Zacks: Brokerages Anticipate Bioline RX Ltd (BLRX) Will Announce Earnings of -$0.07 Per Share

Equities research analysts forecast that Bioline RX Ltd (NASDAQ:BLRX) will post ($0.07) earnings per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Bioline RX’s earnings. Bioline RX reported earnings per share of ($0.08) in the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The firm is scheduled to issue its next earnings report on Thursday, May 24th.

On average, analysts expect that Bioline RX will report full year earnings of ($0.31) per share for the current fiscal year, with EPS estimates ranging from ($0.34) to ($0.28). For the next year, analysts forecast that the firm will report earnings of ($0.33) per share, with EPS estimates ranging from ($0.37) to ($0.28). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Bioline RX.

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Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Bioline RX from a “hold” rating to a “sell” rating in a report on Thursday, March 8th. HC Wainwright reissued a “buy” rating and set a $4.00 price objective on shares of Bioline RX in a report on Tuesday, March 6th. Oppenheimer assumed coverage on shares of Bioline RX in a report on Thursday, December 21st. They set a “buy” rating and a $3.00 price objective on the stock. Maxim Group set a $3.00 price objective on shares of Bioline RX and gave the company a “buy” rating in a report on Monday, December 4th. Finally, ValuEngine raised shares of Bioline RX from a “strong sell” rating to a “sell” rating in a report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $2.85.

Shares of Bioline RX (NASDAQ BLRX) traded up $0.02 during mid-day trading on Friday, reaching $0.98. 499,274 shares of the company traded hands, compared to its average volume of 583,802. The stock has a market capitalization of $100.05, a price-to-earnings ratio of -3.63 and a beta of 0.15. Bioline RX has a 12 month low of $0.80 and a 12 month high of $1.34.

An institutional investor recently raised its position in Bioline RX stock. Renaissance Technologies LLC raised its position in Bioline RX Ltd (NASDAQ:BLRX) by 60.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 434,700 shares of the biotechnology company’s stock after acquiring an additional 164,500 shares during the period. Renaissance Technologies LLC owned approximately 0.41% of Bioline RX worth $474,000 as of its most recent filing with the Securities & Exchange Commission. 35.39% of the stock is currently owned by institutional investors.

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Bioline RX Company Profile

BioLine RX Ltd is an Israel-based company engaged in the development of therapeutics, from preclinical-stage development to advanced clinical trials, for a range of medical needs. Its clinical therapeutic candidates under development consist of BL-1020 that is in Phase II/III clinical trials to improve cognitive function in schizophrenia patients; BL-1040, which is under pivotal CE-Mark registration trial for the prevention of cardiac remodeling following an acute myocardial infarction; BL-5010, which has completed Phase I/II clinical trials for non-surgical removal of skin lesions; BL-1021 that has completed Phase Ia clinical trial for the treatment of neuropathic pain or pain that results from damage to nerve fibers, and BL-7040, a synthetic oligonucleotide, which is in Phase II clinical trial for the treatment of inflammatory bowel disease.

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