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BioHarvest Sciences ( (BHST) ) has issued an announcement.
BioHarvest Sciences has strengthened its financial position by raising $10.9 million in gross proceeds and reducing its debt by $3.8 million through a series of warrant exercises and debt-to-equity conversions. This strategic move enhances the company’s balance sheet, providing financial flexibility to accelerate growth initiatives across its products and CDMO services divisions, while also supporting capital expenditures, debt refinancing, and working capital needs.
The most recent analyst rating on (BHST) stock is a Hold with a $9.00 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.
The overall stock score reflects a mix of positive revenue growth and operational efficiencies, offset by significant financial instability and ongoing losses. The technical analysis shows a positive trend, but valuation metrics highlight challenges in profitability.
To see Spark’s full report on BHST stock, click here.
More about BioHarvest Sciences
BioHarvest Sciences Inc. is a biotechnology company specializing in Botanical Synthesis technology. The company focuses on developing plant-based compounds without growing the actual plants, offering products in two main areas: as a contract development and manufacturing organization (CDMO) for novel plant-based compounds, and as a creator of proprietary nutraceutical health and wellness products, including dietary supplements.
Average Trading Volume: 16,808
Technical Sentiment Signal: Buy
Current Market Cap: $155.3M
For an in-depth examination of BHST stock, go to TipRanks’ Overview page.