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Are Beamr Imaging Ltd. (NASDAQ: BMR) Analysts Predicting A Spike?

Beamr Imaging Ltd. (NASDAQ:BMR) shares, rose in value on Thursday, 05/25/23, with the stock price up by 116.59% to the previous day’s close as strong demand from buyers drove the stock to $4.96.

Actively observing the price movement in the last trading, the stock closed the session at $2.29, falling within a range of $4.12 and $8.04. Referring to stock’s 52-week performance, its high was $3.96, and the low was $1.36. On the whole, BMR has fluctuated by 237.41% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days.

0 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 0 recommend it as a Buy and 0 called the BMR stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is -.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BMR currently trading nearly 188.10% and 157.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 87.05, while the 7-day volatility ratio is showing 27.23% which for the 30-day chart, stands at 16.30%. Furthermore, Beamr Imaging Ltd. (BMR)’s average true range (ATR) is 0.64.

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Data on historical trading for Beamr Imaging Ltd. (NASDAQ:BMR) indicates that the trading volumes over the past 10 days have averaged 5.1 million and over the past 3 months, they’ve averaged 61.35K. According to company’s latest data on outstanding shares, there are 12.88 million shares outstanding.

Nearly 64.93% of Beamr Imaging Ltd.’s shares belong to company insiders and institutional investors own 8.34% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 37220.0 shares as on Apr 27, 2023, resulting in a short ratio of 0.62. According to the data, the short interest in Beamr Imaging Ltd. (BMR) stood at 0.29% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 14060.0. The stock has risen by 35.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BMR stock heading into the next quarter.

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