Biolase Inc (BIOL): A Case For Going Higher

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. Recently, Yahoo Finance discussed the stock, revealing that Biolase Reports Full-Year 2023 Results; Expects Continued Revenue Growth In 2024.

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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 $0.19 and fluctuated between $0.2134 as its day high and $0.1891 as its day low. The current market capitalization of Biolase Inc is $6.28M. A total of 4.85 million shares were traded on the day, compared to an average of 5.29M shares.

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. In terms of 52-week highs and lows, BIOL has a high of $47.10 and a low of $0.13.

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. BIOL’s latest balance sheet shows that the firm has $29.97M in Cash & Short Term Investments as of fiscal 2021. There were $15.46M in debt and $13.84M in liabilities at the time. Its Book Value Per Share was -$0.07, while its Total Shareholder’s Equity was $25.21M.

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 BIOL is Buy with a score of 5.00.

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