Why Did bioAffinity Plunge 23.82% After 319.23% Surge?

On April 3, 2025, bioAffinity's stock price plummeted by 23.82% in pre-market trading, marking a significant downturn for the biotechnology company.

bioAffinity Technologies, Inc. experienced a dramatic surge in its stock price on the previous trading day, April 1, 2025, with a 319.23% increase, rising from $0.260 to $1.09. This substantial gain was followed by a notable trading volume during midday trading on the same day, reaching $0.78 per share. The company's stock has shown volatility, with a 50-day moving average of $0.57 and a 200-day moving average of $1.06. Additionally, bioAffinity Technologies has a 1-year low of $0.24, indicating the range within which its stock has traded over the past year.

The recent fluctuations in bioAffinity's stock price can be attributed to various factors, including market sentiment and investor reactions to the company's performance. The significant drop in pre-market trading on April 3, 2025, suggests that investors may be reassessing the company's prospects following its recent surge. The biotechnology sector is known for its volatility, and bioAffinity's stock price movements reflect the dynamic nature of the industry.