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Tuesday, January 31, 2023

It’s Not Over Yet For BIOLASE Inc. (NASDAQ: BIOL)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for BIOLASE Inc. (BIOL) shows that investor sentiment remained same, with the stock’s consolidated last price remained same by $0.00, or 0.00%, to $0.43. The BIOLASE Inc. has recorded 36,569 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that BIOLASE INC. ANNOUNCES PRICING OF APPROXIMATELY $9.75 MILLION UNDERWRITTEN PUBLIC OFFERING.

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Stocks Info

BIOLASE Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Medical Devices industry. At the end of the last regular session, the stock closed at $0.43 and fluctuated between $0.4500 as its day high and $0.3945 as its day low. The current market capitalization of BIOLASE Inc. is $3.08M. A total of 2.87 million shares were traded on the day, compared to an average of 251.30K shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BIOL has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 3,537 shares. Over the last 12 months, there were 0 BUYs and 1 SELLs from insiders. Insiders purchased 0 shares during that period but sold 3,537.

In the most recent transaction, LORD JONATHAN T MD sold 3,537 shares of BIOL for 0.75 per share on Dec 07. After the transaction, the Director now owns 59,925 company shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BIOL in the last 3 months, the mean price target is $9.50 with high estimates of $14.00 and low estimates of $5.00. In terms of 52-week highs and lows, BIOL has a high of $10.84 and a low of $0.37.

As of this writing, BIOL has an earnings estimate of -$0.84 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.8 per share and a lower estimate of -$0.9. The company reported an EPS of -$0.81 in the last quarter, which was -19.10% lower than expectations of -$0.68.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BIOL is Buy with a score of 5.00. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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