Biosig Technologies Inc (NASDAQ: BSGM)’s stock price has gone decline by -16.96 in comparison to its previous close of 1.71, however, the company has experienced a 5.97% increase in its stock price over the last five trading days. Zacks Investment Research reported 2023-08-25 that BioSig’s (BSGM) subscription model for PURE EP provides electrophysiologists and cardiology departments with flexibility.
Is It Worth Investing in Biosig Technologies Inc (NASDAQ: BSGM) Right Now?
Moreover, the 36-month beta value for BSGM is 0.80. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BSGM is 9.29M and currently, short sellers hold a 10.35% of that float. On May 07, 2024, BSGM’s average trading volume was 1.20M shares.
BSGM’s Market Performance
BSGM’s stock has seen a 5.97% increase for the week, with a 119.37% rise in the past month and a 30.48% gain in the past quarter. The volatility ratio for the week is 25.64%, and the volatility levels for the past 30 days are at 44.46% for Biosig Technologies Inc The simple moving average for the past 20 days is -6.63% for BSGM’s stock, with a -60.21% simple moving average for the past 200 days.
Analysts’ Opinion of BSGM
Many brokerage firms have already submitted their reports for BSGM stocks, with ROTH Capital repeating the rating for BSGM by listing it as a “Buy.” The predicted price for BSGM in the upcoming period, according to ROTH Capital is $9 based on the research report published on March 30, 2020 of the previous year 2020.
BSGM Trading at 47.63% from the 50-Day Moving Average
After a stumble in the market that brought BSGM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.39% of loss for the given period.
Volatility was left at 44.46%, however, over the last 30 days, the volatility rate increased by 25.64%, as shares surge +14.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +331.22% upper at present.
During the last 5 trading sessions, BSGM rose by +5.97%, which changed the moving average for the period of 200-days by -89.78% in comparison to the 20-day moving average, which settled at $1.5297. In addition, Biosig Technologies Inc saw -70.11% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BSGM starting from LONDONER KENNETH L, who purchase 15,600 shares at the price of $1.24 back on Jun 13 ’23. After this action, LONDONER KENNETH L now owns 2,507,020 shares of Biosig Technologies Inc, valued at $19,358 using the latest closing price.
LONDONER KENNETH L, the Chief Executive Officer of Biosig Technologies Inc, purchase 6,000 shares at $1.17 during a trade that took place back on Jun 12 ’23, which means that LONDONER KENNETH L is holding 2,491,420 shares at $7,040 based on the most recent closing price.
Stock Fundamentals for BSGM
Current profitability levels for the company are sitting at:
- -1584.0 for the present operating margin
- -27.06 for the gross margin
The net margin for Biosig Technologies Inc stands at -1613.5. The total capital return value is set at 10.24. Equity return is now at value -6869.27, with -983.11 for asset returns.
Based on Biosig Technologies Inc (BSGM), the company’s capital structure generated -0.18 points at debt to capital in total, while cash flow to debt ratio is standing at -38.3. The debt to equity ratio resting at -0.16. The interest coverage ratio of the stock is 7128.0.
Currently, EBITDA for the company is -28.15 million with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 897.97. The receivables turnover for the company is 0.75for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
To wrap up, the performance of Biosig Technologies Inc (BSGM) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
