Bridgeline Digital Inc (NASDAQ: BLIN) is 54.02% higher on its value in year-to-date trading and has touched a low of $0.75 and a high of $1.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BLIN stock was last observed hovering at around $1.49 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $1.34, the stock is 6.06% and 13.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -10.07% at the moment leaves the stock 21.65% off its SMA200. BLIN registered 72.46% gain for a year compared to 6-month gain of 31.37%. The firm has a 50-day simple moving average (SMA 50) of $1.1838 and a 200-day simple moving average (SMA200) of $1.10175.
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The stock witnessed a 21.82% loss in the last 1 month and extending the period to 3 months gives it a 11.67%, and is 1.90% up 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 17.18% over the week and 9.74% over the month.
Bridgeline Digital Inc (BLIN) has around 55 employees, a market worth around $13.96M and $15.29M in sales. Profit margin for the company is -62.72%. Distance from 52-week low is 78.67% and -16.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-89.70%).
with sales reaching $3.87M over the same period.The EPS is expected to shrink by -108.33% this year, but quarterly earnings will post -3.40% year-over-year. Quarterly sales are estimated to grow 1.83% in year-over-year returns.
12.0 institutions hold shares in Bridgeline Digital Inc (BLIN), with institutional investors hold 4.70% of the company’s shares. The shares outstanding are 10.42M, and float is at 8.38M with Short Float at 0.32%. Institutions hold 3.78% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.37 million shares valued at $0.34 million. The investor’s holdings represent 3.5196 of the BLIN Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 98729.0 shares valued at $90831.0 to account for 0.9477 of the shares outstanding. The other top investors are KESTRA PRIVATE WEALTH SERVICES, LLC which holds 70000.0 shares representing 0.6719 and valued at over $64400.0, while GEODE CAPITAL MANAGEMENT, LLC holds 0.6001 of the shares totaling 62513.0 with a market value of $57549.0.
Bridgeline Digital Inc (BLIN) Insider Activity
The most recent transaction is an insider purchase by Kahn Roger E., the company’s President and CEO. SEC filings show that Kahn Roger E. bought 2,500 shares of the company’s common stock on Sep 13 ’24 at a price of $1.04 per share for a total of $2600.0. Following the purchase, the insider now owns 1.0 million shares.
Bridgeline Digital Inc disclosed in a document filed with the SEC on Aug 22 ’24 that TAGLICH MICHAEL N (Director) bought a total of 20,603 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $0.89 per share for $18337.0. Following the transaction, the insider now directly holds 82831.0 shares of the BLIN stock.
Still, SEC filings show that on Aug 20 ’24, Kahn Roger E. (President and CEO) acquired 60,000 shares at an average price of $0.85 for $51000.0. The insider now directly holds 995,308 shares of Bridgeline Digital Inc (BLIN).
