Bone Biologics Corp (NASDAQ: BBLG) stock fell -21.79% on Friday to $0.61 against a previous-day closing price of $0.78. With 2.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.01 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $0.6100 whereas the lowest price it dropped to was $0.4700. The 52-week range on BBLG shows that it touched its highest point at $13.20 and its lowest point at $0.47 during that stretch. It currently has a 1-year price target of $37.50.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BBLG was up-trending over the past week, with a rise of 20.10%, but this was down by -0.81% over a month. Three-month performance dropped to -24.41% while six-month performance fell -86.36%. The stock lost -93.91% in the past year, while it has lost -90.30% so far this year. A look at the trailing 12-month EPS for BBLG yields -10.05 with Next year EPS estimates of -3.73. For the next quarter, that number is -0.61. This implies an EPS growth rate of -60.30% for this year and -15.48% for next year.
Float and Shares Shorts:
At present, 3.13 million BBLG shares are outstanding with a float of 2.73 million shares on hand for trading. On Oct 30, 2023, short shares totaled 9330.0, which was 0.30% higher than short shares on Sep 28, 2023. In addition to Mr. Jeffrey Frelick as the firm’s CEO & President, Ms. Deina H. Walsh serves as its Chief Financial Officer.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BBLG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BBLG analysts setting a high price target of $7.50 and a low target of $7.50, the average target price over the next 12 months is $7.50. Based on these targets, BBLG could surge 1129.51% to reach the target high and rise by 1129.51% to reach the target low. Reaching the average price target will result in a growth of 1129.51% from current levels.
Summary of Insider Activity:
Insiders traded BBLG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 0 while 500,137 shares were sold.