The stock price of Biosig Technologies Inc (NASDAQ: BSGM) has dropped by -11.21 compared to previous close of 2.23. Despite this, the company has seen a gain of 21.47% in its stock price over the last five trading days. globenewswire.com reported 2024-10-22 that Los Angeles, CA, Oct. 22, 2024 (GLOBE NEWSWIRE) — BioSig Technologies, Inc. (OTCQB: BSGM) (“BioSig” or the “Company”), a medical technology company delivering unprecedented accuracy and precision to intra-cardiac signal visualization, today announced its successful appeal to the NASDAQ Panel, and as a result the Company’s common stock will resume trading on the NASDAQ Capital Market Exchange at the open of trading on Wednesday, October 23, 2024. The Company was granted an extension until March 7, 2025, a 360-day grace period from the point at which the Market Value of Listed Securities (“MVLS”) requirement previously became non-compliant.
Is It Worth Investing in Biosig Technologies Inc (NASDAQ: BSGM) Right Now?
The 36-month beta value for BSGM is also noteworthy at 0.62. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BSGM is 11.71M, and at present, short sellers hold a 1.57% of that float. The average trading volume of BSGM on November 13, 2024 was 186.85K shares.
BSGM’s Market Performance
BSGM stock saw an increase of 21.47% in the past week, with a monthly gain of 560.00% and a quarterly increase of 288.24%. The volatility ratio for the week is 23.38%, and the volatility levels for the last 30 days are 26.19% for Biosig Technologies Inc (BSGM). The simple moving average for the past 20 days is 71.82% for BSGM’s stock, with a 140.34% simple moving average for the past 200 days.
BSGM Trading at 194.24% 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 -60.39% of loss for the given period.
Volatility was left at 26.19%, however, over the last 30 days, the volatility rate increased by 23.38%, as shares surge +526.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +350.00% upper at present.
During the last 5 trading sessions, BSGM rose by +21.47%, which changed the moving average for the period of 200-days by -8.38% in comparison to the 20-day moving average, which settled at $1.15. In addition, Biosig Technologies Inc saw -58.32% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BSGM
Current profitability levels for the company are sitting at:
- -467.35 for the present operating margin
- -6.8 for the gross margin
The net margin for Biosig Technologies Inc stands at -448.45. The total capital return value is set at -142.7. Equity return is now at value -8041.70, with -501.13 for asset returns.
Based on Biosig Technologies Inc (BSGM), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at -33.92. The debt to equity ratio resting at 2.85. The interest coverage ratio of the stock is -1557.83.
Currently, EBITDA for the company is -28.15 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 760.23. The receivables turnover for the company is 0.74for 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 0.80.
Conclusion
In summary, Biosig Technologies Inc (BSGM) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
