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Wednesday, February 8, 2023

Berkeley Lights Inc. (NASDAQ: BLI) Could Achieve Gains In The Near Future

After Hours

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. After-hours trades for Berkeley Lights Inc. (BLI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.11, or 4.93%, to $2.34. The Berkeley Lights Inc. has recorded 1,222 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Berkeley Lights Reports Preliminary Full Year 2022 Revenue Results.

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Stocks Info

Berkeley Lights Inc. is listed on the NASDAQ in the Healthcare sector while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $2.23 and fluctuated between $2.2800 as its day high and $2.1900 as its day low. The current market capitalization of Berkeley Lights Inc. is $152.91M. A total of 0.66 million shares were traded on the day, compared to an average of 1.05M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BLI has seen 0 BUY and 10 SELL insider trades, representing the acquisition of 0 and the disposition of 68,329 shares. Over the last 12 months, there were 21 BUYs and 36 SELLs from insiders. Insiders purchased 2,225,085 shares during that period but sold 406,058.

In the most recent transaction, McClaskey James Paul sold 122 shares of BLI for 1.99 per share on Oct 20. After the transaction, the SVP, Chief Accounting Officer now owns 67,231 company shares. In a previous transaction on May 13, Hobbs Eric sold 7,531 shares at 4.97 per share. BLI shares that insider owns now total 182,725.

Among the insiders who sold shares, Hobbs Eric disposed of 123,062 shares on May 12 at a per-share price of $4.31. This resulted in the insider holding 190,256 shares of BLI after the transaction. In another insider transaction, Hobbs Eric sold 98,011 shares at $4.18 per share on May 11. Company shares held by the insider now total 313,318.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BLI in the last 3 months, the mean price target is $10.25 with high estimates of $18.00 and low estimates of $5.00. In terms of 52-week highs and lows, BLI has a high of $10.50 and a low of $1.83.

As of this writing, BLI has an earnings estimate of -$0.3 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.21 per share and a lower estimate of -$0.36. The company reported an EPS of -$0.32 in the last quarter, which was -3.20% lower than expectations of -$0.31.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 7 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 BLI is Overweight with a score of 3.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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