BIOLINERX LTD/S (BLRX) Sees Strong Trading Volume

BIOLINERX LTD/S (NASDAQ:BLRX) shares saw unusually-high trading volume on Thursday . Approximately 1,480,208 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 646,678 shares.The stock last traded at $0.67 and had previously closed at $0.66.

BLRX has been the subject of a number of recent analyst reports. Maxim Group restated a “buy” rating and issued a $2.00 price objective on shares of BIOLINERX LTD/S in a research report on Monday, August 13th. HC Wainwright set a $4.00 price objective on shares of BIOLINERX LTD/S and gave the company a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research upgraded shares of BIOLINERX LTD/S from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a research report on Thursday, August 16th. ValuEngine upgraded shares of BIOLINERX LTD/S from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Finally, Oppenheimer set a $3.00 price objective on shares of BIOLINERX LTD/S and gave the company a “buy” rating in a research report on Friday, November 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $2.50.

The stock has a market cap of $70.39 million, a P/E ratio of -2.49 and a beta of 0.84.

BIOLINERX LTD/S (NASDAQ:BLRX) last announced its quarterly earnings data on Thursday, November 8th. The biotechnology company reported ($0.06) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.06). As a group, sell-side analysts anticipate that BIOLINERX LTD/S will post -0.22 earnings per share for the current year.

An institutional investor recently bought a new position in BIOLINERX LTD/S stock. Fosun International Ltd bought a new stake in BIOLINERX LTD/S (NASDAQ:BLRX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,357,415 shares of the biotechnology company’s stock, valued at approximately $1,412,000. Fosun International Ltd owned approximately 1.27% of BIOLINERX LTD/S at the end of the most recent quarter. 36.01% of the stock is currently owned by institutional investors.

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BioLineRx Ltd., a clinical stage biopharmaceutical development company focused on oncology and immunology. Its development pipeline consists of clinical-stage therapeutic candidates, which include BL-8040, a peptide for the treatment of multiple cancer and hematological indications; AGI-134, an immuno-oncology agent in development for solid tumors; and BL-5010, a customized, proprietary, pen-like applicator for the non-surgical removal of benign skin lesions.

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