Biosig Technologies Inc (NASDAQ:BSGM) shares, rose in value on Thursday, May 08, with the stock price up by 21.77% to the previous day’s close as strong demand from buyers drove the stock to $1.79.
Actively observing the price movement in the last trading, the stock closed the session at $1.47. Referring to stock’s 52-week performance, its high was $2.57, and the low was $0.20. On the whole, BSGM has fluctuated by 274.63% over the past month.
With the market capitalization of Biosig Technologies Inc currently standing at about $43.41 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BSGM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of BSGM currently trading nearly 90.33% and 130.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 83.02, while the 7-day volatility ratio is showing 20.25% which for the 30-day chart, stands at 21.72%. Furthermore, Biosig Technologies Inc (BSGM)’s beta value is -0.03, and its average true range (ATR) is 0.18.
A comparison of Biosig Technologies Inc (BSGM) with its peers suggests the former has fared considerably weaker in the market. BSGM showed an intraday change of 21.77% in last session, and over the past year, it grew by 26.06%%.
Data on historical trading for Biosig Technologies Inc (NASDAQ:BSGM) indicates that the trading volumes over the past 3 months, they’ve averaged 377.07K. According to company’s latest data on outstanding shares, there are 17.24 million shares outstanding.
Nearly 30.15% of Biosig Technologies Inc’s shares belong to company insiders and institutional investors own 20.04% of the company’s shares. The stock has risen by 20.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BSGM stock heading into the next quarter.
