How Will the Market React to Berkeley Lights Inc (BLI) Stock Getting a Bearish Rating

Thursday, March 02, 2023 03:02 PM | InvestorsObserver Analysts

Mentioned in this article

How Will the Market React to Berkeley Lights Inc (BLI) Stock Getting a Bearish Rating

Overall market sentiment has been down on Berkeley Lights Inc (BLI) stock lately. BLI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Berkeley Lights Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BLI!

See Full BLI Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With BLI Stock Today?

Berkeley Lights Inc (BLI) stock is trading at $1.69 as of 3:01 PM on Thursday, Mar 2, an increase of $0.07, or 4.32% from the previous closing price of $1.62. The stock has traded between $1.58 and $1.69 so far today. Volume today is less active than usual. So far 299,453 shares have traded compared to average volume of 800,824 shares.

More About Berkeley Lights Inc

Berkeley Lights Inc is a digital cell biology company focused on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products. The Berkeley Lights platform captures deep phenotypic, functional, and genotypic information for thousands of single cells in parallel and can also deliver the live biology customers desire in the form of the best cells. The Berkeley Lights Platform is a fully integrated, end-to-end solution, comprised of proprietary consumables, including its OptoSelect chips and reagent kits, advanced automation systems, and advanced application and workflow software. The company operates in North America, Asia Pacific, and Europe, with North America deriving nearly half of the revenue. Click Here to get the full Stock Report for Berkeley Lights Inc stock.