Berkeley Lights Inc. (NASDAQ: BLI) dip is a big Buy opportunity

Berkeley Lights Inc. (NASDAQ: BLI) is -1.86% lower on its value in year-to-date trading and has touched a low of $50.26 and a high of $113.53 in the current 52-week trading range. The BLI stock was last observed hovering at around $87.75 in the last trading session, with the day’s loss setting it -5.86% off its average median price target of $97.00 for the next 12 months. It is also 18.11% off the consensus price target high of $100.00 offered by 5 analysts, but current levels are -2.36% lower than the price target low of $80.00 for the same period.

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Currently trading at $81.89, the stock is -10.85% and -5.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -6.68% at the moment leaves the stock 8.44% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $88.54 and a 200-day simple moving average (SMA200) of $75.51.

The stock witnessed a -2.50% in the last 1 month and extending the period to 3 months gives it a 4.95%, and is -1.02% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.43% over the week and 9.72% over the month.

Berkeley Lights Inc. (BLI) has around 210 employees, a market worth around $5.66B and $59.20M in sales. Distance from 52-week low is 62.93% and -27.87% from its 52-week high. The company has generated returns on investments over the last 12 months (13.70%).

Berkeley Lights Inc. (BLI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Berkeley Lights Inc. (BLI) is a “Buy”. 5 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Berkeley Lights Inc. is expected to release its quarterly report on 06/02/2021 and quarterly earnings per share for the current quarter are estimated at -$0.2 with sales reaching $19.12M over the same period.The EPS is expected to grow by 19.00% this year.

Berkeley Lights Inc. (BLI) Top Institutional Holders

109 institutions hold shares in Berkeley Lights Inc. (BLI), with 37.17M shares held by insiders accounting for 57.75% while institutional investors hold 64.91% of the company’s shares. The shares outstanding are 64.36M, and float is at 27.20M with Short Float at 4.30%. Institutions hold 27.43% of the Float.

The top institutional shareholder in the company is SC US (TTGP) Ltd with over 8.05 million shares valued at $614.55 million. The investor’s holdings represent 12.50% of the BLI Shares outstanding. As of Sep 29, 2020, the second largest holder is FMR, LLC with 1.03 million shares valued at $78.93 million to account for 1.61% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 0.75 million shares representing 1.16% and valued at over $57.06 million, while Blackrock Inc. holds 1.00% of the shares totaling 0.64 million with a market value of $49.22 million.

Berkeley Lights Inc. (BLI) Insider Activity

A total of 21 insider transactions have happened at Berkeley Lights Inc. (BLI) in the last six months, with sales accounting for 6 and purchases happening 15 times. The most recent transaction is an insider sale by KHANDROS IGOR Y, the company’s Director. SEC filings show that KHANDROS IGOR Y sold 159,692 shares of the company’s common stock on Dec 10 at a price of $82.56 per share for a total of $13.18 million. Following the sale, the insider now owns 10.21 million shares.

Berkeley Lights Inc. disclosed in a document filed with the SEC on Dec 10 that WIIG Communications Management (10% Owner) sold a total of 183,018 shares of the company’s common stock. The trade occurred on Dec 10 and was made at $82.56 per share for $15.11 million. Following the transaction, the insider now directly holds 12.28 million shares of the BLI stock.

Still, SEC filings show that on Dec 10, MARKS MICHAEL E (Director) disposed off 55,162 shares at an average price of $82.56 for $4.55 million. The insider now directly holds 3,700,007 shares of Berkeley Lights Inc. (BLI).

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