TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
BioHarvest Sciences ( (BHST) ) has issued an announcement.
BioHarvest Sciences Inc. has announced the pricing of an upsized public offering of common stock, expecting to raise approximately $17.4 million. The proceeds from this offering will be used for various strategic initiatives, including research and development, marketing, and debt reduction. This move is expected to enhance BioHarvest’s operational capabilities and strengthen its position in the botanical synthesis industry, potentially benefiting stakeholders through expanded business operations and financial stability.
The most recent analyst rating on (BHST) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on BioHarvest Sciences stock, see the BHST Stock Forecast page.
Spark’s Take on BHST Stock
According to Spark, TipRanks’ AI Analyst, BHST is a Neutral.
BioHarvest Sciences faces significant financial challenges, with weak profitability and a concerning balance sheet. Technical indicators suggest a bearish trend, and valuation metrics are poor due to ongoing losses. While the earnings call provided positive future guidance, current financial and technical weaknesses heavily impact the overall score.
To see Spark’s full report on BHST stock, click here.
More about BioHarvest Sciences
BioHarvest Sciences Inc. is a leader in Botanical Synthesis, utilizing its patented technology platform to grow plant-based compounds without the need to cultivate the underlying plant. The company operates in two major business verticals: as a contract development and production organization (CDMO) for customers seeking novel plant-based compounds, and as a creator of proprietary nutraceutical health and wellness products, including dietary supplements.
Average Trading Volume: 64,315
Technical Sentiment Signal: Buy
Current Market Cap: $173.4M
See more insights into BHST stock on TipRanks’ Stock Analysis page.