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Saturday, December 9, 2023

Taking On Challenges And Growing? – Bone Biologics Corp (BBLG)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Bone Biologics Corp (BBLG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -9.84%, to $0.55. The Bone Biologics Corp has recorded 29,563 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Bone Biologics Announces Registered Direct Offering Priced At-the-Market Under Nasdaq Rules.

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Stocks Info

This NASDAQ-listed company operates within the Medical Devices industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $0.61 and fluctuated between $0.6100 as its day high and $0.4700 as its day low. The current market capitalization of Bone Biologics Corp is $1.91M. A total of 2.22 million shares were traded on the day, compared to an average of 1.01M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BBLG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 1 SELLs from insiders. Insiders purchased 0 shares during that period but sold 500,137.

In the most recent transaction, Walsh Deina H bought 8,000 shares of BBLG for 0.64 per share on Sep 13. After the transaction, the Chief Financial Officer now owns 15,000 company shares. In a previous transaction on Sep 11, Frelick Jeff bought 9,500 shares at 0.69 per share. BBLG shares that Chief Executive Officer owns now total 17,204.

Among the insiders who bought shares, Walsh Deina H acquired of 7,000 shares on Sep 06 at a per-share price of $0.71. This resulted in the Chief Financial Officer holding 7,000 shares of BBLG after the transaction. In another insider transaction, Frelick Jeff bought 7,600 shares at $0.66 per share on Aug 31. Company shares held by the Chief Executive Officer now total 7,704.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BBLG in the last 3 months, the mean price target is $7.50 with high estimates of $7.50 and low estimates of $7.50. In terms of 52-week highs and lows, BBLG has a high of $13.20 and a low of $0.47.

As of this writing, BBLG has an earnings estimate of -$0.61 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.61 per share and a lower estimate of -$0.61. The company reported an EPS of -$6.9 in the last quarter, which was -228.60% lower than expectations of -$2.1.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BBLG’s latest balance sheet shows that the firm has $6.68M in Cash & Short Term Investments as of fiscal 2021. There were $11.72M in debt and $99.91k in liabilities at the time. Its Book Value Per Share was $4.98, while its Total Shareholder’s Equity was $6.58M.

Analysts Opinion

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. Currently, 0 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 BBLG is Buy with a score of 5.00.

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