Biodesix Inc [NASDAQ: BDSX] jumped around 0.01 points on Thursday, while shares priced at $1.20 at the close of the session, up 0.84%.
Compared to the average trading volume of 283.74K shares, BDSX reached a trading volume of 5231060 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Biodesix Inc [BDSX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BDSX shares is $3.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BDSX stock is a recommendation set at 1.00. 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.
Scotiabank have made an estimate for Biodesix Inc shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on September 16, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price to Buy. The new note on the price target was released on July 26, 2024, representing the official price target for Biodesix Inc stock. Previously, the target price had yet another raise to $2.80, while TD Cowen analysts kept a Buy rating on BDSX stock.
The Average True Range (ATR) for Biodesix Inc is set at 0.10, with the Price to Sales ratio for BDSX stock in the period of the last 12 months amounting to 2.66. The Price to Book ratio for the last quarter was 6.27, with the Price to Cash per share for the same quarter was set at 0.22.
How has BDSX stock performed recently?
Biodesix Inc [BDSX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.29. With this latest performance, BDSX shares dropped by -24.05% in over the last four-week period, additionally sinking by -14.89% over the last 6 months – not to mention a drop of -9.09% 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 BDSX stock in for the last two-week period is set at 28.77, with the RSI for the last a single of trading hit 24.50, and the three-weeks RSI is set at 31.99 for Biodesix Inc [BDSX]. The present Moving Average for the last 50 days of trading for this stock 1.5766, while it was recorded at 1.2470 for the last single week of trading, and 1.5547 for the last 200 days.
Biodesix Inc [BDSX]: Deeper insight into the fundamentals
Biodesix Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.40.
Earnings analysis for Biodesix Inc [BDSX]
With the latest financial reports released by the company, Biodesix Inc posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 BDSX.
Insider trade positions for Biodesix Inc [BDSX]
There are presently around $38.64%, or 73.07%% of BDSX stock, in the hands of institutional investors. The top three institutional holders of BDSX stocks are: TELEMARK ASSET MANAGEMENT, LLC with ownership of 8.28 million shares, which is approximately 8.5241%. SOLEUS CAPITAL MANAGEMENT, L.P., holding 6.11 million shares of the stock with an approximate value of $$9.35 million in BDSX stocks shares; and SOLEUS CAPITAL MANAGEMENT, L.P., currently with $$8.84 million in BDSX stock with ownership which is approximately 5.9484%.
