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 105.33% per annum.
- BLFS price at the close of July 26, 2024 was $24.04 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 3.45% per annum.
- BLFS price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.82 (3.53%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 10, 2023
End date: July 26, 2024
a = -0.4803
b = 0.0020
s = 0.1040
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 105.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1040) – 1
= 51.56%
August 10, 2023 calculations
Top border of price channel:
Exp(Y1,016)
= Exp(a + b × X1,016 + 2 × s)
= Exp(a + b × 1,473 + 2 × s)
= Exp(-0.4803 + 0.0020 × 1,473 + 2 × 0.1040)
= Exp(2.6311)
= $13.89
Bottom border of price channel:
Exp(Y1,016)
= Exp(a + b × X1,016 – 2 × s)
= Exp(a + b × 1,473 – 2 × s)
= Exp(-0.4803 + 0.0020 × 1,473 – 2 × 0.1040)
= Exp(2.2152)
= $9.16
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-0.4803 + 0.0020 × 1,824 + 2 × 0.1040)
= Exp(3.3229)
= $27.74
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-0.4803 + 0.0020 × 1,824 – 2 × 0.1040)
= Exp(2.9071)
= $18.30
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 105.33% per annum.
- BLFS price at the close of July 26, 2024 was $24.04 and was inside the primary price channel.
Secondary Trend
Start date: May 13, 2024
End date: July 26, 2024
a = 3.2300
b = -0.0001
s = 0.0454
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0454) – 1
= 19.89%
May 13, 2024 calculations
Top border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 + 2 × s)
= Exp(a + b × 1,750 + 2 × s)
= Exp(3.2300 + -0.0001 × 1,750 + 2 × 0.0454)
= Exp(3.1522)
= $23.39
Bottom border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 – 2 × s)
= Exp(a + b × 1,750 – 2 × s)
= Exp(3.2300 + -0.0001 × 1,750 – 2 × 0.0454)
= Exp(2.9708)
= $19.51
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.2300 + -0.0001 × 1,824 + 2 × 0.0454)
= Exp(3.1451)
= $23.22
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.2300 + -0.0001 × 1,824 – 2 × 0.0454)
= Exp(2.9636)
= $19.37
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 3.45% per annum.
- BLFS price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.82 (3.53%). This indicates a possible reversal in the secondary trend direction.