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Bluejay Diagnostics (BJDX)
NASDAQ:BJDX
US Market

Bluejay Diagnostics (BJDX) AI Stock Analysis

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BJDX

Bluejay Diagnostics

(NASDAQ:BJDX)

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Neutral 42 (OpenAI - 5.2)
,
Neutral 42 (OpenAI - 5.2)
,
Neutral 42 (OpenAI - 5.2)
Rating:42Neutral
Price Target:
$2.00
▲(207.69% Upside)
Action:ReiteratedDate:03/18/26
The score is held down primarily by very weak financial performance (minimal revenue, persistent losses, and significant cash burn) and a bearish technical setup (below major moving averages with negative MACD). Positive corporate progress on the Symphony IL-6 program and manufacturing readiness provides some offset, but valuation remains constrained by loss-making fundamentals and no dividend support.
Positive Factors
Antibody production capacity
Owning commercial-scale IL-6 antibody production and inventory for ~9M cartridges materially reduces supply risk and short-term COGS volatility. This durable operational capability supports scalable manufacturing and faster ramp if/when regulatory clearance and commercial demand materialize.
SYMON II enrollment & manufacturing readiness
Strong SYMON II enrollment plus cartridge characterization and robust antibody supply reduce clinical and execution risk. A large, diverse dataset and manufacturing readiness improve the odds of a defensible 510(k) submission and shorten time from clearance to commercialization.
Capital structure clarity
Eliminating prefunded warrants and disclosing remaining cash-exercisable warrants brings clarity to share count and potential future inflows. A clearer cap table reduces investor uncertainty and allows management to plan financing and commercialization more strategically over months.
Negative Factors
Persistent cash burn
Sustained negative operating and free cash flow forces recurring financing needs, which can dilute shareholders and divert management attention. Until revenue scales, ongoing cash burn constrains investments in commercialization, hiring, and regulatory support, raising execution risk.
Minimal revenue traction
Lack of meaningful revenue demonstrates the business model is unproven commercially. Even with regulatory progress, converting approvals to sustainable sales requires new capabilities; absent revenue, the firm remains dependent on capital markets and partner arrangements.
Very small operating scale
A tiny headcount limits internal capacity for regulatory filings, quality systems, commercial launch, and scaling manufacturing. This increases reliance on external partners, slows execution, and heightens operational risk during the critical transition from development to commercialization.

Bluejay Diagnostics (BJDX) vs. SPDR S&P 500 ETF (SPY)

Bluejay Diagnostics Business Overview & Revenue Model

Company DescriptionBluejay Diagnostics, Inc. operates as a medical diagnostics company. The company offers the Symphony platform, a technology platform comprising the Symphony analyzer that orchestrates whole blood processing, biomarker isolation, and immunoassay preparation using non-contact centrifugal force; and the Symphony Cartridge, which includes reagents and components. It also provides the ALLEREYE diagnostic test, a point-of-care device for the diagnosis of allergic conjunctivitis. In addition, the company develops Symphony IL-6 tests for the monitoring of disease progression in critical care settings. Further, it is developing additional tests for Symphony, such as tests for myocardial infraction and congestive heart failure. Bluejay Diagnostics, Inc. was incorporated in 2015 and is headquartered in Acton, Massachusetts.
How the Company Makes Moneynull

Bluejay Diagnostics Financial Statement Overview

Summary
Financials reflect an early-stage, high-risk profile: revenue is largely absent, net losses remain multi-million-dollar, and operating/free cash flow are deeply negative (ongoing cash burn). Balance-sheet leverage is low with positive equity, but continued losses erode the capital base.
Income Statement
12
Very Negative
Operating performance remains very weak. Revenue is effectively absent in most years (including 2023–2025), with a sharp decline shown in 2025, and profitability is deeply negative with continued multi-million-dollar net losses (2025 net loss of ~$6.8M; 2024 net loss of ~$7.7M). A positive is that losses have narrowed versus 2022–2023, indicating some cost control progress, but the lack of meaningful revenue traction keeps earnings quality and business momentum poor.
Balance Sheet
48
Neutral
Leverage is low, which reduces financial risk (2025 debt-to-equity ~0.02; total debt ~$0.12M). The company also has positive equity in recent years (2023–2025), suggesting balance sheet repair versus 2020 when equity was negative. However, equity has declined substantially from 2021 levels and returns on equity are strongly negative, reflecting that ongoing losses are eroding the capital base over time.
Cash Flow
18
Very Negative
Cash generation is consistently negative, with sizable ongoing cash burn (2025 operating cash flow about -$6.1M; free cash flow about -$6.2M). There is some improvement versus 2024 as cash outflows narrowed, but free cash flow remains persistently negative and growth in free cash flow has been volatile across years, highlighting funding dependence until revenues scale.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.00249.04K0.00
Gross Profit-170.68K-199.10K-780.96K48.91K-145.72K
EBITDA-6.78M-6.70M-9.17M-9.01M-3.08M
Net Income-6.85M-7.72M-9.95M-9.30M-3.73M
Balance Sheet
Total Assets7.12M6.66M4.87M13.52M21.02M
Cash, Cash Equivalents and Short-Term Investments5.16M4.30M2.21M10.11M19.05M
Total Debt120.21K222.25K352.98K492.62K0.00
Total Liabilities1.14M927.92K1.97M1.98M637.16K
Stockholders Equity5.98M5.73M2.89M11.54M20.38M
Cash Flow
Free Cash Flow-6.23M-8.13M-9.02M-8.94M-4.39M
Operating Cash Flow-6.05M-7.82M-8.31M-7.74M-4.37M
Investing Cash Flow-173.74K-306.78K-704.17K-1.20M-23.95K
Financing Cash Flow7.09M10.22M1.11M8.07K22.53M

