BioCardia Inc. (NASDAQ:BCDA) has a beta of 1.93. The stock’s Relative Strength Index (RSI) is 29.47, with weekly volatility at 16.14% and ATR at 0.34. The BCDA stock’s 52-week price range has touched low of $2.01 and a $17.50 high. Its shares traded lower over the last trading session, losing -4.44% on 06/29/20. The shares fell to a low of $2.28 before closing at $2.37. Intraday shares traded counted 0.28 million, which was -101.19% lower than its 30-day average trading volume of 138.69K. BCDA’s previous close was $2.48 while the outstanding shares total 6.83M.
Investors have identified the Biotechnology company BioCardia Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $27.61 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
BioCardia Inc. (BCDA) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 3219000 million total, with 4510000 million as their total liabilities.
BCDA were able to record -3.0 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -3.0 million. In cash movements, the company had a total of -2.99 million as operating cash flow.
Potential earnings growth for BioCardia Inc. (BCDA)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, BioCardia Inc. recorded a total of 38000.0 in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -468.42% coming in sequential stages and their sales for the third quarter reducing by -463.16%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 4000.0 trying to sell their products during the last quarter, with the result yielding a gross income of 34000.0. This allows shareholders to hold on to 6.83M with the revenue now reading -0.67 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.32 cents a share).
Having a look at the company’s valuation, the company is expected to record -2.61 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BCDA sounds very interesting.
Is the stock of BCDA attractive?
In related news, Director, Allen Jim L. bought 142,850 shares of the company’s stock in a transaction that recorded on Jun 19. The purchase was performed at an average price of 2.10, for a total value of 299,985. As the purchase deal closes, the Director, STERTZER SIMON H now bought 142,850 shares of the company’s stock, valued at 299,985. Also, Director, Blank Andrew Scott bought 142,850 shares of the company’s stock in a deal that was recorded on Jun 19. The shares were cost at an average price of 2.10 per share, with a total market value of 299,985. Following this completion of disposal, the President and CEO, Altman Peter now holds 1,200 shares of the company’s stock, valued at 3,480. In the last 6 months, insiders have changed their ownership in shares of company stock by 12.30%.