Market Momentum: Biodesix Inc (BDSX) Registers a -1.86 Decrease, Closing at 1.58

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Biodesix Inc (NASDAQ: BDSX) closed the day trading at $1.58 down -1.86% from the previous closing price of $1.61. In other words, the price has decreased by -$1.86 from its previous closing price. On the day, 0.93 million shares were traded. BDSX stock price reached its highest trading level at $1.72 during the session, while it also had its lowest trading level at $1.5624.

Ratios:

For a better understanding of BDSX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.21 and its Current Ratio is at 3.28. In the meantime, Its Debt-to-Equity ratio is 1.70 whereas as Long-Term Debt/Eq ratio is at 1.69.

On July 26, 2024, Craig Hallum started tracking the stock assigning a Buy rating and target price of $3.

On May 13, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $2.80.TD Cowen initiated its Buy rating on May 13, 2024, with a $2.80 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 09 ’24 when Vazquez Chris sold 155 shares for $1.60 per share. The transaction valued at 248 led to the insider holds 11,242 shares of the business.

Vazquez Chris sold 54 shares of BDSX for $85 on Aug 12 ’24. The Chief Accounting Officer now owns 11,188 shares after completing the transaction at $1.57 per share. On Aug 09 ’24, another insider, Pestano Gary Anthony, who serves as the Chief Development Officer of the company, sold 320 shares for $1.60 each. As a result, the insider received 512 and left with 126,187 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BDSX now has a Market Capitalization of 233735728 and an Enterprise Value of 249758864. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.77 while its Price-to-Book (P/B) ratio in mrq is 6.32. Its current Enterprise Value per Revenue stands at 4.101 whereas that against EBITDA is -8.748.

Stock Price History:

Over the past 52 weeks, BDSX has reached a high of $2.21, while it has fallen to a 52-week low of $1.15. The 50-Day Moving Average of the stock is -9.28%, while the 200-Day Moving Average is calculated to be -2.16%.

Shares Statistics:

Over the past 3-months, BDSX traded about 132.88K shares per day on average, while over the past 10 days, BDSX traded about 198370 shares per day. A total of 96.24M shares are outstanding, with a floating share count of 76.49M. Insiders hold about 47.31% of the company’s shares, while institutions hold 36.81% stake in the company. Shares short for BDSX as of 1727654400 were 419685 with a Short Ratio of 3.16, compared to 1724976000 on 357465. Therefore, it implies a Short% of Shares Outstanding of 419685 and a Short% of Float of 0.45999999999999996.

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