Brainstorm Cell Therapeutics (NASDAQ:BCLI) Releases Earnings Results

Brainstorm Cell Therapeutics (NASDAQ:BCLI) issued its earnings results on Tuesday. The biotechnology company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.12), Bloomberg Earnings reports.

NASDAQ:BCLI traded down $0.07 during trading hours on Wednesday, hitting $3.70. 234 shares of the company were exchanged, compared to its average volume of 91,868. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 9.34. Brainstorm Cell Therapeutics has a one year low of $2.92 and a one year high of $4.50. The business’s fifty day moving average is $3.99.

Several equities research analysts recently weighed in on the company. Maxim Group reissued a “buy” rating and set a $9.00 price objective on shares of Brainstorm Cell Therapeutics in a report on Tuesday, May 14th. ValuEngine downgraded Brainstorm Cell Therapeutics from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd.

Large investors have recently made changes to their positions in the stock. Delek Group Ltd. bought a new position in shares of Brainstorm Cell Therapeutics in the 1st quarter worth about $183,000. CIBC Private Wealth Group LLC raised its position in shares of Brainstorm Cell Therapeutics by 349.9% in the 1st quarter. CIBC Private Wealth Group LLC now owns 67,484 shares of the biotechnology company’s stock worth $293,000 after acquiring an additional 52,484 shares in the last quarter. BlackRock Inc. raised its position in shares of Brainstorm Cell Therapeutics by 44.6% in the 2nd quarter. BlackRock Inc. now owns 130,281 shares of the biotechnology company’s stock worth $514,000 after acquiring an additional 40,197 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Brainstorm Cell Therapeutics by 10.7% in the 2nd quarter. Renaissance Technologies LLC now owns 224,377 shares of the biotechnology company’s stock worth $886,000 after acquiring an additional 21,720 shares in the last quarter. 10.71% of the stock is owned by institutional investors and hedge funds.

About Brainstorm Cell Therapeutics

Brainstorm Cell Therapeutics Inc, a biotechnology company, engages in the development and commercialization of central nervous system (CNS) adult stem cell therapies designed to address the unmet medical needs of patients with debilitating neurodegenerative diseases. The company holds rights to develop and commercialize its NurOwn technology that utilizes a patient's own cells, which are engineered outside the body, to produce and secrete factors known to promote neuronal survival.

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Earnings History for Brainstorm Cell Therapeutics (NASDAQ:BCLI)

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