Bluejay Diagnostics Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.65
Price Trends
50DMA
2.55
Negative
100DMA
3.88
Negative
200DMA
5.36
Negative
Market Momentum
MACD
-0.21
Negative
RSI
39.70
Neutral
STOCH
56.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BJDX, the sentiment is Negative. The current price of 0.65 is below the 20-day moving average (MA) of 1.96, below the 50-day MA of 2.55, and below the 200-day MA of 5.36, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 39.70 is Neutral, neither overbought nor oversold. The STOCH value of 56.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BJDX.

Bluejay Diagnostics Risk Analysis

Bluejay Diagnostics disclosed 52 risk factors in its most recent earnings report. Bluejay Diagnostics reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Bluejay Diagnostics Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
45
Neutral
$2.91M-0.28-191.39%76.53%
45
Neutral
$2.35M-0.37-202.20%-49.63%82.22%
42
Neutral
$1.90M-0.18-145.52%97.70%
41
Neutral
$648.65K-0.05-2268.26%-12.39%44.61%
37
Underperform
$419.00-0.95
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BJDX
Bluejay Diagnostics
1.95
-13.85
-87.66%
AEMD
Aethlon Medical
2.21
-32.19
-93.58%
VERO
Venus Concept
0.35
-2.33
-87.01%
BBLG
Bone Biologics
1.16
-3.77
-76.47%
TIVC
Tivic Health Systems
0.93
-2.50
-72.97%
DHAI
DIH Holdings US, Inc Class A
0.03
-8.69
-99.66%

Bluejay Diagnostics Corporate Events

Private Placements and FinancingRegulatory Filings and Compliance
Bluejay Diagnostics Announces Insider-Funded Private Stock Placement
Positive
Mar 17, 2026

On March 14, 2024, Bluejay Diagnostics, Inc. entered into a securities purchase agreement with several board members and executives, including its president and CEO, to sell 62,500 shares of common stock at $2.00 per share in a private placement. The transaction, which closed on March 17, 2026 and raised $125,000 in gross proceeds, was conducted under exemptions from Securities Act registration, involved only accredited investors, and did not include registration rights, underscoring insider support for the company while resulting in a modest equity dilution for existing shareholders.

The most recent analyst rating on (BJDX) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Bluejay Diagnostics stock, see the BJDX Stock Forecast page.

Business Operations and StrategyM&A Transactions
Bluejay Weighs Proposed Therapeutic Acquisition, Reaffirms Symphony Focus
Neutral
Mar 16, 2026

On March 13, 2026, Bluejay Diagnostics responded to investor NorthStrive Fund II LP, which had proposed that the company consider acquiring a Phase-1-ready therapeutic program targeting refractory chronic cough to expand its clinical pipeline. Management emphasized that its primary focus remains on progressing the Symphony diagnostic platform, completing the SYMON II study, and managing cash resources to support long-term shareholder value.

The board and management said they will evaluate the suggested acquisition with input from clinical and regulatory advisors to determine whether it is complementary and accretive to the existing platform. They requested additional due diligence materials from NorthStrive and the unnamed counterparty, while stressing that any decision will be guided by fiduciary duties under Delaware law and the interests of current stockholders.

The most recent analyst rating on (BJDX) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Bluejay Diagnostics stock, see the BJDX Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Bluejay Advances Symphony IL-6 Sepsis Diagnostic Program
Positive
Mar 12, 2026

On March 12, 2026, Bluejay Diagnostics announced that an abstract on its Symphony IL-6 Test was accepted for presentation at the 2026 Society of Academic Emergency Medicine Annual Meeting, to be held May 18–21 in Atlanta. The work will share data from SYMON-I, a multicenter pilot study examining how IL-6 levels in emergency department sepsis patients correlate with organ dysfunction measured by SOFA scores over the first three days of hospitalization.

