Bluejay Diagnostics Inc (NASDAQ: BJDX) has seen a decline in its stock price by -17.75 in relation to its previous close of 0.55. However, the company has experienced a -21.38% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-28 that ACTON, Mass., June 28, 2024 (GLOBE NEWSWIRE) — Bluejay Diagnostics, Inc. (NASDAQ: BJDX) (“Bluejay” or the “Company”), a medical technology company developing rapid diagnostics on its Symphony platform to improve patient outcomes in critical care settings, today announced the closing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $8.75 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The base offering consisted of 5,368,098 Common Units or Prefunded Units, each Unit consisting of one share of the Company’s common stock (“Common Stock”) or one pre-funded warrant to purchase one share of Common Stock (each, a “Prefunded Warrant”), two Class C warrants each to purchase one share of our common stock (each, a “Class C Warrant”) and one Class D Warrant to purchase such number of shares of common stock as determined in the Class D Warrant (each, a “Class D Warrant” and together with the Class C Warrants, the “Common Warrants”). The purchase price of each Common Unit is $1.63, and the purchase price of each Prefunded Unit is $1.6299 (which is equal to the public offering price per Common Unit minus $0.0001). The Prefunded Warrants will be immediately exercisable and may be exercised at any time until all the Prefunded Warrants are exercised in full.
Is It Worth Investing in Bluejay Diagnostics Inc (NASDAQ: BJDX) Right Now?
Moreover, the 36-month beta value for BJDX is 0.67. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BJDX is 0.48M and currently, short sellers hold a 7.86% of that float. On August 06, 2024, BJDX’s average trading volume was 1.18M shares.
BJDX’s Market Performance
BJDX stock saw a decrease of -21.38% in the past week, with a monthly decline of -24.14% and a quarterly a decrease of -89.66%. The volatility ratio for the week is 23.02%, and the volatility levels for the last 30 days are 15.75% for Bluejay Diagnostics Inc (BJDX). The simple moving average for the last 20 days is -21.59% for BJDX stock, with a simple moving average of -95.62% for the last 200 days.
BJDX Trading at -78.51% from the 50-Day Moving Average
After a stumble in the market that brought BJDX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.49% of loss for the given period.
Volatility was left at 15.75%, however, over the last 30 days, the volatility rate increased by 23.02%, as shares sank -19.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -88.58% lower at present.
During the last 5 trading sessions, BJDX fell by -21.39%, which changed the moving average for the period of 200-days by -98.63% in comparison to the 20-day moving average, which settled at $0.5714. In addition, Bluejay Diagnostics Inc saw -95.36% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BJDX starting from Dey Indranil, who purchase 500 shares at the price of $3.27 back on Dec 13 ’23. After this action, Dey Indranil now owns 28,526 shares of Bluejay Diagnostics Inc, valued at $1,635 using the latest closing price.
Dey Svetlana, the Director of Bluejay Diagnostics Inc, purchase 500 shares at $3.07 during a trade that took place back on Dec 13 ’23, which means that Dey Svetlana is holding 1,500 shares at $1,535 based on the most recent closing price.
Stock Fundamentals for BJDX
Current profitability levels for the company are sitting at:
- -6.94 for the present operating margin
- 0.53 for the gross margin
The net margin for Bluejay Diagnostics Inc stands at -6.72. The total capital return value is set at -2.83. Equity return is now at value -155.50, with -122.06 for asset returns.
Based on Bluejay Diagnostics Inc (BJDX), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -24.71. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -33.52.
Currently, EBITDA for the company is -9.53 million with net debt to EBITDA at 0.25. When we switch over and look at the enterprise to sales, we see a ratio of -1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.26.
Conclusion
To wrap up, the performance of Bluejay Diagnostics Inc (BJDX) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
