Shares of Berkeley Lights Inc. (NASDAQ:BLI) traded today at $43.92, breaking its 52-week low. This new low was reached on below average trading volume as 289,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
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.
Potential upside of 10.8% exists for Berkeley Lights Inc., based on a current level of $44.10 and analysts’ average consensus price target of $48.86.
Over the past year, Berkeley Lights Inc. has traded in a range of $43.92 to $113.53 and is now at $44.10.
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