BioLife Solutions, Inc. (NASDAQ:BLFS) Earns “Buy” Rating from Maxim Group

BioLife Solutions, Inc. (NASDAQ:BLFS)‘s stock had its “buy” rating reaffirmed by analysts at Maxim Group in a report released on Monday, July 31st. They presently have a $5.00 price objective on the medical equipment provider’s stock. Maxim Group’s price objective indicates a potential upside of 14.94% from the company’s current price.

Separately, Janney Montgomery Scott raised BioLife Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $2.62 to $5.00 in a research note on Wednesday, July 5th.

Shares of BioLife Solutions (NASDAQ:BLFS) traded down 5.23% during midday trading on Monday, hitting $4.35. The stock had a trading volume of 168,018 shares. The firm’s 50-day moving average price is $3.44 and its 200-day moving average price is $2.44. The stock’s market cap is $57.54 million. BioLife Solutions has a 1-year low of $1.43 and a 1-year high of $4.70.

BioLife Solutions (NASDAQ:BLFS) last released its earnings results on Thursday, August 10th. The medical equipment provider reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). BioLife Solutions had a negative return on equity of 64.98% and a negative net margin of 63.71%. The company had revenue of $2.56 million during the quarter, compared to analyst estimates of $2.40 million. Analysts forecast that BioLife Solutions will post ($0.24) earnings per share for the current year.

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BioLife Solutions Company Profile

BioLife Solutions, Inc (BioLife) is engaged in the developing, manufacturing and marketing a portfolio of biopreservation tools and services for cells, tissues and organs, including clinical grade cell and tissue hypothermic storage and cryopreservation freeze media and a related cloud hosted biologistics cold chain management application for shippers.

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