Bioline RX Ltd to Post FY2022 Earnings of $0.04 Per Share, Oppenheimer Forecasts (BLRX)

Bioline RX Ltd (NASDAQ:BLRX) – Investment analysts at Oppenheimer issued their FY2022 earnings estimates for shares of Bioline RX in a report issued on Wednesday. Oppenheimer analyst M. Breidenbach expects that the biotechnology company will post earnings per share of $0.04 for the year. Oppenheimer has a “Buy” rating and a $3.00 price objective on the stock.

Bioline RX (NASDAQ:BLRX) last posted its quarterly earnings data on Tuesday, November 21st. The biotechnology company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.02).

A number of other equities analysts have also commented on BLRX. Zacks Investment Research raised Bioline RX from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. HC Wainwright reaffirmed a “buy” rating on shares of Bioline RX in a research note on Tuesday, September 26th. ValuEngine raised Bioline RX from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, Maxim Group set a $3.00 price objective on Bioline RX and gave the stock a “buy” rating in a research note on Monday, December 4th. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. Bioline RX currently has a consensus rating of “Hold” and a consensus target price of $2.88.

Bioline RX (NASDAQ:BLRX) traded down $0.02 during trading on Thursday, hitting $1.09. The company had a trading volume of 472,664 shares, compared to its average volume of 842,798. The firm has a market capitalization of $117.96, a price-to-earnings ratio of -3.36 and a beta of 0.88. Bioline RX has a one year low of $0.80 and a one year high of $1.38.

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About Bioline RX

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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