BioLife Solutions Inc (BLFS)
BioLife Solutions, Inc. develops, manufactures, and supplies bioproduction tools and services for the gene and cell therapy industry in the United States, Canada, Europe, the Middle East, Africa, and internationally. The company is headquartered in Bothell, Washington.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 84.17% per annum.
- BLFS price at the close of April 28, 2025 was $24.47 and was lower than the bottom border of the primary price channel by $3.26 (11.77%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.37% per annum.
- BLFS price at the close of April 28, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of BLFS price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 9, 2023
End date: February 21, 2025
a = 0.4681
b = 0.0017
s = 0.0995
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 84.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0995) – 1
= 48.88%
August 9, 2023 calculations
Top border of price channel:
Exp(Y825)
= Exp(a + b × X825 + 2 × s)
= Exp(a + b × 1,197 + 2 × s)
= Exp(0.4681 + 0.0017 × 1,197 + 2 × 0.0995)
= Exp(2.6698)
= $14.44
Bottom border of price channel:
Exp(Y825)
= Exp(a + b × X825 – 2 × s)
= Exp(a + b × 1,197 – 2 × s)
= Exp(0.4681 + 0.0017 × 1,197 – 2 × 0.0995)
= Exp(2.2719)
= $9.70
February 21, 2025 calculations
Top border of price channel:
Exp(Y1,210)
= Exp(a + b × X1,210 + 2 × s)
= Exp(a + b × 1,759 + 2 × s)
= Exp(0.4681 + 0.0017 × 1,759 + 2 × 0.0995)
= Exp(3.6101)
= $36.97
Bottom border of price channel:
Exp(Y1,210)
= Exp(a + b × X1,210 – 2 × s)
= Exp(a + b × 1,759 – 2 × s)
= Exp(0.4681 + 0.0017 × 1,759 – 2 × 0.0995)
= Exp(3.2122)
= $24.83
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 84.17% per annum.
- BLFS price at the close of April 28, 2025 was $24.47 and was lower than the bottom border of the primary price channel by $3.26 (11.77%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 23, 2024
End date: April 28, 2025
a = 3.0187
b = 0.0001
s = 0.0746
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0746) – 1
= 34.74%
July 23, 2024 calculations
Top border of price channel:
Exp(Y1,064)
= Exp(a + b × X1,064 + 2 × s)
= Exp(a + b × 1,546 + 2 × s)
= Exp(3.0187 + 0.0001 × 1,546 + 2 × 0.0746)
= Exp(3.3492)
= $28.48
Bottom border of price channel:
Exp(Y1,064)
= Exp(a + b × X1,064 – 2 × s)
= Exp(a + b × 1,546 – 2 × s)
= Exp(3.0187 + 0.0001 × 1,546 – 2 × 0.0746)
= Exp(3.0510)
= $21.14
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.0187 + 0.0001 × 1,825 + 2 × 0.0746)
= Exp(3.3819)
= $29.43
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.0187 + 0.0001 × 1,825 – 2 × 0.0746)
= Exp(3.0837)
= $21.84
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.37% per annum.
- BLFS price at the close of April 28, 2025 was inside the secondary price channel.