The stock of HeartBeam Inc (BEAT) has seen a 11.76% increase in the past week, with a 5.56% gain in the past month, and a -9.19% decrease in the past quarter. The volatility ratio for the week is 7.09%, and the volatility levels for the past 30 days are at 6.53% for BEAT. The simple moving average for the past 20 days is 9.53% for BEAT’s stock, with a 18.36% simple moving average for the past 200 days.
Is It Worth Investing in HeartBeam Inc (NASDAQ: BEAT) Right Now?
Additionally, the 36-month beta value for BEAT is -0.95. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BEAT is 19.44M and currently, short sellers hold a 0.92% ratio of that float. The average trading volume of BEAT on September 06, 2024 was 80.37K shares.
BEAT) stock’s latest price update
HeartBeam Inc (NASDAQ: BEAT) has experienced a rise in its stock price by 9.78 compared to its previous closing price of 2.25. However, the company has seen a gain of 11.76% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-14 that HeartBeam, Inc. (NASDAQ:BEAT ) Q2 2024 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants Branislav Vajdic – Founder and CEO Rob Eno – President Ravi Malhotra – Senior Director, Corporate Controller Conference Call Participants Operator Greetings, and welcome to the HeartBeam Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
BEAT Trading at -1.13% from the 50-Day Moving Average
After a stumble in the market that brought BEAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.12% of loss for the given period.
Volatility was left at 6.53%, however, over the last 30 days, the volatility rate increased by 7.09%, as shares surge +9.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.82% upper at present.
During the last 5 trading sessions, BEAT rose by +11.76%, which changed the moving average for the period of 200-days by +85.71% in comparison to the 20-day moving average, which settled at $2.27. In addition, HeartBeam Inc saw 5.11% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BEAT starting from de Urioste George, who sale 5,500 shares at the price of $2.31 back on Aug 30 ’24. After this action, de Urioste George now owns 58,820 shares of HeartBeam Inc, valued at $12,705 using the latest closing price.
de Urioste George, the Director of HeartBeam Inc, sale 2,194 shares at $2.26 during a trade that took place back on Aug 27 ’24, which means that de Urioste George is holding 64,320 shares at $4,958 based on the most recent closing price.
Stock Fundamentals for BEAT
The total capital return value is set at -2.04. Equity return is now at value -113.62, with -106.50 for asset returns.
Currently, EBITDA for the company is -15.31 million with net debt to EBITDA at 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.83.
Conclusion
In conclusion, HeartBeam Inc (BEAT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
