Somewhat Positive News Coverage Somewhat Unlikely to Affect Biolase (BIOL) Stock Price
Media coverage about Biolase (NASDAQ:BIOL) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Biolase earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave press coverage about the medical technology company an impact score of 44.8085393749219 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Biolase (NASDAQ BIOL) traded down $0.01 on Monday, reaching $0.44. 54,200 shares of the company’s stock traded hands, compared to its average volume of 167,314. The firm has a market cap of $32.71, a PE ratio of -1.33 and a beta of 2.30. Biolase has a 12 month low of $0.28 and a 12 month high of $1.87.
Separately, ValuEngine raised shares of Biolase from a “sell” rating to a “hold” rating in a report on Monday, October 2nd.
In other news, major shareholder Larry N. Feinberg acquired 12,545,615 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were bought at an average cost of $0.43 per share, with a total value of $5,394,614.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 7.10% of the company’s stock.
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Biolase Company Profile
BIOLASE, Inc (BIOLASE) is a medical device company that develops, manufactures, markets and sells laser systems in dentistry and medicine. The Company markets, sells, and distributes dental imaging equipment, including cone beam digital x-rays and computer-aided design (CAD)/computer-aided manufacturing (CAM) intra-oral scanners, in-office, chair-side milling machines and three-dimensional (3-D) printers.
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