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In a recent transaction, Peter Altman, President and CEO of BioCardia, Inc. (NASDAQ:BCDA), acquired 100 shares of the company’s common stock. The shares were purchased at a price of $2.21 each, amounting to a total transaction value of $221. Following this acquisition, Altman holds a total of 141,766 shares directly. This transaction was executed as a single trade on May 30, 2025.The micro-cap company, currently valued at $11.1 million, has shown mixed signals recently. While the stock has gained nearly 10% over the past week, InvestingPro analysis indicates the company is currently overvalued relative to its Fair Value. Analysts maintain a Strong Buy rating with a $6 price target, suggesting significant upside potential. However, investors should note that BioCardia is quickly burning through cash and operates with weak gross profit margins.Want deeper insights? InvestingPro subscribers have access to over 10 additional ProTips and a comprehensive Pro Research Report for BCDA, helping you make more informed investment decisions.
In other recent news, BioCardia Inc. reported its financial results for the first quarter of 2025, revealing a net loss of $2.7 million, which is an increase from the previous year’s $2.3 million. Despite the financial loss, the company highlighted significant clinical progress, particularly in its CARDI Amp heart failure trial, which demonstrated safety and meaningful benefits. BioCardia is actively expanding into the electrophysiology market, indicating potential growth opportunities. The company is also focused on submitting trial results to regulatory bodies in the United States and Japan, which could pave the way for future approvals.
BioCardia’s research and development expenses rose to $1.5 million, reflecting an increase of $289,000 from the previous year, due to ongoing clinical trials and data collection efforts. The company ended the quarter with $949,000 in cash and cash equivalents, emphasizing careful capital management. BioCardia’s strategic positioning in the market includes leveraging its proprietary delivery systems and exploring potential partnerships. These developments are part of BioCardia’s broader strategy to enhance its market presence and clinical offerings.
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