $40.83 million in BLI stocks shares; and BLACKROCK INC., currently with $36.72 million in BLI stock with ownership of nearly 9.611% of the company’s market capitalization.

Positions in Berkeley Lights Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 90 institutional holders increased their position in Berkeley Lights Inc. [NASDAQ:BLI] by around 15,393,391 shares. Additionally, 70 investors decreased positions by around 9,891,298 shares, while 20 investors held positions by with 21,627,120 shares. The mentioned changes placed institutional holdings at 46,911,809 shares, according to the latest SEC report filing. BLI stock had 29 new institutional investments in for a total of 2,362,106 shares, while 47 institutional investors sold positions of 5,360,187 shares during the same period.