Stock Rating Upgrade
The Value Trend Rating for Biolife Solutions Inc (NASDAQ: BLFS) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Biolife Solutions Inc (NASDAQ: BLFS) stock increased 1.1% on 4/8/24. The shares closed at $17.31. However, this advance was accompanied by below average trading volume at 70% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, BLFS is expected to continue to be a modest Value Eraser.
Biolife Solutions has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Biolife Solutions has a poor Appreciation Score of 18 but a good Power Rating of 70, resulting in the Low Neutral Value Trend Rating.
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