Bone Biologics Corporation (NASDAQ: BBLG) is -14.16% lower on its value in year-to-date trading and has touched a low of $0.14 and a high of $1.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BBLG stock was last observed hovering at around $0.17 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $4.50 for the next 12 months. It is also 97.33% off the consensus price target high of $6.75 offered by 1 analysts, but current levels are 92.0% higher than the price target low of $2.25 for the same period.
Currently trading at $0.18, the stock is -10.62% and -21.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.24 million and changing 9.09% at the moment leaves the stock -65.18% off its SMA200. BBLG registered -89.41% loss for a year compared to 6-month loss of -41.94%. The firm has a 200-day simple moving average (SMA200) of -$3.94.
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The stock witnessed a -28.66% gain in the last 1 month and extending the period to 3 months gives it a -45.78%, and is -6.69% 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 20.24% over the week and 16.73% over the month.
Distance from 52-week low is 28.57% and -90.86% from its 52-week high.
Bone Biologics Corporation (BBLG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Bone Biologics Corporation (BBLG) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Bone Biologics Corporation is expected to release its quarterly report on 08/30/2023.The EPS is expected to grow by 63.40% this year.
Bone Biologics Corporation (BBLG) Top Institutional Holders
The shares outstanding are 14.64M, and float is at 8.10M with Short Float at 1.33%.
Bone Biologics Corporation (BBLG) Insider Activity
A total of 1 insider transactions have happened at Bone Biologics Corporation (BBLG) in the last six months, with sales accounting for 1 and purchases happening 0 times.