Investigators reported that SYMON-I findings suggest emergency department IL-6 levels may be associated with subsequent organ dysfunction in sepsis and septic shock, adding to evidence that IL-6 could serve as an early biomarker in critically ill patients. Bluejay highlighted that SYMON-II, its pivotal validation study, is underway and is intended to underpin a future 510(k) submission, signaling progress toward potential FDA clearance and reinforcing the strategic importance of Symphony IL-6 within sepsis diagnostics.

The most recent analyst rating on (BJDX) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Bluejay Diagnostics stock, see the BJDX Stock Forecast page.

Private Placements and FinancingRegulatory Filings and ComplianceStock Split
Bluejay Diagnostics Completes Warrant Exercises, Clarifies Capital Structure
Positive
Feb 20, 2026

On February 20, 2026, Bluejay Diagnostics announced that all prefunded warrants issued in its October 2025 private placement had been fully exercised as of February 19, 2026, leaving no prefunded warrants of any class outstanding. Following these exercises, the company reported approximately 972,000 shares of common stock outstanding and disclosed that it still has cash-exercisable warrants for about 1.5 million shares, all with exercise prices of $7.00 or more per share, a development that clarifies its capitalization and potential future equity inflows for investors.

The company also highlighted that several recent Schedule 13G filings do not reflect the 1-for-4 reverse stock split completed on January 29, 2026, which means reported beneficial ownership stakes may appear overstated on a pre-split basis. Bluejay urged investors to account for this discrepancy when interpreting such filings, underscoring the importance of adjusted share counts in assessing ownership levels and market float following its capital structure changes.

The most recent analyst rating on (BJDX) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Bluejay Diagnostics stock, see the BJDX Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Bluejay Advances SYMON II Sepsis Study and Manufacturing
Positive
Feb 18, 2026

On February 17, 2026, Bluejay Diagnostics reported significant progress in its SYMON II multicenter IL-6 monitoring study for sepsis, having enrolled 545 patients toward a 750-patient target under approved IRB protocols. Management said the growing, diverse dataset should strengthen its regulatory case and reduce clinical execution risk as the program moves from enrollment to data analysis and regulatory engagement.

The company also detailed advances in manufacturing readiness, including completion of cartridge characterization for U.S. commercial production and antibody production sufficient for over 10 million test cartridges. Ongoing work on cartridge fabrication, validation, and material substitutions, alongside a parallel, no–single point of failure technology transfer strategy, positions Bluejay in early 2026 with reduced execution risk and greater focus on commercialization preparedness.

The most recent analyst rating on (BJDX) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Bluejay Diagnostics stock, see the BJDX Stock Forecast page.

Regulatory Filings and ComplianceShareholder MeetingsStock Split
Bluejay Diagnostics Completes 1-for-4 Reverse Stock Split
Neutral
Jan 30, 2026

On June 18, 2025, stockholders of Bluejay Diagnostics approved an amendment to the company’s charter to permit a reverse stock split at ratios between 1-for-2 and 1-for-20, and on January 27, 2026 the board selected a 1-for-4 ratio, filing a certificate of amendment in Delaware to implement the move. The 1-for-4 reverse stock split took effect at 12:01 a.m. Eastern Time on January 29, 2026, after which Bluejay’s common stock began trading on Nasdaq on a post-split basis under the unchanged ticker “BJDX” but with a new CUSIP, consolidating every four outstanding shares into one and cutting the share count from about 2,834,133 to roughly 708,533, with prefunded warrant shares and all equity awards and warrants adjusted proportionately. The reverse split, which leaves par value and voting rights intact and treats all stockholders uniformly, is operationally significant because it sharply reduces the number of shares outstanding while preserving ownership percentages, and it streamlines the capital structure for investors and warrant holders, who will see automatic adjustments in book-entry and street-name accounts and receive cash in lieu of fractional shares.

The most recent analyst rating on (BJDX) stock is a Hold with a $0.87 price target. To see the full list of analyst forecasts on Bluejay Diagnostics stock, see the BJDX Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Bluejay Diagnostics Scales IL-6 Antibody Production Capacity
Positive
Dec 30, 2025

On December 29, 2025, Bluejay Diagnostics announced it had completed commercial-scale production of both polyclonal and monoclonal antibodies targeting interleukin-6 (IL-6), a key biomarker for inflammatory and critical-care applications, with both antibody types meeting internal performance criteria for use in Symphony cartridge manufacturing. Internal testing showed acceptable binding, specificity and signal performance for the monoclonal detection antibodies, and the company now estimates its IL-6 antibody inventory could support production of more than nine million Symphony cartridges while also having the capability to produce additional antibodies, marking a significant operational milestone for scaling the Symphony platform even as the system remains under development and subject to further validation and regulatory review.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 18, 2026