The stock price of Bioline Rx Ltd ADR (NASDAQ: BLRX) has plunged by -23.20 when compared to previous closing price of 1.12, but the company has seen a -37.67% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-02-25 that In almost every situation, investors should stay away from penny stocks. They’re extremely speculative and they tend to facilitate delusions of grandeur.
Is It Worth Investing in Bioline Rx Ltd ADR (NASDAQ: BLRX) Right Now?
The 36-month beta value for BLRX is at 1.38. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BLRX is 72.04M, and currently, shorts hold a 0.45% of that float. The average trading volume for BLRX on April 02, 2024 was 320.13K shares.
BLRX’s Market Performance
BLRX’s stock has seen a -37.67% decrease for the week, with a -35.32% drop in the past month and a -44.86% fall in the past quarter. The volatility ratio for the week is 12.59%, and the volatility levels for the past 30 days are at 8.62% for Bioline Rx Ltd ADR The simple moving average for the past 20 days is -28.75% for BLRX’s stock, with a -42.94% simple moving average for the past 200 days.
Analysts’ Opinion of BLRX
Many brokerage firms have already submitted their reports for BLRX stocks, with Maxim Group repeating the rating for BLRX by listing it as a “Buy.” The predicted price for BLRX in the upcoming period, according to Maxim Group is $3 based on the research report published on May 18, 2017 of the previous year 2017.
Rodman & Renshaw, on the other hand, stated in their research note that they expect to see BLRX reach a price target of $3. The rating they have provided for BLRX stocks is “Buy” according to the report published on February 13th, 2017.
Maxim Group gave a rating of “Hold” to BLRX, setting the target price at $1 in the report published on August 12th of the previous year.
BLRX Trading at -28.64% from the 50-Day Moving Average
After a stumble in the market that brought BLRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.00% of loss for the given period.
Volatility was left at 8.62%, however, over the last 30 days, the volatility rate increased by 12.59%, as shares sank -35.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.28% lower at present.
During the last 5 trading sessions, BLRX fell by -37.67%, which changed the moving average for the period of 200-days by -51.67% in comparison to the 20-day moving average, which settled at $1.1838. In addition, Bioline Rx Ltd ADR saw -45.21% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BLRX
Current profitability levels for the company are sitting at:
- -8.96 for the present operating margin
- 0.09 for the gross margin
The net margin for Bioline Rx Ltd ADR stands at -13.32. The total capital return value is set at -1.3. Equity return is now at value -189.23, with -86.40 for asset returns.
Based on Bioline Rx Ltd ADR (BLRX), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at -2.19. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is -20.05.
Currently, EBITDA for the company is -41.61 million with net debt to EBITDA at -0.14. When we switch over and look at the enterprise to sales, we see a ratio of 17.37. The receivables turnover for the company is 6.78for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In conclusion, Bioline Rx Ltd ADR (BLRX) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
