BioCardia Shares Fall 10% After Hours: Here's Why

BioCardia Inc. (NASDAQ: BCDA) shares fell 10.19% to $0.97 in after-hours trading, following a regular session decline of 7.69% to close at $1.08. The company has a market capitalization of approximately $16.35 million and has experienced a 2.7% decrease in share price over the past 12 months. BioCardia recently regained compliance with Nasdaq's $1 minimum bid price requirement after its stock traded above this threshold for at least 10 consecutive business days, although it cautioned that future compliance is not guaranteed.