Biosig Technologies Inc (NASDAQ:BSGM) traded at $1.62 at close of the session on Tuesday, April 09, made an upward move of 30.65% on its previous day’s price.
Looking at the stock we see that its previous close was $1.24 and the beta (5Y monthly) reads 1.22 . In terms of its 52-week price range, BSGM has a high of $16.50 and a low of $0.26. The company’s stock has gained about 161.29% over that past 30 days.
Biosig Technologies Inc has a market cap of $15.11 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.5, with the EPS growth for the year raised at -$3.7 for 2023 and -$1.5 for next year. These figures represent 42.20% and 59.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $100k, with a low of $100k and a high of $100k. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $100k, or -60.60% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BSGM stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 164.38% off its SMA20 and 106.67% from its 50-day simple moving average. The RSI (14) is pointing at 78.14 while the volatility over the past week is 86.33% and jumps to 34.41% over the past one month. The beta value is 1.08, while the average true range (ATR) is currently pointing at 0.32.
Coming back to Biosig Technologies Inc (NASDAQ:BSGM), we note that the average 3-month trading volume was 416.98K, while that of the preceding 10-day period stands at 0.53 million. Current shares outstanding are 9.33 million.
The insiders hold 17.06% of the company’s shares while institutions hold 11.40%. The data shows that short shares as of Mar 15, 2024, stood at 0.67 million at a short ratio of 0.8. This represents a 7.17% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 0.41 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -65.89% down in year-to-date price movement.
